Archives for 2019
OPEC keen to extend cut, Russia is circumspect: Reality check
For an OPEC+ meeting in which the key decision over an output-cut extension is supposedly “in the bag,” according to Saudi Arabia’s Energy Minister Khalid Al-Falih, Monday’s gathering in Vienna could be as closely watched...
Click here 0 3,072
Oil set for best month since January before crucial meetings
The U.S.-Iran standoff and falling American stockpiles have propelled oil toward its biggest monthly gain since January but crucial meetings in the next few days will determine whether the rally continues. Source: FuelFix
Click here 0 3,061
Maduro-appointed board sues in U.S. for control of Citgo
The board appointed by Venezuela’s president, Nicolas Maduro, to oversee the nation’s state-owned oil company sued in Delaware to regain control of U.S.-based refiner Citgo Petroleum Corp. Source: FuelFix
Click here 0 1,982
BASF to cut 6,000 jobs to drive down costs amid slowdown
BASF SE is cutting 6,000 jobs worldwide in a bid to cut costs as demand slows for chemicals used in industries ranging from cars to electronics. Source: FuelFix
Click here 0 1,946
American refineries reach record capacity rates
More American crude is pumping through U.S. refineries, helping to boost crude oil distillation capacity rates to a nearly 40-year high earlier this year, according to the Energy Department.Crude oil distillation capacity rates are based...
Click here 0 1,911
