Archives for July 2019
Oil trades near $60 on storm disruption as glut concerns linger
Oil traded near $60 a barrel after a storm shut almost three-quarters of U.S. Gulf of Mexico crude production, even as lingering demand concerns continue to dent the outlook. Source: FuelFix
Click here 0 1,555
Exxon’s loss in a European court may be a gain for carbon market
Exxon Mobil Corp.’s loss in a court case in Europe may translate into a gain for carbon prices in the continent’s emissions trading system. Source: FuelFix
Click here 0 1,402
Houston oil executive gets 18 years in prison for defrauding investors
Daniel Walsh was sentenced to state prison for defrauding investors who thought they were paying for the drilling and testing of wells — but instead paid his mortgage. Source: FuelFix
Click here 0 1,390
West Texas' Permian leads rig count drop
Another sign that activity in the booming Permian Basin has at least plateaued for now, the prolific basin in West Texas lost six active drilling rigs last week. Source: FuelFix
Click here 0 1,506
Oil surplus makes surprise return despite OPEC cuts, IEA says
Global oil stockpiles swelled surprisingly in the first half of this year as production cuts by OPEC and its partners failed to prevent the return of a surplus, the International Energy Agency said. Source: FuelFix
Click here 0 1,442
