Archives for February 2020
Oil climbs back above $50 amid signs Asia virus spread is easing
Oil rallied back above $50 a barrel as tentative signs that Asia’s coronavirus may be easing spurred speculation that the worst of crude’s sell-off could have passed. Source: FuelFix
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Port of Brownsville asks judge to toss out anti-LNG lawsuit
The Port of Brownsville is asking a judge to toss out a lawsuit filed by the City of Port Isabel to halt construction of three liquefied natural gas export terminals at the South Texas waterway....
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Oil clinches gain despite Russia indecision on OPEC+ output cut
Oil held gains as investors weighed hopes for a decision by Russia to accept an OPEC+ proposal for production cuts against an increase in American crude stockpiles. Source: FuelFix
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Officials: North Dakota oil output may peak within 5 years
BISMARCK, N.D. (AP) — North Dakota’s oil production may peak within five years as companies finish drilling the most prolific portions of the state’s oil patch, state and industry officials told lawmakers Tuesday. Mineral Resources...
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Oil from federal lands tops 1B barrels as Trump eases rules
BILLINGS, Mont. (AP) — Oil production from U.S.- managed lands and waters topped a record 1 billion barrels last year, federal officials said Tuesday, as technological advances helped drive development in new areas and the...
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