FuelFix
Russia’s Rosneft buys part of Egyptian gas field for $1.6B
Rosneft PJSC agreed to buy as much as 35 percent of a natural-gas project off Egypt, joining Eni SpA and BP Plc in the largest discovery in the Mediterranean Sea. The Russian company will pay...
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Market Currents: Cutting a deal to deal a cut
And crude is full of the festive spirit, merrily skipping higher today in response to the result of the weekend’s OPEC / NOPEC meeting. As the number of global oil producers committing to participate in a...
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EPA proposes new rule to reduce emissions at Texas power plants
The U.S. Environmental Protection Agency on Friday proposed a rule aimed at reducing carbon emissions from 18 Texas power plants, many of which have been part of a yearslong battle over air quality control in...
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Oil surges as Saudis eye deeper cuts, non-OPEC joins deal
Oil jumped to the highest since July 2015 after Saudi Arabia signaled it’s ready to cut output more than earlier agreed and non-OPEC countries including Russia pledged to pump less next year. Futures rose as...
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Texas leads biggest rig count jump since April 2014
The oil rebound in West Texas this week led the biggest surge in the drilling rig count since April 2014 — when oil was priced well above $100 a barrel. The amount of drilling activity...
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