Archives for October 2019
Oil declines as Saudis boost output, China balks at trade truce
Oil slid the most in two weeks after Saudi Arabia boosted crude output by more than a million barrels a day against the backdrop of renewed worldwide trade woes. Source: FuelFix
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Marathon Peteroleum announces leadership changes, plans to spin off Speedway gas stations
Ohio refining company Marathon Petroleum is making changes to its leadership and is seeking to spin off nearly 4,000 Speedway gas stations as separate and publicly traded company. Source: FuelFix
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Keystone pipeline shuts after oil spill in North Dakota
The Keystone crude oil pipeline was shut following a spill in North Dakota, the third along the pipeline’s route in less than three years, roiling Canadian and U.S. oil markets. Source: FuelFix
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Wind spending shifts to maintenance/operations as federal tax credits expire
A surge in new wind farms before federal tax credits expire is expected to boost the amount of money that will be spent on wind power operations and maintenance, according to a new report. Source:...
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Shell warns of weak economic outlook despite bumper profit
Royal Dutch Shell Plc said the worsening economy could slow the pace of returns to shareholders, overshadowing a strong third-quarter trading performance that yielded bumper profits. Source: FuelFix
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