Archives for 2019
Oil holds near 2-month high on Venezuela risk, lower OPEC output
Oil held gains near a two-month high after data showed U.S. production growth slowing at a time when OPEC cuts and American sanctions on Venezuela have already eased concerns over a supply glut. Source: FuelFix
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CenterPoint completes deal with Vectren
CenterPoint Energy has completed its $6 billion purchase of Indiana-based Vectren Corp., a move that expands CenterPoint’s electricity and natural gas operations into Ohio and Indiana. Source: FuelFix
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Drilling Down: Oasis Petroleum doubles down on $1 billion Permian Basin purchase
Houston exploration and production company Oasis Petroleum is doubling down on drilling more than 23,000 acres of Permian Basin oil leases that it bought for nearly $1 billion. Source: FuelFix
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U.S. producers pulled 15 oil rigs out of service last week
The U.S. lost 15 oil rigs last week and added one gas rig, showing that even after a slight recovery the week prior, producers are still being cautious in the U.S. Source: FuelFix
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