Archives for July 2019
Trump defends refinery waivers by noting expanded ethanol sales
Donald Trump has cited his move to allow year-round sales of high-ethanol gasoline as farmers pressure him to dial back decisions to exempt oil refineries from biofuel-blending mandates, signaling the president sees the two issues...
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OPEC sees new oil surplus in 2020 as U.S. shale keeps surging
A week after OPEC agreed to keep oil production restrained until early next year, the group’s first forecasts for 2020 showed it faces an even longer and tougher challenge. Source: FuelFix
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Oil rises to seven-week high on Gulf storm, U.S. stockpile draw
Oil extended gains after closing at a seven-week high as a third of the Gulf of Mexico’s crude output was halted by a storm and U.S. crude inventories declined more than expected. Source: FuelFix
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U.K. navy intervenes after Iran tries to stop British oil tanker
The British navy intervened to stop Iran from blocking a commercial oil tanker leaving the Persian Gulf, heightening friction just as European nations scramble to salvage a landmark nuclear accord with the Islamic Republic. Source:...
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Tellurian, Total finalize big LNG deal
Tellurian Inc. is edging closer toward a final investment decision on its Louisiana liquefied natural gas terminal after finalizing a deal with Total SA this week to increase the French oil major’s investment in the...
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