Archives for 2019
U.S. crude oil inventory build much lower than expected, supporting oil prices
U.S. crude oil inventories increased last week, but by a much smaller amount than expected by oil and gas industry group analysts. Source: FuelFix
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Coal mines are closing as less demand for fossil fuel
More than half of the nation’s coal mines have closed in the past decade, reflecting a shift from coal-fired power generation to cheaper sources of generation including natural gas, wind and solar power. Source: FuelFix
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Magellan Midstream extends open season on Cushing-to-Houston crude oil pipeline
Magellan Midstream Partners LP and Navigator Energy Services are extending the open season to book capacity on the proposed Voyager Pipeline, a project to move crude oil and condensate from storage terminals in Cushing, Oklahoma...
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Oil extends gain after rising most in a week on Venezuela crisis
Oil rises in New York after jumping the most in more than a week on concerns that U.S. sanctions on Venezuela will pose significant market disruption. Source: FuelFix
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ExxonMobil to begin construction on Beaumont refinery expansion
The expansion will increase the refinery’s capacity by 250,000 barrels per day. Source: FuelFix
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