Archives for 2018
Iran sanctions could spell uncertainty for oil and gasoline prices
The resumption of U.S. sanctions on Iran will add “significant uncertainty” to price forecasts for crude oil and gasoline in 2019, U.S. Energy Department said Wednesday. Source: FuelFix
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CenterPoint pipeline business buying Velocity Midstream for $442M
CenterPoint Energy’s pipeline company continues to expand nationwide, agreeing to acquire Oklahoma’s Velocity Midstream for more than $440 million. Source: FuelFix
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Drowning in cash, Big Oil’s biggest challenge is how to spend it
Investors will be reading the third-quarter tea leaves to discern whether executives plan to boost dividends and buybacks, hike spending on shiny new mega projects, or perhaps even do both. Source: FuelFix
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Brent extends loss on Saudi supply pledge, likely stockpile gain
Brent crude extended losses from the lowest close in almost two months as Saudi Arabia pledged to offset any supply shortfalls and U.S. stockpiles were said to have risen. Source: FuelFix
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Opinion: Oil’s rally isn’t over yet
While rising crude and falling emerging-market currencies over the past year have led to signs of oil-shock conditions in some countries, demand is still remarkably resilient. Source: FuelFix
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