Archives for 2018
API launches anti-E-15 ads
The oil industry’s largest lobbying group has launched a campaign attacking E-15, a a lower-cost fuel with a higher concentration of ethanol that could expand under a deal being considered by President Donald Trump. Source:...
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Permian Oil Auction Gets Record $1 Billion as Bidding Soars
(Bloomberg) — The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an acre in a federal government auction, a record high for North America’s biggest...
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West Texas oil constraints coming faster than expected
A lack of available pipeline capacity is leading to a slowdown in West Texas’ Permian Basin faster than expected. Source: FuelFix
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Mexico's next president says historic oil auctions will continue
Mexico’s next president said he will continue with oil auctions in the first signs that he is backtracking on plans to scale back the country’s historic 2014 energy reforms. Source: FuelFix
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Oil set for weekly loss as emerging-market contagion fears grow
Oil is poised for the biggest weekly decline since mid-July as a rout in emerging markets raises contagion fears. Source: FuelFix
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