Archives for December 2018
Texas heading into summer with tight electricity reserve margins
Higher than expected demand for electricity coupled with cancellations of planned new power generation projects will leave less room for error this summer, according to the manager of the state’s power grid. Source: FuelFix
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Oil sector hangs in balance as OPEC meets
The health of the U.S. energy sector hangs precariously in the balance as OPEC, Russia and others begin meeting Thursday in Vienna to consider cutting oil production after a recent collapse in crude prices. Source:...
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Oil gains as Saudi-Russia pact and Canada cuts ease supply fears
Oil headed for its biggest two-day advance since June as concerns over a supply glut eased on hopes that OPEC and its allies will strike a deal to stabilize the market. Source: FuelFix
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Saudi minister says premature to say if OPEC+ to cut output
Three days after Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman sent crude prices surging with an agreement to extend cooperation on oil, the kingdom’s top energy official made clear that the...
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Shell links climate change goals to executive pay
Royal Dutch Shell said Monday it will link its carbon emission reduction goals to the pay of its executives starting in 2020, making the Anglo-Dutch energy giant the first of the so-called Big Oil majors...
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