Archives for 2018
Oil industry gets mixed inventory numbers ahead of Thanksgiving
Facing the lowest commodity prices in a year, crude inventories are up but gasoline while refined product inventories are down. Source: FuelFix
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Oil rebounds from one-year low as U.S. crude stockpiles drop
Oil recovered from a one-year low as industry data showing a drop in U.S. crude inventories allayed some of the concern that a new surplus is amassing in global markets. Source: FuelFix
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Saudi oil production surges to record in early November
Saudi Arabian oil production surged to a record near 11 million barrels a day this month after the kingdom received stronger-than-usual demand from clients preparing for a disruption in Iranian supplies, according to industry executives...
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McDermott wins contract for offshore natural gas pipeline project in Brazil
Brazil’s state-owned oil company Petrobras has awarded a contract to Houston-based McDermott International Inc. to build the final leg of an offshore natural gas pipeline near Rio de Janiero. Source: FuelFix
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Texas Is about to create OPEC's worst nightmare
The map lays out OPEC’s nightmare in graphic form. An infestation of dots, thousands of them, represent oil wells in the Permian basin of West Texas and a slice of New Mexico. Source: FuelFix
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