Archives for 2019
Oil surplus makes surprise return despite OPEC cuts, IEA says
Global oil stockpiles swelled surprisingly in the first half of this year as production cuts by OPEC and its partners failed to prevent the return of a surplus, the International Energy Agency said. Source: FuelFix
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The shale boom in the Permian is slowing
The promise of the Permian is shrinking. Producers in the nation’s oil-rich shale basins are dialing back growth plans in the face of a growing panoply of problems that’s killing returns, and keeping skeptical investors...
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Oil heads for weekly gain as supply risks buoy fragile market
Oil headed for a weekly increase as a storm in the Gulf of Mexico and simmering Middle East tensions supported the market, though the outlook remained clouded by concerns of a renewed surplus. Source: FuelFix
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Houston company buys investment portfolio of roof-top solar projects
Spruce Finance of Houston, an owner and operator of solar generation facilities, announced it acquired nearly 2,200 residential solar systems totaling 12.1 megawatts. Source: FuelFix
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Anadarko sets August shareholder vote on Oxy takeover
Shareholders of Anadarko Petroleum will get to vote Aug. 8 on whether to approve the pending $38 billion acquisition of The Woodlands oil and gas producer by Occidental Petroleum. Source: FuelFix
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