Archives for October 2019
Saudi Arabia denies involvement in Iran tanker attack in Red Sea
Saudi Arabia said it had no involvement in Friday’s attack on an Iranian oil tanker in the Red Sea that caused a spike of more than 2% in crude prices. Source: FuelFix
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One month after worst oil-supply halt, Aramco says all clear
In the early hours of a sweltering Saturday in September, a volley of missiles pierced the heart of Saudi Arabia’s oil industry, knocking out 5% of global production. A month later, it’s as if the...
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Oil drops after biggest gain in a month as trade optimism ebbs
Oil slid after surging the most in almost a month on Friday amid doubts that recent progress in the U.S.-China trade talks will compensate for a worsening global demand outlook. Source: FuelFix
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ConocoPhillips sells Australia assets for $1.4 billion
ConocoPhillips said it will sell most of its Australia business for $1.4 billion to the Australian firm Santos Ltd. as the Houston oil and gas producer continues to shift its focus back to North America....
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Drilling Down: Sanchez Energy drilling way out of Chapter 11
Houston oil company Sanchez Energy appears to be drilling its way out of Chapter 11 bankruptcy. Source: FuelFix
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