Archives for January 2020
U.S. drilling rig count falls back below 800
The number of rigs drilling for oil and gas in the United States dipped by nine this week, pushing the overall rig count back below 800. Source: FuelFix
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Crude inventories plunge from record-high exports amid Iranian tensions
The nation’s stockpiles of commercial crude oil plunged by 11.5 million barrels last week, adding more bullish news to oil prices that already were spiking worldwide amid an escalating U.S. conflict with Iran. Source: FuelFix
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Leaders from Israel, Cyprus, Greece sign EastMed gas pipe deal
Cyprus President Nicos Anastasiades, Greek Prime Minister Kyriakos Mitsotakis and Israeli Prime Minister Benjamin Netanyahu attended in Athens Thursday the signing ceremony for the accord to construct the Eastern Mediterranean natural gas pipeline. Source: FuelFix
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Oil soars as U.S. killing of Iran general stirs fear of conflict
Oil jumped toward $70 a barrel in London after a U.S. airstrike ordered by President Donald Trump killed a top Iranian general in Iraq, intensifying fears of conflict in the world’s most important crude-producing region....
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Tenaris closes $1.1 billion deal to buy pipemaking rival
Argentina-based oil field pipe maker Tenaris has closed on a $1.1 billion deal to buy the Houston-based rival IPSCO Tubulars. Source: FuelFix
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