News
BP profit beats as strong refining offsets lower oil price
BP Plc reported profit that beat analyst estimates as a strong refining performance offset the effect of lower oil and natural gas prices, and bad weather that curbed production. Source: FuelFix
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Losses continue to mount for National Oilwell Varco in third quarter
Losses continue to mount for Houston oil field service company National Oilwell Varco, which posted a nearly quarter billion loss during the third quarter. Source: FuelFix
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Pemex posts $4.6 billion loss amid sagging exports, domestic sales
Mexico’s state-run oil company Petroleos Mexicanos, or Pemex, reported slightly higher production figures but posted a $4.6 billion loss during the third quarter amid sagging exports and domestic sales. Source: FuelFix
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Asian gas demand looks strong, EIA assures
Asian natural gas consumption is set to more than double over the next 30 years, increasing the need for imports from abroad, the U.S. Energy Information Administration said Monday. Source: FuelFix
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Oil steady after weekly surge on signs of trade deal progress
Oil was steady after the biggest weekly advance in more than a month on signs of progress in the prolonged U.S.-China trade spat. Source: FuelFix
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