News
U.S. hit record gas consumption in July
U.S. natural gas consumption hit an all-time high last month, as the nation’s power grid shifts increasingly away from coal in favor of gas and renewable sources. Source: FuelFix
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Houston gas prices dip amid trade war worries
Houston drivers will continue to see unusual summer savings at the pump this week as threats of an economic slow down and a lingering trade war keep a lid on oil prices. Average gasoline prices...
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Weatherford gets another $250M to keep operating during bankruptcy
The bankrupt Weatherford International said Monday it received approval from a Houston court to accept another $250 million from one of its creditors to keep the company operating during its ongoing bankruptcy proceedings. Source: FuelFix
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Saudi Aramco cuts all oil pricing for September sales to Asia
Saudi Arabia, the world’s biggest oil exporter, lowered pricing for September sales of all crudes to Asia while raising prices to buyers in northwest Europe and the Mediterranean region. Source: FuelFix
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Iran seizes small oil tanker suspected of smuggling fuel
Iran’s Revolutionary Guards seized a foreign oil tanker in the Persian Gulf on July 31, compounding concerns about the safety of shipping in a region crucial to oil exports. Source: FuelFix
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