Archives for May 2019
Oil falls to five-week low after Trump jeopardizes trade talks
Oil tumbled toward $60 a barrel as President Donald Trump threw trade talks between the world’s two largest economies into disarray with a threat to raise tariffs on Chinese imports, roiling global markets. Source: FuelFix
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Oxy earnings dip by more than 10 percent
Houston’s Occidental Petroleum said Monday it earned $631 million in the first quarter as its net income dipped by more than 10 percent from the beginning of 2018. Source: FuelFix
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BP approves Thunder Horse expansion in Gulf
BP said Monday it approved an expansion in the Gulf of Mexico that will add 50,000 barrels of daily oil equivalent to its massive Thunder Horse field. Source: FuelFix
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Texas moves closer to regulating power brokers
A bill that would require electricity brokers to register with the Public Utility Commission moved a step closer this week. Source: FuelFix
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Trump administration denies Kinder Morgan steel tariff waiver for Permian Basin project
The Trump administration has denied a steel tariff waiver for a natural gas pipeline being developed in the Permian Basin by Houston-based operator Kinder Morgan. Source: FuelFix
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