Archives for February 2018
Crude, gasoline inventories rise, as does demand
Crude and gasoline stockpiles rose last week, adding to worries about rising U.S. oil production and pressuring crude prices. Source: FuelFix
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NRG selling renewables business with shift back to fossil fuels
After previously preaching a future of greener energy, NRG Energy is selling its renewable energy business for nearly $1.4 billion to New York investment fund Global Infrastructure Partners. Source: FuelFix
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Anadarko raises dividend by five times to near pre-oil bust amount
Anadarko Petroleum said Wednesday it will raise its quarterly dividend payouts to investors by five times from 5 cents a share to 25 cents. Source: FuelFix
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Petrobras to sell Pasadena refinery
Petrobras, Brazil’s state-controlled oil company, is attempting to sell its Pasadena refinery, which came under scrutiny during a sweeping investigation of fraud and corruption. Source: FuelFix
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BP reaps fivefold rise in quarterly earnings
LONDON – BP’s fourth-quarter earnings increased fivefold as it benefited from higher oil prices, increased production and lower costs. Underlying replacement cost profit jumped to $2.1 billion from $400 million in the same quarter a...
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