Archives for 2017
Market Currents: Groundhog Day again for oil
Yes, it’s Groundhog Day again, and that dastardly Punxsutawney Phil has seen his shadow, predicting six more weeks of winter. Fortunately, he’s no good at forecasting (unlike the woolly worm), hence little attention should be...
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Valero Energy Partners beats Wall Street expectations
By Rye Druzin, San Antonio Express-News San Antonio-based Valero Energy Partners beat Wall Street expectations with earnings of $60 million, or 77 cents a share, compared with Wall Street expectations of earnings around 70 cents...
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Home Depot invests in West Texas wind farm
Home Depot has partnered with EDP Renewables North America to buy a share of a West Texas wind farm, part of Home Depot’s goal to invest in 135 megawatts of renewable energy by 2020. EDP Renewables,...
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Weatherford cutting thousands more jobs, selling fracking business
Weatherford International said it plans to sell its U.S. hydraulic fracturing business and its Middle East drilling rig division as it continues to cut jobs worldwide. The financially struggling oil field services giant is focused...
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Senate confirms Tillerson as Secretary of State
WASHINGTON – Former Exxon CEO Rex Tillerson was confirmed as secretary of state Wednesday in a close, primarily party-line vote in the Senate. The vote was 56 to 43, with all Republicans, three...
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