Archives for 2020
Record 5.0-magnitude earthquake hits near Permian Basin town
A record-setting 5.0-magnitude earthquake hit near the Permian Basin town of Orla Thursday morning. Source: FuelFix
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Door to door electricity sales needs to stop, regulator says
Door-to-door sales of electricity should stop immediately as the coronavirus pandemic spreads across Texas, DeAnn Walker, chairman of the Public Utility Commission, said Thursday. Source: FuelFix
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Even a Saudi-Russia truce would be too late to save OPEC+ legacy
Even if Riyadh and Moscow ended their fight for oil-market share now, everything they achieved together over three years of OPEC+ would still go up in smoke. Source: FuelFix
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Oil rally falters with demand dread precipitating huge glut
Oil’s recovery rally went into reverse as broad weakness across physical crude markets compounded mounting evidence of the demand devastation being wrought by the coronavirus. Source: FuelFix
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U.S. calls on Saudis to halt plan to unleash record oil supply
The Trump administration is pressing Saudi Arabia to dial back its plan to flood the oil market after a price war with Russia sent crude prices crashing to their lowest levels in almost two decades....
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