News
Oil set for weekly drop on rising Saudi output and trade woes
Oil headed for its biggest weekly loss in a month as swelling American stockpiles and renewed doubts over a long-term U.S.-China trade deal suggested supply will continue to outpace demand. Source: FuelFix
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Keystone pipeline shutdown raises costs for U.S. Gulf refiners
The Keystone crude pipeline was shut Wednesday after leaking thousands of barrels of crude in North Dakota, the third spill along the pipeline’s route in less than three years. Source: FuelFix
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Cheniere Energy posts $318 million loss amid higher expenses
Houston liquefied natural gas company Cheniere Energy posted a $318 million loss during the third quarter amid higher operating expenses, depreciation of assets and interest payments. Source: FuelFix
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Oil declines as Saudis boost output, China balks at trade truce
Oil slid the most in two weeks after Saudi Arabia boosted crude output by more than a million barrels a day against the backdrop of renewed worldwide trade woes. Source: FuelFix
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Marathon Peteroleum announces leadership changes, plans to spin off Speedway gas stations
Ohio refining company Marathon Petroleum is making changes to its leadership and is seeking to spin off nearly 4,000 Speedway gas stations as separate and publicly traded company. Source: FuelFix
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