Archives for 2018
OPEC, Russia set talks to maintain output cuts
OPEC and Russia will meet in Saudi Arabia this week after all but banishing a global oil glut. While looming political crises threaten to tighten supplies further, the group seems determined to keep its cuts...
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Crude rises to highest since 2014
Crude rose to highest level since 2014 in New York as the drop in U.S. inventories reported by an industry group helped to sustain a rally spurred by geopolitical risks. Source: FuelFix
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Ares, Castle Harlan among private firms pouring cash into Houston's oil industry
The transactions are the latest examples of surging private equity investments in the U.S. oil patch, where investors have instructed their publicly traded rivals to focus on making returns and developing the fields they already...
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Zinke says no on lowering offshore royalty rate
The federal royalty rate for offshore oil and gas production from the deepwater Gulf of Mexico will not be reduced, Interior Secretary Ryan Zinke said Tuesday. Source: FuelFix
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