Archives for April 2020
Oil exploration firm claims discovery of huge Alaska deposit
ANCHORAGE, Alaska (AP) — An oil exploration firm has discovered a deposit of potentially 1.8 billion barrels in Alaska’s North Slope region south of Prudhoe Bay, the company said. Pantheon Resources PLC said it located...
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Occidental seeks federal lifeline for oil industry
In a sign of how important the appeal is to Chief Executive Officer Vicki Hollub, employees are being urged to send a pre-written wish list to Congress members. Source: FuelFix
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Oil deal goes down to wire as Saudis, Russia debate details
Riyadh and Moscow continued to disagree over key details just hours before a virtual meeting of OPEC+. Source: FuelFix
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Staggering loss of demand raises pressure on OPEC+ to cut output
What happens Thursday could bend the fortunes of energy players across the globe, from Big Oil and U.S. shale companies, to petro-states such as Nigeria and Kazakhstan. Source: FuelFix
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Fuel demand rout sends ethanol output to lowest in a decade
The American ethanol industry is cutting production like never before as coronavirus lockdowns keep drivers off the roads, crushing demand for fuel. Output of corn-based biofuel plunged by a record 20% to an average daily...
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