News
WoodMac: Deepwater and shale oil now have more in common
After much of the energy sector abandoned deepwater drilling to focus on quicker and cheaper shale oil, the offshore and onshore industries suddenly have much more in common than they once did. Source: FuelFix
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OPEC keen to extend cut, Russia is circumspect: Reality check
For an OPEC+ meeting in which the key decision over an output-cut extension is supposedly “in the bag,” according to Saudi Arabia’s Energy Minister Khalid Al-Falih, Monday’s gathering in Vienna could be as closely watched...
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Oil set for best month since January before crucial meetings
The U.S.-Iran standoff and falling American stockpiles have propelled oil toward its biggest monthly gain since January but crucial meetings in the next few days will determine whether the rally continues. Source: FuelFix
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Maduro-appointed board sues in U.S. for control of Citgo
The board appointed by Venezuela’s president, Nicolas Maduro, to oversee the nation’s state-owned oil company sued in Delaware to regain control of U.S.-based refiner Citgo Petroleum Corp. Source: FuelFix
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BASF to cut 6,000 jobs to drive down costs amid slowdown
BASF SE is cutting 6,000 jobs worldwide in a bid to cut costs as demand slows for chemicals used in industries ranging from cars to electronics. Source: FuelFix
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