Archives for March 2020
OPEC gambles on move to force Russia into oil production cut
OPEC ministers took a high-stakes gamble, recommending a large production cut to offset the hit on demand from the coronavirus, without overcoming Russian opposition first. Source: FuelFix
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IEA plans to revise down oil demand forecasts due to virus
The International Energy Agency plans to revise down its oil-demand forecasts next week because of the spreading coronavirus. Source: FuelFix
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Freeport LNG gets green light for second export dock
Houston liquefied natural company Freeport LNG got the green light from federal regulators to put a second dock at its Brazoria County export terminal into service. Source: FuelFix
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ConocoPhillips sells oil leases in Permian Basin, DJ Basin
Houston oil major ConocoPhillips is exiting the DJ Basin of Colorado and has sold one of its leases in the Permian Basin of West Texas. Source: FuelFix
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Seven & i scraps $22 billion plan for Marathon’s Speedway gas stations
Seven & i Holdings Co. scrapped plans to acquire Marathon Petroleum Corp.’s Speedway gas stations for $22 billion, according to people familiar with the matter, ending a deal that would have been among the world’s...
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