News
West Texas' Permian leads rig count drop
Another sign that activity in the booming Permian Basin has at least plateaued for now, the prolific basin in West Texas lost six active drilling rigs last week. Source: FuelFix
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Oil surplus makes surprise return despite OPEC cuts, IEA says
Global oil stockpiles swelled surprisingly in the first half of this year as production cuts by OPEC and its partners failed to prevent the return of a surplus, the International Energy Agency said. Source: FuelFix
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The shale boom in the Permian is slowing
The promise of the Permian is shrinking. Producers in the nation’s oil-rich shale basins are dialing back growth plans in the face of a growing panoply of problems that’s killing returns, and keeping skeptical investors...
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Oil heads for weekly gain as supply risks buoy fragile market
Oil headed for a weekly increase as a storm in the Gulf of Mexico and simmering Middle East tensions supported the market, though the outlook remained clouded by concerns of a renewed surplus. Source: FuelFix
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Houston company buys investment portfolio of roof-top solar projects
Spruce Finance of Houston, an owner and operator of solar generation facilities, announced it acquired nearly 2,200 residential solar systems totaling 12.1 megawatts. Source: FuelFix
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