Archives for 2018
EnerVest business filing for bankruptcy to restructure
The publicly traded business of Houston energy investment firm EnerVest plans to file for bankruptcy to restructure and reduce its debt. Source: FuelFix
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Statoil changing name to Equinor
Norwegian energy company Statoil said Thursday it plans to change its name to “Equinor” to reflect an evolving business that’s much more than just oil. Source: FuelFix
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Iran hawk Pompeo could be good for oil prices
The president’s decision to nominate CIA Director Mike Pompeo as Secretary of State to replace the former Exxon Mobil Corp. chief executive may have big ramifications for the crude market. Source: FuelFix
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U.S. crude inventory gain offset by product decline
U.S. commercial crude inventories grew by 5 million barrels last week, but the increase — the second in two weeks — was again offset by declining inventories in other petroleum products. Source: FuelFix
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OPEC finds supply again outstripping demand
OPEC for the first time is forecasting that new oil supplies from its rivals will exceed growth in demand this year as the U.S. industry thrives. Source: FuelFix
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