Archives for 2018
Oil trades near 4-year high as Iran export drop stokes concerns
Oil traded near the highest level in almost four years as investors grapple with doubts over OPEC’s ability to replace falling exports from Iran. Source: FuelFix
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Russian oil output rises to record as OPEC cuts rolled back
Russia’s oil production rose to a post-Soviet high last month as the country completely rolled back the output cuts it had agreed on with OPEC, then pumped some more. Source: FuelFix
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Citi sees looming glut taking U.S. oil discount to 2013 lows
Citigroup Inc. has a warning for U.S. oil investors: American crude prices may tumble to the steepest discount against global benchmark Brent since 2013. Source: FuelFix
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ConocoPhillips sells East Timor stake for $350 million
ConocoPhillips said Monday it is selling its stake in East Timor’s Greater Sunrise gas field back to the government for $350 million. Source: FuelFix
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Raymond James: International rig count to hit 1,100 by 2020
A new report says the non-U.S. rig count could rebound and break 1,100 by 2020. Source: FuelFix
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