Archives for 2018
U.S. producing even more light crude oil
Growing U.S. crude oil production is getting lighter, continuing a trend set off by the shale oil and gas drilling boom that began a decade ago. Source: FuelFix
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Covestro to invest $1.7b to expand Baytown chemical plant
Covestro, an adhesive manufacturing company headquartered in Germany, said it would invest $1.7 billion (1.5 billion euros) in expanding a Baytown plant Source: FuelFix
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IEA urges OPEC to open the taps as oil market enters 'red zone'
The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output, warning that high prices are inflicting damage on the global economy. Source: FuelFix
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Trump heading to Iowa, dangling ethanol announcement
Anticipation is building around President Donald Trump’s visit to Iowa on Tuesday. After months of hinting that he would lift restrictions limiting the sales of E-15 – a type of gasoline with a higher concentration...
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Oil rises as storm halts output while IEA warns of supply crunch
Crude rose as storm Michael strengthened and shut some U.S. oil output, while the International Energy Agency called on producers to pump more as the market is “entering the red zone.” Source: FuelFix
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