Archives for May 2019
New Houston oil firm partners with KKR on Permian
New Houston energy startup Spur Energy Partners said it will partner with the private equity firm KKR & Co. for financing to develop oil and gas acreage in the booming Permian Basin. Source: FuelFix
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Oil drops as U.S. stockpile report counters supply risk in Gulf
Oil fell as an industry report signaling a jump in U.S. stockpiles eased concerns over a supply crunch, even after a drone attack in Saudi Arabia highlighted the vulnerability of the country’s energy infrastructure. Source:...
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Surge of new Permian Basin oil to feed global supply
Exports of the Permian Basin’s newest kind of oil are set to jump as production surges, exceeding the appetite of U.S. refiners. Source: FuelFix
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IEA cuts oil-demand forecast, but sees market tightening on Iran
Global oil demand will grow more slowly than previously thought following an economic lull in Asia, the International Energy Agency said, while warning that supplies stand to tighten due to U.S. sanctions on Iran. Source:...
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