Archives for June 2018
Two energy companies say they can store off-shore wind power
Norway-based Equinor, one of Europe’s largest energy companies, teamed up with Masdar, an energy company based in United Arab Emirates, to develop a battery that can store wind energy. Source: FuelFix
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Crude inventories plunge, adding fuel to oil rally
Crude inventories last week experienced the biggest decline of the year, adding more support to rising oil prices. Source: FuelFix
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New refiner report keeps Valero on top, moves Andeavor to No. 5
A new government report shows that two San Antonio-based refiners are top 5 crude oil refiners in the U.S. Source: FuelFix
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SEC slaps Texas energy fund executives with new charges
Regulators filed new charges against seven executives of Grapevine-based Texas Energy Mutual for a $10 million oil and gas Ponzi scheme between 2013 and 2016 that defrauded hundreds of investors in several states. Source: FuelFix
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Oil gains as harder U.S. stance on Iran overshadows Saudi pledge
Oil rose to a one-month high as the risk of a supply crunch continued to buoy markets, with a U.S. demand that Iran’s customers halt their imports overshadowing Saudi Arabia’s promise to boost output. Source:...
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