Archives for 2019
Crude oil inventories drop, lifting oil market
The nation’s stockpiles of crude oil dropped by 3.9 million barrels last week, according to a weekly U.S. energy report. Source: FuelFix
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Mediterranean ministers pledge cooperation on gas finds
Energy ministers from the eastern Mediterranean pledged to work together to tap the region’s massive natural gas finds. Source: FuelFix
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Argentina looks to use Vaca Muerta shale play to become natural gas exporter
Argentinian energy company YPF is moving forward with plans to couple the development of the Vaca Muerta shale play with offshore liquefied natural gas technology to allow the South American nation to go from being...
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Oil extends gains on OPEC+ cuts and signs of U.S. supply drop
Crude rose for a third day after an industry report showed an unexpected drop in U.S. stockpiles just as planned cuts and disruptions to OPEC output are tightening supply. Source: FuelFix
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U.S. cuts oil production forecast for the first time in 6 months
The U.S. government cut its oil production forecast for the first time in six months as drillers scale back in smaller shale plays and the U.S. Gulf of Mexico. Source: FuelFix
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