Archives for February 2020
Oil steady as Asian states seek to offset virus hit to economies
Oil steadied near $57 a barrel in London as China and other Asian states promised economic stimulus to offset the impact of the coronavirus, buoying the outlook for fuel demand. Source: FuelFix
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Schlumberger moves executive to lead new energy initiatives
Oilfield service giant Schlumberger is moving one of the company’s top executives to lead a newly created division for “new energy” initiatives. Source: FuelFix
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U.S. oil and gas rig count unchanged, near 3-year low
The nation had 790 oil and gas drilling rigs this week. Source: FuelFix
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Texas regulators OK CenterPoint rate hike, but customers could pay less
Houston-area residential customers who use 1,000 kilowatt-hours of power could actually see the distribution charge reduced. Source: FuelFix
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Solar and wind power can’t compete with gas this cheap
Gas is such a bargain that it’s being viewed less as a bridge fossil fuel and more as a hurdle to emissions-free electrical grids. Source: FuelFix
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