Archives for February 2020
Gasoline prices fall to lowest since oil bust
Average gasoline prices in the Houston area fell 6 cents over the past week to $2.04 a gallon, down 18 cents from a month ago and 14 cents from year ago, according to GasBuddy, Source:...
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Trading giants seek oil storage at sea as virus creates glut
Three of the world’s largest oil traders are seeking to store crude on tankers at sea as the industry tries to deal with a glut that’s emerged since the outbreak of the coronavirus in China....
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Coronavirus hurting solar panel deliveries, boosting prices
Another consequence of the outbreak of coronavirus: the flow of solar panels will likely be interrupted and prices will rise, according to a new study. Source: FuelFix
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Oil holds near $50 as OPEC+ hesitates despite signs of surplus
Oil held near $50 a barrel in New York on signs that OPEC and its allies probably won’t go ahead with a much-touted emergency meeting, even as a global oversupply piles up. Source: FuelFix
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Former Exxon CEO on JPMorgan's board is now the target of climate activists
A longtime climate skeptic who turned Exxon Mobil Corp. into the biggest U.S. oil company is one of the few people who can influence the bank’s CEO. Source: FuelFix
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