Archives for 2018
Rice University report: 'One-off' fixes for plastic waste aren't helpful
The oil industry often points to plastics – and the petrochemicals behind them – as key to supporting future demand for oil in the face of flattening demand for gasoline. But plastic trash poses an existential...
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Transocean closes Ocean Rig acquisition
Offshore driller Transocean closed Wednesday on its nearly $3 billion acquisition of the smaller rival Ocean Rig. Source: FuelFix
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U.S. coal consumption falls to lowest level since 1970s
According to a report from the U.S. Energy Information Administration, the United States will likely burn through 691 million short tons of coal this year, the lowest level since 1979 and a 39 percent drop...
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Oil advances while Al-Falih says OPEC deal remains unresolved
Oil steadied following the biggest two-day gain since June as investors weigh whether OPEC and its allies will cut production in meetings in Vienna this week. Source: FuelFix
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Analyst: Global oil demand will 'plateau, not peak' in about 15 years
Population growth and rising demand for plastics from emerging countries will help to prevent oil from peaking in the next 15 years, a new analysis from RS Energy Group suggests. Source: FuelFix
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