Archives for 2019
OPEC agrees to extend output cuts into 2020 as demand ebbs
OPEC will extend production cuts into 2020 as the world’s leading oil exporters fret about a weakening outlook for global demand growth and the relentless rise in output from America’s shale fields. Source: FuelFix
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The streak of lower gas prices is over
The streak of falling gasoline prices is over: Houston drivers will pay roughly 6 cents more at the pump as prices across the country rebounded in response to higher oil prices. After six straight weeks...
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Renawables' share of U.S. energy fell in 2018, EIA says
The share of U.S. energy coming from renewable sources like wind farms and hydroelectric dams fell off in 2018, the U.S. Energy Information Administration reported Monday. Source: FuelFix
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Two killed, one injured at Shell deepwater platform
Two workers were killed and another seriously injured during a training exercise gone wrong at Royal Dutch Shell’s Auger platform in the deepwater Gulf of Mexico. Source: FuelFix
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Oil jumps as OPEC+ signals extended cuts, U.S.-China hit pause
Oil surged to a five-week high in New York after Saudi Arabia and Russia signaled an extension of OPEC+ output cuts and a U.S.-China agreement to restart trade talks improved the demand outlook. Source: FuelFix
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