Archives for September 2018
Former Houston executive pleads guilty in in PDVSA bribery case
A former manager of a Houston-based logistics and freight company has pleaded guilty to a foreign bribery charge related a scheme to secure contracts from Petróleos de Venezuela, S.A., Venezuela’s state-owned oil company. Source: FuelFix
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Consumers must dig deeper to pay electricity, gasoline
Higher prices for electricity and gasoline pushed up overall consumer costs in Houston during the past year, the U.S. Bureau of Labor Statistics reported. Source: FuelFix
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IEA warns of higher oil prices as Iran, Venezuela losses deepen
The International Energy Agency warned that oil prices could break out above $80 a barrel unless other producers act to offset deepening supply losses in Iran and Venezuela. Source: FuelFix
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Europe becoming more dependent on Russian gas, DOE official says
A top official at the U.S. Department of Energy said as Europe shifts away from coal and nuclear power it is becoming increasingly dependent on Russian supplies of natural gas. Source: FuelFix
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Hurricane Florence not expected to trigger fuel shortages
Unlike with Hurricane Harvey a year ago, Hurricane Florence won’t upset the nation’s fuel supplies because it’s making landfall on the East Coast away from refineries. Source: FuelFix
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