FuelFix
Phillips 66 ships first cargo from Freeport LPG export terminal
Houston-based Phillips 66 said its new liquefied petroleum gas export terminal in Freeport is now shipping cargo. The first shipment left early Friday morning on board the large Commander gas carrier, Phillips 66 said. The...
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Key Energy emerges from bankruptcy
Key Energy, a Houston-based oilfield service provider, emerged from bankruptcy this week with almost $700 million less in debt, and prepared to relist on the New York Stock Exchange. The company filed for Chapter 11...
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Weatherford appoints new CFO and president after shakeup
New Weatherford International CEO Krishna Shivram filled the chief financial officer and president roles as he beefs up his management team. Shivram was promoted in November from the CFO position to interim CEO after longtime...
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What global oil flows might look like after OPEC’s supply shock
OPEC’s quest to end a global crude glut already snapped a two-year slump in oil prices. Now attention is turning to how the group’s surprise decision to cut output will transform international trade flows of the...
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Market Currents: Saudi versus Shale battle is ongoing
Yesterday’s decision by the Federal Reserve to raise interest rates has inadvertently put concrete boots on the crude complex, sending it lower amid a soaring U.S. dollar. Hark, here are five things to consider in...
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