FuelFix
Market Currents: Saudi’s balancing act
After a lesser draw than expected to crude inventories, oil is selling off on this third Wednesday in April. As strong imports from the Middle East this week should help to buoy inventories for next...
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EPA moves to block Obama’s methane rule for oil and gas wells
The U.S. Environmental Protection Agency is moving ahead on President Donald Trump’s pledge to do away with environmental regulations that curb domestic oil and gas production. The agency announced Wednesday it was reconsidering an...
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Crude stockpiles fall again
Oil and gasoline stockpiles fell for the second consecutive week, a sign that the energy industry finally may be working through its stubborn supply glut. Commercial crude inventories declined by 1 million barrels last week,...
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Australian government reviews LNG exports amidst domestic gas shortage
Australia’s competition regulator said the possible sale of natural gas intended for the country’s domestic market to overseas customers instead must be reviewed amid high wholesale prices at home. Ahead of a meeting Wednesday between...
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Texas refineries need new Canadian oil pipelines, report says
Gulf Coast refineries in Texas and beyond need new oil pipelines from Canada to cut down on their supply costs, a new report Tuesday from the IHS Markit research firm concludes. Western Canada is projected...
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