Archives for October 2019
Are Russia and Saudi Arabia still pumping too much oil?
This year, the oil market has faced some of the worst supply disruptions in recent times and yet prices remain stuck in the $60s. Source: FuelFix
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Oil steady after 6-day slide amid tighter supply, demand fears
Oil steadied after sliding for six days in a row as signs of tighter supply in the U.S. and OPEC jostled with ongoing concern that a fragile global economy is eroding fuel demand. Source: FuelFix
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Houston firm Classic Energy fined $1.5 million for illegal trades
A Houston energy investment firm has been fined $1.5 million by the U.S. Commodity Futures Trading Commission for trading against its own customers. Classic Energy LLC, which has office in Houston’s West End neighborhood, is alleged...
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Texas wakes up to series of earthquakes
From the Dallas-Fort Worth Metroplex to the edge of the Panhandle, the Lone Star State woke up to series of three earthquakes. Source: FuelFix
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Linn Energy successor Roan Resources sold for $230 million
A successor of one of Houston’s biggest bankruptcy collapses during the last oil bust is being sold for about $230 million. Source: FuelFix
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