Archives for July 2018
Oil slides near $68 as U.S. crude stocks expand, gasoline drops
Oil slipped toward $68 a barrel after mixed U.S. government data sowed uncertainty about the strength of demand in the biggest fuel-consuming nation. Source: FuelFix
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Perry's bailout plan for coal, nuclear could cost more than $34 billion, study says
A Department of Energy proposal to bail out struggling coal and nuclear power plants would cost $34 billion, according to a new study commissioned by a coalition of energy and technology companies opposing the plan....
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OPEC seeking legal strategy as U.S. pushes anti-cartel bill
OPEC is consulting with lawyers to prepare a strategy to defend against proposed U.S. legislation that could open the cartel up to antitrust lawsuits, according to people familiar with the matter. Source: FuelFix
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Kinder Morgan reports quarterly loss from Oklahoma impairment
Houston pipeline giant Kinder Morgan reported a $180 million net loss for the second quarter, driven by a $600 million writedown in value of much of its pipeline and gathering facilities in Oklahoma. After agreeing...
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Trump administration revokes visa for top Citgo executive
The Trump administration has revoked the visa of Asdrúbal Chávez, the president and CEO of Houston-based Citgo Petroleum, the company announced Wednesday. Source: FuelFix
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