Archives for 2019
AMLO's Pemex gamble gets serious warning from credit agencies
President Andres Manuel Lopez Obrador’s plan to rescue the heavily indebted state oil company suffered a decisive blow Wednesday, with two ratings agencies warning he’s only hurting Mexico’s finances. Source: FuelFix
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Oil rises after slump into bear market on swelling U.S. supply
Oil gained in New York and London, in a modest recovery after sinking into a bear market on Wednesday amid ballooning U.S. crude inventories and signs that demand is faltering. Source: FuelFix
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Saudis, Russia meet with future of OPEC+ cuts unresolved
A year ago, in the enduring twilight of one of St. Petersburg’s famous “white nights” of summer, Saudi Arabia and Russia reached an agreement that set a new direction for the oil market. Source: FuelFix
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Facebook signs solar deal in West Texas
Longroad Energy, a Boston-based renewable energy developer and operator, is starting construction of a 379 megawatt capacity solar project in Andrews County about 55 miles North of Midland. Source: FuelFix
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Joint venture moves forward on Waha Hub to Agua Dulce natural gas pipeline
A joint venture between the logistics arm of Marathon Petroleum and three other companies has entered to a deal to finance the construction of a new pipeline that will move natural gas from the Permian...
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