Archives for 2019
More than half of Gulf oil production offline because of Barry
Well more than half of the oil production in the Gulf of Mexico is now offline because of safety concerns regarding Tropical Storm Barry. Source: FuelFix
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Trump defends refinery waivers by noting expanded ethanol sales
Donald Trump has cited his move to allow year-round sales of high-ethanol gasoline as farmers pressure him to dial back decisions to exempt oil refineries from biofuel-blending mandates, signaling the president sees the two issues...
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OPEC sees new oil surplus in 2020 as U.S. shale keeps surging
A week after OPEC agreed to keep oil production restrained until early next year, the group’s first forecasts for 2020 showed it faces an even longer and tougher challenge. Source: FuelFix
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Oil rises to seven-week high on Gulf storm, U.S. stockpile draw
Oil extended gains after closing at a seven-week high as a third of the Gulf of Mexico’s crude output was halted by a storm and U.S. crude inventories declined more than expected. Source: FuelFix
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U.K. navy intervenes after Iran tries to stop British oil tanker
The British navy intervened to stop Iran from blocking a commercial oil tanker leaving the Persian Gulf, heightening friction just as European nations scramble to salvage a landmark nuclear accord with the Islamic Republic. Source:...
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