Glut of fuels offsets falling U.S. crude inventory
The surging supplies of fuels and refined products are developing even with near-record U.S. gasoline consumption. Source: FuelFix
Click here 0 2,971
Marathon Oil sued over use of workers’ health care funds
Marathon Oil Co. is accused in a lawsuit of teaming up with an insurance company to embezzle Marathon employee health care funds. The suit, filed by Redoak Hospital in U.S. District Court in Houston, alleges...
Click here 0 2,940
OPEC helps Middle East oil production set record as U.S. lags, IEA says
Oil production from the Middle East has climbed to a record while U.S. output has slumped, the International Energy Agency said, in a sign that OPEC’s strategy of defending market share is succeeding. Middle Eastern...
Click here 0 3,018
Oil well drilling permits rise, offering hope of recovery
At least a few Texas oil drillers seem to think the oil collapse has hit bottom. Last month, Texas issued 656 permits to drill wells, a slight improvement over May. Perhaps more importantly, it represents another...
Click here 0 3,279
Plains All American simplifies, cuts investor payouts
Plains is largely cutting ties with its general partner, Plains GP Holdings, and reducing its quarterly payout to investors from 70 cents per unit down to 55 cents — a move many energy companies have...
Click here 0 3,103
