Archives for May 2019
Oil rises as OPEC signal on output curbs counters trade risk
Oil rose on signs OPEC and its allies will extend production cuts beyond June, while a steadily deteriorating U.S.-China trade relationship kept prices from pushing higher. Source: FuelFix
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Feds give Cameron LNG permission to begin commissioning cargoes
Federal regulators have given Cameron LNG permission to start exporting liquefied natural gas made during the plant’s weeks-long startup process. Source: FuelFix
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USGS confirms four earthquakes in the Eagle Ford Shale
The U.S. Geological Survey has confirmed that four low-magnitude earthquakes have taken place over the past two weeks in the Eagle Ford Shale of South Texas. Source: FuelFix
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NRG buys another power retailer
The Texas retail electricity market just shrunk again with the announcement that NRG Energy, the Houston and New Jersey based power company, is buying the retail power and natural gas business of Dallas-based Stream Energy...
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Venezuelan crude production falls to lowest level in 16 years
Amidst a growing political crisis and international pressure, Venezuela’s oil production fell to 830,000 barrels a day last mont, the lowest level since 2003, according to the U.S. Energy Information Administration. Source: FuelFix
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