Archives for 2018
Oil rises as Saudi supply cut counters fears over trade war
Oil rose in New York after Saudi Arabia was said to have curbed production, offsetting concerns that the growing trade dispute between the U.S. and China will hurt demand. Source: FuelFix
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SEC drops climate accounting probe of Exxon Mobil
The Trump administration dropped a two-year-old accounting probe into Exxon Mobil Corp.’s valuation of its reserves and public disclosures about climate change, while inquiries by two Democratic-led states continue. Source: FuelFix
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U.S. rig count dips by four; Texas stays flat
The number of rigs actively drilling for oil and gas in the U.S. dipped by four this week, but Texas and the booming Permian Basin stayed flat. Source: FuelFix
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Targa, NextEra, Marathon team up for Permian gas pipeline
Houston pipeline firm Targa Resources said it is teaming up with a bevy of partners to build a 600-mile natural gas pipeline system from West Texas’ Permian Basin to the Corpus Christi and Houston regions....
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Billions at risk for U.S. LNG exports on China 25% tariffs
China is proposing a 25 percent tariff on imports of U.S. liquefied natural gas as retaliation for the Trump Administration’s latest push to increase tariffs on the Asian giant. Source: FuelFix
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