News
Oil declines amid concern over trade talks, long-term demand
Oil fell for a third day amid fading momentum in trade talks between the U.S. and China, and signs of another increase in American crude stockpiles. Source: FuelFix
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More new oil and gas inventory coming from mergers, not exploration
Increasingly more recoverable barrels of oil and gas around the world are coming from corporate mergers and acquisitions, and not from traditional exploration. Source: FuelFix
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OPEC+ risks oil below $50 without deeper supply cuts
With their next meeting just weeks away, OPEC and its partners are showing no impetus for stronger action to support oil prices. But without intervention, some influential forecasters say a new supply glut could send...
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Oil trims gains on signals Trump may expand trade offensive
Oil surrendered some gains amid concern that U.S. President Donald Trump may expand his trade offensive, multiplying the economic headwinds already threatening global energy demand. Source: FuelFix
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Oxy looks to sell some assets in Wyoming, Colorado: Report
Occidental Petroleum is looking to sell about 200,000 acres of a select position in the DJ Basin that’s mostly in Wyoming, but also extends into Colorado, according to a Reuters report. Source: FuelFix
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