Archives for July 2019
Oil gains as Fed meeting and trade talks buoy demand outlook
Oil rose as expectations that the Federal Reserve will cut interest rates and the resumption of trade talks between the U.S. and China shored up the outlook for fuel demand. Source: FuelFix
Click here 0 1,617
Venezuela faces the loss of Citgo – and desperately needed dollars
Venezuela could lose its largest U.S. asset after a court allowed a Canadian gold miner to seize shares of Citgo Petroleum Corp.’s parent to satisfy an arbitration award. Source: FuelFix
Click here 0 1,623
National Oilwell Varco posts nearly $5.4 billion loss during second quarter
Houston oilfield service company National Oilwell Varco reported a multibillion loss during the second quarter amid what executives are calling a “generational oilfield downturn.” Source: FuelFix
Click here 0 1,666
Three consecutive quarters of losses for McDermott International
Houston oilfield service company McDermott International grew its revenue during the second quarter but ended up posting its third quarter in a row of losses following the sale of one its subsidiaries. Source: FuelFix
Click here 0 1,707
Senators agree to spend billions on electric car infrastructure
Republican and Democratic senators are moving to pump billions of dollars in federal funding into building electric car charging stations and other infrastructure for low-emission vehicles. Source: FuelFix
Click here 0 1,629
