Archives for January 2020
Oil falls for 2nd week as supply remains strong
Oil declined for the second week as signs that supplies remain plentiful offset optimism over the signing of the U.S.-China trade agreement. Source: FuelFix
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With Permian gains, U.S. rig count erases losses from last week
The number of operating oil and gas drilling rigs in the U.S. increased by 15 this week, according to the Baker Hughes rig count. Source: FuelFix
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Oil has nearly made back week's losses
(Bloomberg) — Oil erased most of its loss for the week, as the price gain following the signing of the U.S.-China trade agreement offset signs that supplies remain plentiful. Futures gained 0.6% in New York,...
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Schlumberger posts $10.1 billion loss in 2019
Schlumberger, the largest oilfield services company in the world, closed 2019 with a $10.1 billion loss following hefty write downs on two past acquisitions and weakening demand for hydraulic fracturing services in the United States...
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Gas and coal fading as wind and solar grow
Electricity generation from natural gas-fired power plants is expected to grow 1.3 percent this year, the slowest rate in three years as the nation develops more renewable energy sources. Source: FuelFix
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