Archives for May 2018
Crude inventories fall after steep incline
Oil prices fell on an expected rise in crude inventories, but Thursday’s report showed a dip that could trigger a market rebound. Source: FuelFix
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Pipeline insurers targeted by environmentalists
The insurance companies that provide coverage for oil pipeline projects have fallen into the sights of environmental activists. In a new public relations campaign, environmentalists are calling on insurance companies including AIG, Liberty Mutual and...
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Malaysia pays billions to join Shell's LNG Canada project
Malaysia’s state oil company, Petronas, will pay billions of dollars for a major stake in Royal Dutch Shell’s planned LNG Canada effort in British Columbia, making it more likely the oft-delayed project will finally move...
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Global oil benchmarks pulled apart in sign of market discord
Long-established relationships between the world’s most important oil prices are being strained by conflicting forces across the globe. Buyers grappling with crude’s rebound to levels last seen in 2014 are assessing how to take advantage...
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Oil slips as U.S. crude inventories show signs of increasing
Oil fell, compounding a monthly decline, after U.S. crude inventories were said to rise by more than expected. Source: FuelFix
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