Archives for February 2019
Citigroup buys wind power credits
Citigroup, the New York City-based bank, announced it is buying wind credits from a wind power project near Corpus Christi in San Patricio County to supply power to its finance operations in Texas. Source: FuelFix
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Marathon Oil reports $390M profit, keeps spending nearly flat
Houston’s Marathon Oil reported a $390 million quarterly profit on Wednesday that bounced back from a loss the year prior and even improved on the third quarter of 2018. Source: FuelFix
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Joint venture to move more Eagle Ford natural gas to Agua Dulce hub, Mexico
Two pipeline companies have entered into a joint venture that will move more natural gas from the Eagle Ford Shale of South Texas to the Agua Dulce hub and Mexico. Source: FuelFix
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U.S. crude stocks show surprise jump
The nation’s stockpiles of commercial crude oil unexpectedly spiked by 3.6 million barrels last week after industry groups predicted a dip, the U.S. Energy Department reported Wednesday. Source: FuelFix
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Oil extends gain on Saudi output pledge, Trump trade flexibility
Oil climbed for a second day after Saudi Arabia pledged to deepen production cuts and U.S. President Donald Trump said he might extend a deadline for additional tariffs on China. Source: FuelFix
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