Archives for 2020
Trump suggests selling 15 million barrels of U.S. oil stockpile
Proceeds of the sale would pay for certain Energy Department activities, including the environmental cleanup of a California oil field. Source: FuelFix
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Gasoline prices fall to lowest since oil bust
Average gasoline prices in the Houston area fell 6 cents over the past week to $2.04 a gallon, down 18 cents from a month ago and 14 cents from year ago, according to GasBuddy, Source:...
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Trading giants seek oil storage at sea as virus creates glut
Three of the world’s largest oil traders are seeking to store crude on tankers at sea as the industry tries to deal with a glut that’s emerged since the outbreak of the coronavirus in China....
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Coronavirus hurting solar panel deliveries, boosting prices
Another consequence of the outbreak of coronavirus: the flow of solar panels will likely be interrupted and prices will rise, according to a new study. Source: FuelFix
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Oil holds near $50 as OPEC+ hesitates despite signs of surplus
Oil held near $50 a barrel in New York on signs that OPEC and its allies probably won’t go ahead with a much-touted emergency meeting, even as a global oversupply piles up. Source: FuelFix
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