News
Trump offers small concession on fuel economy
Fuel economy standards would increase 1.5% per year from 2021 through 2026 under the new proposal. Source: FuelFix
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Parsley Energy following trend – cuts budget, hikes dividend
Austin’s Parsley Energy is following a growing trend among oil and gas producers – cutting their capital budgets while hiking payouts to shareholders. Source: FuelFix
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Global LNG poised for terrible year as new supply floods market
(Bloomberg) — Liquefied natural gas prices are poised to test record lows this year thanks to an onslaught of new supply and warmer winter temperatures curbing consumption. The startup of new export projects from Australia...
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Oil set for weekly slump as Asia virus adds to concerns
(Bloomberg) — Oil headed for a 5% loss this week amid fears that China’s coronavirus will erode fuel demand just as markets struggle with a fragile world economy and adequate supplies. Futures held above $55...
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Oil drops to 8-week low — and it could have been worse
(Bloomberg) — Oil slid to an eight-week low on concern that China’s coronavirus outbreak may dent demand. But the drop was tempered by an unexpected decline in U.S. crude inventories and as the World Health...
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