Archives for 2018
Gasoline prices drop another 7 cents in a week
Falling crude oil prices and a seasonal dip in fuel demand combined to push gasoline prices down another 7 cents in the Houston area last week. Source: FuelFix
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Oil pares bear-market collapse on prospect of OPEC curbs in 2019
Oil climbed after a record run of losses as Saudi Arabia said OPEC and its allies should rein in output, with the kingdom itself reducing shipments by about 500,000 barrels a day. Source: FuelFix
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In OPEC heartland, billions are spent to boost oil capacity
OPEC members may be weighing oil production cuts again, worried that a slowing global economy will undermine prices, but in the group’s Middle East heartland producers are spending billions to add output capacity for the...
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Saudis see need for major oil supply cut as fears of a glut grow
Saudi Arabia said OPEC and its allies should reverse about half the increase in oil output they made earlier this year as fears of shortages are supplanted by concerns about oversupply and collapsing prices. Source:...
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UT: Oil and gas water disposal linked to more earthquakes
A new study by the University of Texas strengthens the links between earthquakes and the disposal of wastewater from oil and gas operations deep underground. The study found that the depth of wells drilled for...
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