Archives for December 2019
Exxon Mobil secures large exploration position offshore Egypt
Exxon Mobil said Monday it secured a large exploration position offshore of Egypt as the United States’ largest energy player expands its role in developing oil and gas resources in the Eastern Mediterranean. Source: FuelFix
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Fuel prices rise for first time in two months
Fuel prices rose last week for the first time in several weeks, but that doesn’t mean gasoline costs are back on the rise for long. Source: FuelFix
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Hedge funds stay bullish on oil amid trade truce, OPEC+ cuts
Hedge funds are approaching the end of the year more optimistic on global oil prices than they’ve been since May. Source: FuelFix
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Oil holds near 3-month high as U.S. crude stockpiles shrink
Oil traded near the highest close in over three months after U.S. crude stockpiles declined more than expected, easing oversupply concerns. Source: FuelFix
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Texans paid 9.6 cents per kilowatt hour for power in August
The average retail price of electricity Texans paid in August jumped to 9.6 cents per kilowatt hour, reflecting triple-digit temperatures and record-setting wholesale power prices. Source: FuelFix
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