News
Mexican bread maker Bimbo to dabble in electric vehicle business
Mexican bread maker Grupo Bimbo is dabbling in the electric vehicle business with plans to make more than 4,000 “green” delivery trucks south of the border. Source: FuelFix
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U.S. rig count sees another big dip amid shale struggles
The U.S. rig count fell by 11, bringing the nation’s total number of operating oil and gas rigs to 806. Source: FuelFix
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Oil field services CFO replaced
Weatherford International, the Switzerland and Houston-based oil field service company that filed for bankruptcy protection earlier this year, announced that its chief financial officer is leaving to pursue other opportunities. Source: FuelFix
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Oil heads for weekly loss on signs of adequate global supplies
Oil headed for a weekly decline as rising U.S. crude inventories and new production elsewhere signaled that global markets will remain comfortably supplied. Source: FuelFix
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Callon amends merger terms, postpones shareholder vote to December
The pending merger was supposed to get put to a shareholder vote Thursday, but had faced investor opposition. Source: FuelFix
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