News
Oil heads for biggest weekly gain in seven on trade war optimism
Oil headed for its biggest weekly increase since mid-July after a sizable drop in American crude inventories and an apparent pause in U.S.-China trade hostilities eased demand fears. Source: FuelFix
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Shale boom may have contributed 1 percent to U.S. GDP: analysis
The shale boom that led to cheaper fuel prices, increased consumer spending and less crude oil imports may have had a significant positive effect on the U.S. economy, researchers found. Source: FuelFix
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Texas energy sector grows, but slowdown looms
The Texas energy sector has managed to add jobs and increase oil and gas production in the past 12 months despite lower oil prices, but fears of a slowdown loom for the rest of this...
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New Exxon Mobil production vessel arrives off the coast of Guyana
Exxon Mobil’s first oil production vessel has arrived off the coast of Guyana as the United States’ largest oil major prepares for massive growth along the small South American nation. Source: FuelFix
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Trump tweets ethanol changes coming
President Donald Trump suggested Thursday his administration was going to take steps to boost ethanol production, as refineries and corn farmers argue over a more than decade-old mandate requiring ethanol be blended into the nation’s...
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