Archives for June 2019
Oil surges after Iran downs U.S. drone and Fed signals rate cut
Oil rose after Iran said it shot down a U.S. spy drone in its airspace, stoking Middle East tensions further after the attack on two tankers last week, while a more dovish stance from the...
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Iran says it shot down U.S. drone as regional tensions soar
Iran said it shot down a U.S. drone near the entrance to the Persian Gulf, escalating tensions in a region that’s been on the brink of a military confrontation for weeks. Oil prices surged. Source:...
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Phillips 66 seeks to build offshore crude oil export terminal near Corpus Christi
Houston oil giant Phillips 66 is seeking permission to build an offshore crude oil export terminal east of Corpus Christi. Source: FuelFix
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Trump's biggest move to end ‘War on Coal’ won't rescue the industry
President Donald Trump is scaling back sweeping Obama-era curbs on greenhouse gas emissions from power plants burning coal, his biggest step yet to fulfill his campaign promise to stop a “war” on the fossil fuel....
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Crude prices finally see relief with inventories decline
Oversupplies of domestic crude oil finally saw some relief last week with commercial crude stocks falling by more than 3 million barrels, the U.S. Energy Department said Wednesday. Source: FuelFix
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