Archives for 2019
OPEC output rises for first time since start of 2019 cuts
OPEC’s crude production rose last month, the first increase since the group and its allies started a new round of output cutbacks at the start of the year to shore up a weak global market....
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Saudi Energy Ministry split sees oil policy continue unchanged
The Saudi decision to shrink the energy ministry will leave the kingdom’s oil policy unchanged as the world’s largest crude exporter continues cutting output to balance markets, a person with knowledge of the matter said....
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Energy Transfer seeks five-year extension to build Lake Charles LNG export terminal
Dallas pipeline operator Energy Transfer is asking federal regulators for a five-year extension to build the company’s proposed Lake Charles LNG export terminal. Source: FuelFix
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West Texas' Permian Basin leads yet another rig count dip
Another week and there’s yet another dip in the active drilling rig count. The nationwide rig count fell by 12 active rigs to bring the nationwide total tally down to 904 rigs. Source: FuelFix
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Oil heads for biggest weekly gain in seven on trade war optimism
Oil headed for its biggest weekly increase since mid-July after a sizable drop in American crude inventories and an apparent pause in U.S.-China trade hostilities eased demand fears. Source: FuelFix
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