Archives for 2020
With coronavirus fears looming, gasoline and oil prices continue to plunge
Prices at the pump fell another 5 cents per gallon last week as crude oil and fuel costs continue to plunge because of Wuhan coronavirus fears and weakening demand. Source: FuelFix
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China oil demand has plunged 20% because of virus lockdown
(Bloomberg) — Chinese oil demand has dropped by about three million barrels a day, or 20% of total consumption, as the coronavirus squeezes the economy, according to people with inside knowledge of the country’s energy...
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2 giants with 2 strategies that aren’t working
(Bloomberg) — Everyone from environmentalists to investors is beating up on fossil fuels, and American energy giants Exxon Mobil Corp. and Chevron Corp. are taking increasingly diverging approaches as they try to weather the storm....
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3rd man dies after gas blast at Chesapeake Energy oil well near Bryan
A third man has died following a fatal accident at a Chesapeake Energy oil well in Burleson County, according to media reports. Source: FuelFix
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Enterprise prevails in court battle of Texas pipeline giants
Pipeline giant Enterprise Products Partners has prevailed in its years-long court battle against Dallas rival Energy Transfer over whether Enterprise reneged on a joint venture project, the Texas Supreme Court ruled Friday. Source: FuelFix
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