FuelFix
Market Currents: US is 3rd largest recipient of OPEC oil
And it is Groundhog Day again, as the OPEC rumor-mill gets cranked up once more. Fortunately we get the welcome distraction of an inventory report tomorrow, while some respite follows that in the form of...
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Climbing oil prices shield most U.S. drillers from default, Fitch says
Rising oil prices have probably shielded most U.S. drillers from debt defaults next year, Fitch Ratings says. Energy companies have defaulted on $7.7 billion in leveraged loans, a certain category of higher-risk loans sold to...
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Pioneer denied request to reclassify oil wells
The Railroad Commission of Texas last week denied Pioneer Natural Resources’ request to reclassify several oil wells as gas wells, citing concerns that the company was looking to take advantage of a tax exemption for...
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OPEC optimism lifts oil
Oil traded near a three-week high on signs OPEC members have made progress toward completing a deal to cut output. January futures rose as much as 2 percent in New York after the December contract...
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Tesla’s revenge: Gasoline consumption at peak, says IEA
After fueling the 20th century automobile culture that reshaped cities and defined modern life, gasoline has had its day. The International Energy Agency forecasts that global gasoline consumption has all but peaked as more efficient...
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