Archives for 2018
API urges offshore drillers to use automatic shutoff valves
Offshore oil and gas drillers need to take greater caution to protect against spills during disruptions like hurricanes and power outages, the American Petroleum Institute recommended in new standard released Thursday. Source: FuelFix
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Russian oil may gain a lot by giving a little on OPEC U-turn
Russia’s oil industry is feeling the pressure of a possible return of production caps. In fact, by sacrificing a fraction of output, the companies could see their stocks rise. Source: FuelFix
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Oil rises after eight days of losses as OPEC considers cuts
Oil gained after an eight-day losing streak in New York as OPEC was said to consider cutting output again, offsetting concerns that crude is continuing to pile up in the U.S. West Texas Intermediate futures...
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OPEC now talking about moves to support oil prices
The wind changed again in a stormy oil market as OPEC signaled it will consider a return to cutting output next year, potentially making the second production U-turn this year. Source: FuelFix
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Marathon Oil reports $254 million profit
Marathon Oil reported a $254 million net profit in the third quarter that swung up from a nearly $600 million loss during the same quarter last year. Source: FuelFix
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