Archives for 2019
Oil rises for a third day amid low volumes yet concerns linger
Oil rose for a third day in New York amid low trading volumes, recouping most of this week’s earlier losses, yet the outlook remained clouded by concerns over the economy and abundant supplies. Source: FuelFix
Click here 0 1,360
Schlumberger posts $11.4 billion loss amid hefty pretax charges
Schlumberger, the world’s largest oil field service company, beat Wall Street expectations on revenue but got stung by pretax charges that resulted in a multibillion loss for stockholders during the third quarter. Source: FuelFix
Click here 0 1,435
Baker Hughes name change becomes official
A name change for Houston oilfield service company Baker Hughes has become official. Source: FuelFix
Click here 0 1,338
Are Congressional oil sales risking an oil price spike?
Plans to shrink the U.S. Strategic Petroleum Reserve by 40 percent over the next eight years could cause a spike in global energy prices, a top official at the International Energy Agency warned the Senate...
Click here 0 1,317
