Archives for 2018
Saudis: Deal to gradually boost OPEC output 'inevitable'
Saudi Arabia’s oil minister said it’s “inevitable” that OPEC and its allies will agree to boost oil output gradually, giving the most definitive signal yet that the cartel will alleviate high prices for consumers. Source:...
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Crude, gasoline stockpiles dive
Crude oil and gasoline stockpiles fell sharply last week, reversing the large inventory build during the previous week. Source: FuelFix
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Venezuela, Iran oil output could slump by almost one-third, says IEA
OPEC members Iran and Venezuela could lose almost 30 percent of their oil output next year due to U.S. sanctions and economic upheaval, requiring extra supplies from the group’s Gulf members. Source: FuelFix
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Phillips 66 to expand natural gas processing at Sweeny hub
Phillips 66 on Wednesday announced its decision to expand its Sweeny Hub near Old Ocean to transport and process more natural gas liquids amid a boom in Gulf Coast petrochemicals manufacturing. Source: FuelFix
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Solar power industry grows in Texas but still tiny
Texas has nearly 9.3 million households, according to the Census Bureau, but only a small fraction of them are powered by solar energy. Source: FuelFix
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