Archives for September 2019
Oil rises as falling U.S. stockpiles offset Bolton’s ouster
Oil rose as industry data showed a decline in American stockpiles, countering speculation that the ouster of U.S. National Security Adviser John Bolton may lead to a less hawkish approach on Iran and Venezuela. Source:...
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Natural gas-fueled electricity is replacing coal, oil in Florida
Florida is relying more on natural gas-fired electric generation for its power supply while depending less on coal and petroleum liquids. Source: FuelFix
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Baker Hughes to become independent again in stock sale
Boston industrial conglomerate General Electric will lose its majority ownership of Houston oilfield service company Baker Hughes in a planned stock sale. Source: FuelFix
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Fuel prices fall to their lowest since March
Fuel prices fell by another 5 cents per gallon last week in the Houston area, bringing gasoline costs to their lowest levels since March. Source: FuelFix
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He paid $1.50 an acre for barren Texas land now worth $7 billion
So much of the Permian Basin is under production that the lights glowing at night, on well pads and rigs and double-wide trailers, make the place look in NASA satellite photos like a giant Lite...
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