Archives for April 2019
Apache cuts back production of Permian gas because of pricing
Houston’s Apache Corp. said Tuesday it will dramatically cut back on its natural gas production in the Permian Basin for an extended period of time because of steep pricing discounts caused by pipeline shortages in...
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Oil climbs toward $75 in London after Trump tightens screws on Iran
Oil rose toward $75 in London after the U.S. announced a tougher crackdown on Iran, seeking to choke off the OPEC member’s crude exports. Source: FuelFix
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Cheap wind power distorting power market pricing, leads to legislative interest in study
The Texas Legislature recently took a step to eliminate the Texas cost advantage in renewable energy by recently passing similar bills out of the Senate Committee on Business & Commerce and the House Committee on...
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Dow locks out more than 200 workers in Deer Park
A Dow Chemical subsidiary has locked out about 200 workers at a chemical plant in Deer Park outside of Houston, the union and company said Monday. Source: FuelFix
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Aramco to buy Shell's stake in Saudi refinery for $631M
As Saudi Aramco expands its refining capacity across the globe, the Saudi state-owned oil company is buying out Shell’s 50 percent share of a joint venture refinery in Saudi Arabia for $631 million, the companies...
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