News
Oil rebounds though outlook remains clouded by oversupply
Oil rebounded from the previous session’s loss, though the outlook remained clouded by rising U.S. stockpiles and concern that OPEC and its allies aren’t taking enough action to balance the market. Source: FuelFix
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Coal mining fades and so do jobs
The closing of coal fired-generators in Texas and other states as coal has become an increasingly expensive source of power has resulted in job losses in coal mining, according to a report by the Department...
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Baker Hughes to power all of its Texas facilities from renewables
Houston oilfield service and technology company Baker Hughes has entered into a deal to power all of its facilities in Texas from renewable sources such as wind and solar. Source: FuelFix
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Aramco soars in debut to hit market value of $1.88 trillion
Saudi Aramco shares surged after the oil producer’s initial public offering, valuing the company at a record $1.88 trillion in the culmination of a four-year effort by the kingdom to list its crown jewel. Source:...
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Oil falls from 12-week high as report shows U.S. stockpile build
Oil retreated from its highest close in almost three months after an industry report showed American crude inventories expanded last week, adding to signs that supplies will remain abundant next year. Source: FuelFix
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