News
Oil rebounds from 7-month low as Saudis seek to stem slide
Oil rebounded from the lowest level since January after Saudi Arabia contacted other producers to discuss options to stem a rout that’s been driven by the worsening U.S.-China trade war. Source: FuelFix
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Saudis discussing options with producers to halt oil’s slide
Saudi Arabia has phoned other oil producers to discuss possible policy responses as oil prices fell to a seven-month low, a Saudi official said. Source: FuelFix
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NRG CEO Gutierrez says ERCOT overstates generation capacity
The CEO of NRG Energy said Wednesday that the state’s power grid manager is overstating the amount of generating capacity and electricity supplies will be much tighter in coming years than estimated Source: FuelFix
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Marathon Oil shows profit growth, hikes share buybacks
Marathon Oil reported quarterly profits of $161 million that jumped by two-thirds from a year ago as the Houston oil company grew its production volumes and kept its spending flat. Source: FuelFix
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Halcon Resources files for bankruptcy again
Long-struggling Halcon Resources filed for bankruptcy protection on Wednesday with plans to hand over ownership of the company to its debt holders. Source: FuelFix
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