Archives for 2018
IEA says U.S.-China trade tensions could hit humming global growth, oil demand
Escalating trade tension between the United States and China could lop off a chunk of global economic growth and curtail oil demand this year, the International Energy Agency said on Friday. Source: FuelFix
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Iraq said to delay oil auction over late contract tweets
Iraq delayed an international auction of rights to 11 of its oil and natural gas deposits, pushing back the bidding date after introducing changes to the contract, according to people familiar with the matter. Source:...
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Gasoline prices hit highest point in three years
Gasoline prices rose Thursday to their highest levels since the summer of 2015 as the national average hit $2.68 for a gallon of regular unleaded. Source: FuelFix
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Saudi chemicals company undeterred by threat of U.S.-China trade war, CEO says
The threat of trade war between the United States and China – potentially the world’s fastest growing buyer of liquefied U.S. shale gas and petrochemical products – hasn’t deterred Saudi Arabia’s chemical company from investing...
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OPEC sees tighter oil market as oil output drops
OPEC said its oil output fell to the lowest in a year last month amid reduced supplies from Venezuela and Saudi Arabia, suggesting global markets may tighten sharply later this year. Source: FuelFix
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