Archives for 2018
Texas refiner Valero’s profits tick up in third quarter
San Antonio refiner Valero Energy Corp.’s profits rose 1.8 percent in the third quarter on lower biofuel blending costs. The second largest U.S. refiner posted earnings of $2.01 a share, or $856 million, for the...
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Private investment to drive Mexico's oil production growth
Mexico’s national oil company is expected to only produce 1.9 million barrels a day by 2031. Source: FuelFix
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Interior Department approves oil and gas facility in Alaska federal waters
U.S. Secretary of the Interior Ryan Zinke on Wednesday announced that his department has issued conditional approval to Hilcorp Alaska LLC for what could be the first oil and gas production facility in federal waters...
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Exxon sued by N.Y. for deceiving investors on climate change
A few months ago lawyers for Exxon Mobil Corp. stood before a judge and told New York’s attorney general to “put up or shut up” after investigating the company’s public disclosures about climate change, saying...
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Crude inventories rise, but less than some projections
The nation’s stockpile of commercial crude oil rose by 6.3 million barrels last month, but the jump was more than offset by declines in the storage of gasoline, distillate fuel oil and other products. Source:...
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