News
EOG Resources profits fall by nearly 50 percent
EOG Resources reported $615 million in quarterly profits on Wednesday that fell by nearly 50 percent from $1.2 billion a year ago in large part from lower oil and gas prices. Source: FuelFix
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Crude inventories surge by nearly 8 million barrels
The nation’s stockpiles of commercial crude oil spiked by nearly 8 million barrels last week, overwhelming any reductions in gasoline and other refined products. Source: FuelFix
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Senate weighs overhaul of air pollution law
Senate Republicans are pressing ahead on legislation loosening regulations around when industrial facilities need to upgrade their air pollution controls. Source: FuelFix
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U.S. shale slowing quickly, will plateau in 2021: Report
U.S. shale oil growth is slowing quickly and will effectively plateau in 2021 after years of accelerated activity, according to a new report from the IHS Markit research firm. Source: FuelFix
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Permian flaring spikes to new record highs again
The waste and pollution of natural gas in the Permian Basin reached new record highs yet again in the third quarter, according to a report from the Norwegian research firm Rystad Energy. Source: FuelFix
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