Archives for July 2018
Baytown steel plant denied steel tariff exemption
The Trump administration has denied a steel pipe manufacturer in Baytown a temporary exemption on steel tariffs, but the company has vowed to continue the fight in an effort to reduce the cost of importing...
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Gasoline, electricity push consumer prices higher
Consumer prices increased 3 percent in Houston over the past year, led by higher costs for gasoline and electricity, the Labor Department reported Thursday. Source: FuelFix
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ConocoPhillips boosts share repurchasing by another $1 billion
Houston oil and gas producer ConocoPhillips said Thursday it is upping its share repurchasing program by another $1 billion to bet on its own stock and satisfy shareholders. Source: FuelFix
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OPEC output may be stretched to limit by supply crises: IEA
OPEC’s Gulf members may need to pump almost as much crude as they can to cover swelling supply losses from Venezuela to Iran and beyond, the International Energy Agency said. Source: FuelFix
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Houston’s EnCap fined for ‘pay-to-play’ contributions to Abbott, others
Houston-based private equity firm EnCap Investments will pay a $500,000 fine for allegedly violating pay-to-play rules, according to a Securities and Exchange Commission settlement order. Since 2004, public funds in Texas — including the Teachers...
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