Archives for June 2019
Rig count falls again as oil prices sputter
The number of operating oil and gas rigs in the country fell to its lowest level since early 2018 as crude prices hover below $53 a barrel. Source: FuelFix
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Utility power savings incentives for businesses growing in popularity
More companies are participating in demand response programs with their utility companies that provide financial incentives to reduce electricity use during peak times. Source: FuelFix
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Oil supply to swamp demand, squeeze OPEC in 2020, IEA says
Global oil supplies will increase far more than demand next year with the start of a host of new projects, putting further pressure on the OPEC cartel, the International Energy Agency said. Source: FuelFix
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Oil tanker insurance costs to jump after Gulf attacks
Oil tanker owners are turning increasingly nervous about loading cargoes from the world’s largest export region for crude after the latest round of attacks on vessels. Source: FuelFix
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Oil set for weekly loss as demand fears eclipse Mideast tension
Oil headed for a weekly decline as the tanker attacks in the Middle East were overshadowed by a deepening trade war and swelling U.S. stockpiles. Source: FuelFix
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