Archives for 2019
Russia warns of weakening oil even as it holds out on OPEC+ deal
Saudi Arabia and Russia, the two largest producers in the OPEC+ coalition, voiced concerns that falling oil demand could send prices below $40 a barrel as they met in Moscow on Monday. Source: FuelFix
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Bulls beware: The 2020 oil market is quickly turning ugly
Oil bulls thought 2020 would be their year. After half a decade of lower spending on new projects, oil production growth was supposed to slow to a trickle just as demand was supercharged by a...
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Oil holds near $54 on Saudi-Russia supply pledge, rig data
Oil steadied near $54 a barrel after Saudi Arabia said it could agree on plans for production with Russia at the G-20 summit this month. Source: FuelFix
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Cheap construction, government targets and lots of wind spurs wind development
Lots of wind, cheap construction costs and government targets to boost the percentage of power generated from renewable sources gave several states, including Texas, an incentive to invest in wind-generated power. Source: FuelFix
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Drilling Down: Spraberry play heats up in West Texas
There’s a race underway to use horizontal drilling and hydraulic fracturing to unlock the potential of a West Texas sandstone formation once dubbed “the world’s largest unrecoverable oil reserve.” Source: FuelFix
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