Archives for 2019
Goldman slashes oil forecasts as new supply seen plentiful
Goldman Sachs Group Inc. cut its oil price forecasts for 2019, citing a re-emerging surplus and resilient U.S. shale production. Source: FuelFix
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Plains All American Pipeline EVP Dan Nerbonne dies at age 61
Houston-based Plains All American Pipeline has confirmed that one of the company’s three executive vice presidents died unexpectedly on New Year’s Eve. Source: FuelFix
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California leads rig count dip
A decline in oil and gas activity in California led an overall dip in the number of active drilling rigs nationwide this week. Source: FuelFix
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Crude stocks stay flat, but fuel and distillates spike
Overall U.S. petroleum stockpiles jumped by nearly 15 million barrels from last week even though the nation’s commercial crude oil inventories remained flat. Source: FuelFix
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Oil set for biggest weekly gain since 2016 on Saudi supply cut
Brent crude headed for its biggest weekly gain since December 2016 as Saudi Arabia’s production cuts outweighed concerns over the health of the global economy. Source: FuelFix
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