News
Enbridge issues work from home order amid growing coronavirus concerns
Growing concerns about the coronavirus outbreak have prompted Canadian pipeline operator Enbridge to issue a companywide work from home order that affects more than 1,100 employees in the Houston area. Source: FuelFix
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Demand meltdown crushes fuel prices, drags crude to 4-year low
Gasoline may soon cost less than the crude it’s made from as plunging fuel demand batters the oil market. Source: FuelFix
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Weatherford returns to profitability after leaving bankruptcy
Chapter 11 bankruptcy has allowed Houston oilfield service company Weatherford International to close 2019 with its first profit in more than six years. Source: FuelFix
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Oil slumps to lowest since 2016 as demand collapse triggers rout
Oil’s spectacular collapse deepened as widening global efforts to fight the spread of the coronavirus looked set to trigger the most severe contraction in annual demand in history. Source: FuelFix
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EOG Resources cuts budget as oil prices continue to fall
Houston oil company EOG Resources is cutting its 2020 capital budget by nearly a third amid record low commodity prices. Source: FuelFix
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