Archives for 2018
Oil extends longest quarterly rally in a decade on supply risks
Oil extended gains in London after the longest quarterly rally in a decade as a slowdown in American drilling added to concern that supply losses around the world will lead to a tight market. Source:...
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Houston gas prices rise as oil markets strengthen
Gasoline prices in Houston and across the country rose last week alongside crude oil prices, and further increases are expected as the U.S. prepares to impose additional sanctions on Iran. Source: FuelFix
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Solar energy now mainstream power source
Solar energy-produced electricity is poised to grow exponentially as solar panels get cheaper to install, more efficient batteries are developed to store the sun’s energy and investors are pouring money into an increasingly reliable energy...
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Texas' Permian Basin loses two drilling rigs
Texas lost two drilling rigs over the last week, both in the high-producing Permian Basin oil field of West Texas. Source: FuelFix
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Texas' Exxon Mobil wins more offshore acreage in Brazil
Irving-based Exxon Mobil has won tens of thousands of more acres in the latest round of bidding for Brazil’s offshore oil and gas reserves. Source: FuelFix
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