Archives for October 2019
Ted Cruz to Trump: Don't let Citgo fall into Russian hands
U.S. Sen. Ted Cruz and six other members of Congress are asking President Donald Trump to avoid a situation that could put the Houston refining company Citgo in Russian hands. Source: FuelFix
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U.S. rig count adds one as Permian picks up
The Permian Basin helped to stave off further declines in the U.S. oil and rig count this week. Source: FuelFix
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Oil climbs to $60 as Iran tanker attack reignites Mideast risk
Oil jumped to $60 a barrel after reports of missile strikes on an Iranian tanker off the coast of Saudi Arabia reignited fears over military escalation in the world’s most important crude-producing region. Source: FuelFix
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Equinor to build first offshore floating wind to power oil and gas operations
Equinor said Friday it will build the first-ever offshore floating wind development designed to power its oil and gas platforms off the coast of Norway. Source: FuelFix
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IEA cuts oil-demand outlook as economy eclipses Saudi attack
The International Energy Agency cut forecasts for growth in global oil demand, noting that fears of an economic slowdown are overshadowing the loss of supply during last month’s attack on Saudi Arabia. Source: FuelFix
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