Archives for April 2018
Oil rebounds as Saudi, Yemeni tensions flare
Crude erased losses as escalating conflict in the Mideast region that’s home to almost half the world’s oil canceled out an earlier rout in commodity markets. Source: FuelFix
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Goldman echoes Saudi view that higher prices won't hurt demand
Goldman Sachs Group Inc. sees oil’s rally the same way as Saudi Arabia: it won’t check the world’s soaring thirst for crude. Source: FuelFix
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Vistra cuts some 300 Houston jobs after Dynegy merger
Texas power company Vistra Energy Corp., the parent company of TXU Energy, is cutting 308 jobs just two day after it completed its merger with Dynegy. Source: FuelFix
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Houston gas prices rise alongside crude oil
The price of gasoline in Houston and across the country again rose alongside crude oil prices ahead of the busy summer driving season. Source: FuelFix
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Subsea 7 makes hostile offer for McDermott to kill CB&I merger
London’s Subsea 7 said Monday it’s making a $2 billion hostile bid to buy Houston-based McDermott International under the condition that McDermott scraps its pending merger with The Woodlands’ CB&I. Source: FuelFix
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