Archives for 2019
Perry says Trump prepared to tap oil reserve after Saudi attack
President Donald Trump has authorized the release of crude from the Strategic Petroleum Reserve if supply shortages develop following the attack on oil facilities in Saudi Arabia, Energy Secretary Rick Perry said Monday. Source: FuelFix
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Fuel prices fall again, but spike could loom after Saudi attack
Prices at the pump fell again last week, but a spike could loom in the days ahead following the attack on Saudi Arabia’s oil supplies. Source: FuelFix
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Exxon Mobil announces new Guyana discovery as first production looms
Exxon Mobil said Monday it made another discovery offshore of Guyana, increasing its potential resource base as first production looms in early 2020. Source: FuelFix
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Oil spikes 10% on Saudi attack, heightened tensions with Iran
Crude oil prices spiked by more than 10 percent worldwide for the biggest jump in years Monday morning after Saudi Arabia’s oil supplies were attacked Saturday amid heightening geopolitical tensions with Iran. Source: FuelFix
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Aramco less optimistic on pace of oil output recovery
Saudi Aramco officials are growing less optimistic that there will be a rapid recovery in oil production after the attack on the giant Abqaiq processing plant, a person with knowledge of the matter said. Source:...
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