News
Oil jumps as OPEC+ signals extended cuts, U.S.-China hit pause
Oil surged to a five-week high in New York after Saudi Arabia and Russia signaled an extension of OPEC+ output cuts and a U.S.-China agreement to restart trade talks improved the demand outlook. Source: FuelFix
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Drilling Down: Parsley Energy to hit milestone in Spraberry formation
Austin oil company Parsley Energy is about to mark 10 years of drilling the Spraberry formation of West Texas. Source: FuelFix
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OPEC expected to extend oil cuts, avoiding another bust
OPEC and its allies meet Monday in Vienna with near certainty that they will extend production cuts through at least the end of the year to support oil prices under pressure from slowing global demand...
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Oil up, gas down — rig count stays flat
The Permian Basin, Gulf of Mexico and Oklahoma all saw increased drilling activity this week, but they were offset by declines in natural gas basins. Source: FuelFix
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Venture Global raises $675M more for LNG projects
Virginia-based Venture Global has raised another $675 million of additional capital for its trio of proposed liquefied natural gas projects on the Gulf Coast, bringing its total committed capital to $2.8 billion, the company announced...
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