Archives for January 2020
Oil hits 7-Week low as Asia virus eclipses supply loss
Oil fell further after hitting a seven-week low on speculation that China’s coronavirus outbreak may dent demand, just as the market already contends with plentiful supplies. Source: FuelFix
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Exporting natural gas creates carbon footprint rivaling that of coal, data shows
(Bloomberg) — In May, while President Donald Trump toured a new $10 billion plant designed to prepare natural gas for export, he made a vow. Such facilities would be good for the environment, he said, or...
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Kinder Morgan shrugs off shale slump with $2.2 billion profit in 2019
Houston pipeline operator Kinder Morgan is shrugging off the ongoing shale slump after closing 2019 with a $2.2 billion profit at a time when producers and service companies are experiencing huge losses. Source: FuelFix
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Phillips 66 CEO takes reins of API – the top oil and gas trade group
The chief executive of Phillips 66 will take over the chairmanship of the oil and gas sector’s top trade group, the American Petroleum Institute. Source: FuelFix
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Annova LNG signs natural gas supply deal with Enbridge
Houston liquefied natural gas company Annova LNG has signed a 20-year natural gas supply deal with the Canadian pipeline operator Enbridge. Source: FuelFix
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