Archives for March 2019
Oil holds near $60 as U.S. stockpiles plunge, Saudis cut supply
Oil held near a four-month high after U.S. crude inventories plunged by the most since July, while Saudi Arabia pressed on with export cuts. Source: FuelFix
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CO2 emissions to hold steady as nation shifts from coal to natural gas
Carbon dioxide emissions stemming from power generation are expected to remain near current levels for the next three decades. Source: FuelFix
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Interior reports offshore lease sale doubled from 2018
Oil companies are piling into the Gulf of Mexico once again, according to federal leasing data. An offshore lease sale held in New Orleans Wednesday drew $244.3 million in winning bids, almost double what a...
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Nuevo Midstream enters deal to buy Eagle Ford Shale assets
Houston pipeline operator Nuevo Midstream has entered into a deal to buy Eagle Ford Shale pipeline operator Republic Midstream. Source: FuelFix
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Crude prices boosted by oil inventories plunge
Commercial crude oil stockpiles plunged by almost 10 million barrels last week, creating more bullish news for oil prices that have risen to their highest values since November. Source: FuelFix
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