Archives for February 2020
Chinese refiners go on buying spree as oil too cheap to ignore
A sudden oil buying spree by China’s independent refiners has taken Asian traders by surprise. Source: FuelFix
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Oil rally continues as virus fears show signs of easing
Oil gained for a fourth session, the longest rising streak this year, amid signs that the worst impacts of the coronavirus outbreak may be easing. Source: FuelFix
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U.S. LNG developers push forward despite record low prices in Asia
U.S. liquefied natural gas developers are pushing forward with plans to build new export terminals along the Gulf Coast despite record low prices in Asia. Source: FuelFix
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Enbridge to buy Rio Bravo Pipeline project from LNG developer NextDecade
Canadian pipeline operator Enbridge has entered into a deal to buy the Rio Bravo Pipeline project from Houston liquefied natural gas company NextDecade in a $25 million deal. Source: FuelFix
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America’s oil boom feels more like bust in the shale patch
Last month, two days before the latest government prediction that U.S. shale production would hit new heights, an oil industry conference in Houston opened with a clip of Eeyore making one of his bleak utterings:...
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