News
3 lawsuits filed against Rio Grande Valley LNG projects
Opponents of three proposed liquefied natural gas projects in the Rio Grande Valley hit the projects with three simultaneous federal lawsuits. Source: FuelFix
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Pipeline operators ask oil companies to stop production as storage fills up
Pipeline operators with full storage tanks are asking some Texas oil companies to stop production as the ongoing price war between Russia and Saudi Arabia has exacerbated a global supply while the coronavirus pandemic has...
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Apache makes deeper cuts while its Permian Basin rig count goes to zero
Houston oil company Apache Corporation is making deeper budget cuts while its Permian Basin rig count has gone to zero. Source: FuelFix
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Rig count plunges in largest single-week drop since bottom of last oil bust
The number of operating U.S. oil and gas rigs plummeted by 44 this week. Source: FuelFix
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Canadian crude is so cheap it costs more to ship it than buy it
Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations. Source:...
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