Archives for 2018
Crude back below $60 a barrel
Crude dropped below $60 a barrel for the first time this year as the worst collapse in equities in years compounded concern that unprecedented supply growth from U.S. oil fields will overwhelm demand Source: FuelFix
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Congressional budget deal includes carbon capture funding
The Congressional budget deal passed early Friday morning includes funding for technology known as carbon capture, a method of altering fossil fuel emissions that could be developed to stem the effects of climate change. Source:...
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Strategic oil reserve would fall by half under budget deal
The U.S. is poised to sell half of its emergency oil reserves to help pay its bills, something critics say defies the reason the stockpile was created decades ago as a hedge against supply disruptions....
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Cheniere Energy strikes LNG export deals with China
Cheniere Energy announced Friday that it has struck two long-term deals to sell liquefied natural gas to China’s state-controlled oil and gas giant. Source: FuelFix
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Team Inc. expands board for activist investor
Sugar Land’s Team Industrial Services is expanding its board membership to satisfy an activist hedge fund investor that forced the ouster of its chief executive last year. Source: FuelFix
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