Archives for August 2018
ConocoPhillips reaches $2 billion settlement with PDVSA
ConocoPhillips said Monday that it has reached a $2 billion settlement with PDVSA, Venezuela’s state-controlled oil company, to compensate for the illegal seizure of its assets more than a decade ago. Source: FuelFix
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Gasoline prices fall in Houston
Gasoline prices in Houston and across the country fell last week alongside crude oil prices on news of higher global supplies and concerns about a global economic slowdown. Source: FuelFix
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Lower federal tax rate likely to cut natural gas bills by 58 cents a month
CenterPoint Energy is passing along its savings in federal taxes at the request of state regulators by proposing to reduce average residential bills by 58 cents each month. Source: FuelFix
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Coal stockpiles are falling and will continue to fall, government says
U.S. coal inventories are at their lowest point in four years, the result of electricity generators in Texas and elsewhere retiring their coal-fired power plants. Source: FuelFix
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Oil steadies after longest run of weekly losses in three years
Oil steadied after its longest run of weekly declines in three years, as traders weighed threats to economic activity in emerging markets against risks to supplies around the world. Source: FuelFix
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