Archives for 2018
Texas loses 4 rigs; U.S. loses 1
Texas lost four drilling rigs last week to end with 533 active drilling rigs while the U.S. lost one. Source: FuelFix
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Magellan may try to build own VLCC-capable Texas terminal
Magellan Midstream Partners may try to build its own crude oil export terminal capable of loading some of the world’s largest tankers on the same island where a similar project is moving forward. Source: FuelFix
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Chevron's $4 billion profit doubles last year's result
California energy giant Chevron reported a $4 billion quarterly profit that more than doubled its result last year of just less than $2 billion. Source: FuelFix
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Oil set for worst week since February as supply fears subside
Oil headed for the biggest weekly loss since February as the U.S. softened its crackdown on Iranian exports and American supplies surged, assuaging fears of an impending shortage. Source: FuelFix
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Exxon Mobil touts $6.2 billion profit
U.S. energy leader Exxon Mobil touted a $6.24 billion quarterly profit Friday that surged 57 percent from a year ago and 58 percent from the second quarter of this year. Source: FuelFix
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