Archives for 2019
Oil slips as record U.S. production undermines OPEC+ supply cut
Oil retreated below $52 a barrel as data showing record U.S. crude production suggested markets may remain oversupplied despite output cuts by OPEC and its allies. Source: FuelFix
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Offshore to beat onshore in shale investments, analysts say
Offshore shale spending will outgrow spending onshore in 2019, analysts at energy research company Rystad Energy predict. Source: FuelFix
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Kinder Morgan finishes 2018 with $1.4 billion profit but misses analyst expectations
Houston Houston pipeline and natural gas operator Kinder Morgan reported finished 2018 with a $1.4 billion profit but missed analyst expectations. Source: FuelFix
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Kansas City Southern Railway lands permit to build new marine terminal in Port Arthur
State regulators have issued a permit that will allow Kansas City Southern Railway to build a new rail and marine terminal in Port Arthur for crude oil, gasoline, ethanol and diesel. Source: FuelFix
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U.S. crude inventory drop offset by distillates build
U.S. crude inventories dropped by 2.7 million barrels last week, according to a weekly report from the U.S. Energy Department. Source: FuelFix
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