Archives for 2020
Oil from federal lands tops 1B barrels as Trump eases rules
BILLINGS, Mont. (AP) — Oil production from U.S.- managed lands and waters topped a record 1 billion barrels last year, federal officials said Tuesday, as technological advances helped drive development in new areas and the...
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Video: Four-legged, data-gathering robot being tested on offshore oil rig
A four-legged, data-gathering robot named “Spot” is being tested on an offshore rig in the Norwegian Sea. Source: FuelFix
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Coronavirus outbreak sinks global demand for oil, LNG & jet fuel
The coronavirus outbreak in China is sinking global demand crude oil, liquefied natural gas and jet fuel. Source: FuelFix
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Chevron boosts Venezuela output while U.S. eyes new sanctions
Chevron Corp. has ramped up output at a key Venezuela oil project to levels not seen in almost a year, offering a thorny reminder of how U.S. sanctions are failing to deliver a knockout of...
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Oil rebounds, yet Contango warns of glut as virus hits demand
Oil recovered from a one-year low as equity markets climbed, yet widespread discounts on prompt crude supplies signaled that Asia’s coronavirus is sharply eroding demand. Source: FuelFix
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