Archives for 2020
Pompeo condemns conviction, imprisonment of Citgo 6 in Venezuela
Secretary of State Mike Pompeo on Friday condemned the conviction and imprisonment of six Citgo executives by the regime of Venezuelan President Nicolas Maduro as the family of one of the executives appealed directly to...
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Oil near $41 with IEA warning on outlook
Oil steadied as the International Energy Agency warned the coronavirus vaccine breakthrough won’t quickly revive markets. Source: FuelFix
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OPEC+ focuses on delay to output hike of three to six months
Talks between OPEC and its allies are zeroing in on a delay to next year’s planned oil-output increase of three to six months, according to several delegates. Source: FuelFix
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Covid restaurant shutdowns threaten oil refiners’ biofuel dreams
As oil refiners face an uncertain future for fossil fuels, many are investing millions to convert refineries into renewable diesel plants that cut carbon emissions by processing discarded fats rather than crude oil. They’re now...
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IEA cuts oil-demand outlook as vaccines won’t rescue market
The International Energy Agency cut forecasts for global oil demand amid new lockdown measures and cautioned that the vaccine breakthrough won’t quickly revive markets. Source: FuelFix
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