Archives for 2018
U.S. oil stockpiles rise as crude prices dip
The nation’s commercial crude stockpiles rose by 3.8 million barrels last week – an increase of about 1 percent – as global oil prices continued to fall this week. U.S. gasoline inventories dipped by 2.5...
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Enterprise Products records growing profit
Houston’s Enterprise Products Partners said it earned $674 million in profits during the second quarter, up 3 percent from the same time last year. Source: FuelFix
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Oil falls as U.S. inventories jump while trade war risks persist
Oil fell to the lowest in more than a week amid a surprise jump in U.S. crude inventories and an escalating trade dispute between the U.S. and China. Source: FuelFix
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As EPA head promises transparency, Senate beckons
Since Scott Pruitt resigned from the EPA earlier this month, Acting Administrator Andrew Wheeler has been promising a new, more transparent agency. Now he will get his chance to prove it, sitting down before the...
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American oil production is growing more slowly than expected
U.S. oil production may not be growing quite as fast as everyone thinks. American drillers pumped 10.442 million barrels a day in May — about 300,000 fewer barrels per day than the Energy Information Administration...
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