Archives for February 2020
Chesapeake tumbles toward oblivion with investors losing faith
Chesapeake Energy Corp.’s options for dealing with its towering debt load are shriveling as the natural gas driller seeks to auction off shale fields it needs to stay afloat. Source: FuelFix
Click here 0 1,586
Crude inventory rise offset by falling refined products stockpiles
Commercial crude inventories rose modestly last week, but the gains were more than offset by declines in the stockpiles of other petroleum products. Source: FuelFix
Click here 0 1,562
Trump to pare biofuel waivers for refineries on court ruling
(Bloomberg) — The Trump administration has decided to pare the number of waivers from biofuel mandates that it issues oil refineries, according to two people familiar with the matter. The decision in response to a...
Click here 0 1,577
BP pulls out of trade groups over climate change
British oil giant BP is pulling out of three trade groups representing oil and gas companies over a disagreements on climate change. The company said in a report released Wednesday it had reviewed the climate...
Click here 0 1,710
Aramco trading CEO: Oil demand will recover after ‘big hit’
(Bloomberg) — Oil markets will begin to recover in the second quarter as the virus that has inflicted a “big hit” on Chinese demand abates, the head of Saudi Aramco’s trading unit said. “By the...
Click here 0 1,602
