Archives for March 2020
Oil rollercoaster has crude rebounding after 18-year iow
Oil rebounded after plunging to the lowest level in 18 years as policy makers across the globe try to strengthen economies against the impact of the coronavirus pandemic. Source: FuelFix
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Power use shifts as more people work from home
Electricity use is shifting as more people work from home, schools have closed for the semester and restaurants and bars can no longer serve patrons in an effort to fight the spread of coronavirus. Source:...
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Enterprise Products Partners seeks to cut budget as oil war continues
Houston pipeline operator Enterprise Products Partners is looking at ways to trim its multi-billion dollar capital expenditure budget cuts as oil war takes its toll on the company’s customers. Source: FuelFix
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Targa Resources cuts one-third of budget amid record low oil prices
Houston natural gas pipeline operator Targa Resources is cutting nearly one-third of its budget for new projects amid record low commodity prices. Source: FuelFix
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The oil floating storage trade is on after crude’s latest tumble
The latest collapse in oil prices has put in play a lucrative trade to store crude at sea, reviving memories of the 2008-09 recession when millions of barrels were kept on the world’s oceans. Source:...
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