Archives for 2018
Oil trades near four-year high as U.S. raises pressure on OPEC
Oil traded near a four-year high as the U.S. urged OPEC to raise production amid growing alarm that American sanctions against Iran will squeeze global markets. Source: FuelFix
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Trump’s request for OPEC to max out oil production may backfire
If OPEC is the central bank of oil, then the Trump administration is commanding it to run the printing presses at full speed. Source: FuelFix
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Noble Midstream enters West Texas pipeline partnership
A Houston oil and gas pipeline and storage company has formed a partnership to build a crude oil pipeline system in the Permian Basin. Source: FuelFix
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Crude inventories jump; oil falls
Crude inventories rose sharply last week, helping to push oil prices from their recent four year highs. Source: FuelFix
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Trace Midstream Partners secures equity commitments for Eagle Ford project
Trace Midstream Partners on Wednesday announced that it has received $200 million in equity commitments from Houston private equity firm Quantum Energy Partners and other private investors. Source: FuelFix
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