Archives for 2019
Oil steadies near $55 as demand fears mix with tighter supply
Oil steadied near $55 a barrel in New York as persistent concerns over slowing demand jostled with expectations that U.S. crude stockpiles will continue to tighten. Source: FuelFix
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Australia poised to become world's largest LNG exporter
Within the next 12 months Australia is likely to surpass Qatar as the world’s largest exporter of liquefied natural gas, the Energy Information Administration is forecasting. Source: FuelFix
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New price adders boosting electricity prices in Texas
Wholesale electricity prices peaked at $6,500 per megawatt hour Monday afternoon in Houston, reflecting triple-digit temperatures that strained capacity and triggered price adders that were boosted by Texas regulators earlier this year. Source: FuelFix
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Interior rolls back endangered species protections, in boon for oil companies
The Trump administration pulled back some longstanding federal protections for wildlife under threat of extinction Monday, in a move that could expand oil and gas drilling and other development across America’s wilderness. Source: FuelFix
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Halliburton lands nine contracts for offshore project in West Africa
Houston oilfield service company Halliburton has landed nine contracts to drill and complete a series of wells off the coast in West Africa. Source: FuelFix
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