Archives for 2019
Apache posts $360M loss after Permian slowdown
Apache Corp. reported a $360 million quarterly loss after intentionally slowing down its output in the Permian Basin because of weak pricing and temporary pipeline shortages. Source: FuelFix
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Right-wing groups ask Trump not to intervene with Citgo
A bevy of right-wing groups are asking the Trump administration not to intercede on behalf of the Venezuelan opposition government to keep Citgo Petroleum from being seized and auctioned. Source: FuelFix
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Shell announces PowerNap expansion in the Gulf of Mexico
Royal Dutch Shell said Thursday it will develop its “PowerNap” discovery in the Gulf of Mexico as an expansion from an existing deepwater platform. Source: FuelFix
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Shell profit misses as slowing economy hurts gas, chemicals
Royal Dutch Shell Plc got caught into the same earnings trap as many of its peers, reporting second-quarter earnings that fell well short of expectations as the slowing global economy hit everything from natural gas...
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Oil slides as dollar strengthens after fed’s cautious rate cut
Oil retreated from a two-week high after the Federal Reserve said its interest rate cut was an isolated move, boosting the dollar and dimming demand for commodities priced in the U.S. currency. Source: FuelFix
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