Archives for May 2019
Oil heads for biggest monthly slump this year on trade-war fears
Oil headed for its biggest monthly slump this year as fears that the U.S.-China trade war will hurt demand overshadowed concern over rising political tensions in the Persian Gulf. Source: FuelFix
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Worldwide renewable energy prices drop
The cost of renewable energy worldwide fell to a record low last year and is expected to continue to decline over the next decade. Source: FuelFix
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Icahn challenges Oxy’s ‘hugely overpriced’ Anadarko deal
Activist investor Carl Icahn launched a lawsuit against Occidental Petroleum with the goal of potentially seeking board seats and a sale of the company. Source: FuelFix
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Milestone starts construction on Permian Basin landfill
Houston oilfield waste company Milestone Environmental Services has started construction on a new landfill in one of the busiest areas of the Permian Basin. Source: FuelFix
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Crude inventories show small dip, but less than expected
The nation’s stockpiles of commercial crude oil fell by about 300,000 barrels last week, but the dip was less than industry analysts had projected. Source: FuelFix
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