Archives for 2019
U.S. crude stocks show surprise jump
The nation’s stockpiles of commercial crude oil unexpectedly spiked by 3.6 million barrels last week after industry groups predicted a dip, the U.S. Energy Department reported Wednesday. Source: FuelFix
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Oil extends gain on Saudi output pledge, Trump trade flexibility
Oil climbed for a second day after Saudi Arabia pledged to deepen production cuts and U.S. President Donald Trump said he might extend a deadline for additional tariffs on China. Source: FuelFix
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IEA says Venezuela crisis risks disrupting global crude market
The political crisis in Venezuela risks disrupting global crude markets as the type of oil pumped by the OPEC member becomes increasingly scarce, according to the International Energy Agency. Source: FuelFix
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Houston's Occidental Petroleum profits soar as U.S. production rises
Houston-based Occidental Petroleum Corp. beat analyst expectations in the fourth quarter. Source: FuelFix
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Commissioner says FERC 'ignoring' climate change ruling
FERC Commissioner Richard Glick said Tuesday that the commission was ignoring a federal appellate court decision on climate change. Source: FuelFix
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