NEWS OF THE WEEK

Houston Chronicle Sunday - - FUELFIX -

U.S. RISES TO TOP

The U.S. likely sur­passed Rus­sia this sum­mer to be­come the world's top oil pro­ducer, the En­ergy De­part­ment said.

AN OIL PRICE WARN­ING

The In­ter­na­tional En­ergy Agency warned that oil prices could break above $80 a bar­rel un­less other pro­duc­ers act to off­set deep­en­ing sup­ply losses in Iran and Venezuela.

LOCK­ING IN PRICES

Oil com­pa­nies dra­mat­i­cally in­creased their hedges on Per­mian Basin oil prices be­yond 2019 to lock in prices in case new pipe­line projects fail to come on­line in time, ac­cord­ing Wood Macken­zie.

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