Archives for July 2018
Shell starts long-awaited buybacks even as profit misses
Royal Dutch Shell Plc finally gave investors the share buybacks they’ve been demanding, even as profit fell short of expectations despite resurgent crude prices. Source: FuelFix
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Congress readies to sell off empty space in strategic petroleum reserve
WASHINGTON – What to do with a vast government complex of underground salt caverns that once held hundreds of millions of barrels of oil? As Congress steadily sells off the oil contained within the Strategic...
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TechnipFMC reports falling income, revenues
TechnipFMC reported falling earnings and revenues for the second quarter, although the global energy services firm still turned a $106 million net profit. Source: FuelFix
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Crude inventories plunge, help boost oil oil prices
The nation’s stockpile of commercial crude oil plunged by 6.1 million barrels last week, nearly twice the anticipated decline. Source: FuelFix
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Record-setting temperatures in May boosted power use
Electricity generation increased 5.4 percent in May compared to a year ago to combat record-setting temperatures that settled over much of the nation. Source: FuelFix
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