Archives for 2018
Oil slumps again to one-year low as Saudis signal record output
Oil slumped to the lowest in a year after Saudi Arabia signaled its output may have reached a record high and growing U.S. stockpiles stoked concerns over a potential supply glut. Source: FuelFix
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Global oil benchmarks extend slide on bearish technical signals
Oil prices mired in a bear market are continuing their declines as bearish technical indicators signal further pain. . Source: FuelFix
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Drilling Permits:Sanchez Energy to drill new Eagle Ford wells as stock falls below $1
Houston-based Sanchez Energy is preparing to drill 13 new wells in the Eagle Ford Shale just as its stock started trading below $1 per share and natural gas prices hit near-three-year highs. Source: FuelFix
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Chevron announces first oil from Big Foot deepwater project in Gulf of Mexico
Chevron announced that its Big Foot deepwater project in the American water of the Gulf of Mexico has started crude oil and natural gas production. Source: FuelFix
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Rig count falls in week that oil prices take another beating
The number of operating drilling rigs in the country fell during a short week in which oil prices continued to take a beating. Source: FuelFix
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