Archives for April 2020
Oil pares losses as investors weigh chance of price-war truce
As crude futures fluctuate, the market for real barrels shows renewed weakness, trading several dollars below headline prices. Source: FuelFix
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Equinor-led joint ventures discovers new source of oil in Gulf of Mexico
A joint venture led by Norewegian oil giant Equinor has discovered a new source of oil in the Gulf of Mexico more than 100 miles south of Louisiana. Source: FuelFix
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Oil negotiators race for pact; U.S. role in the balance
The talks still face significant obstacles: Russia and Saudi Arabia want the U.S. to join in, but U.S. President Donald Trump has so far shown little willingness to do so. Source: FuelFix
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PUC appoints ex-ERCOT director to monitor power market in Texas
The Public Utility Commission announced the former director of wholesale operations for the state grid manager will become the new independent market monitor director charged with detecting and preventing market manipulation strategies in the Texas...
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Trump convenes fractious U.S. oil rivals in bid to reverse rout
Chief executives of the nation’s biggest refiners and producers are expected to discuss possible relief efforts from the administration. Source: FuelFix
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