Archives for July 2019
Profits plummet at Valero Energy amid lower refining, ethanol earnings
Valero Energy’s profits dropped by more than 25 percent in the second quarter as its refining margins stumbled and higher corn prices cut into profits from ethanol sales.The San Antonio refiner said Thursday that its...
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Pipeline, terminal shortages will continue to hamper Permian growth
Growth in the booming Permian Basin has slowed down this year and those growing pains will continue because of ongoing pipeline and export terminal shortages for at least the next year or so. Source: FuelFix
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Oil advances as tighter supply jostles with demand concerns
Oil advanced in New York as declining U.S. crude stockpiles and fears over Middle East exports mingled with concerns that slower economic growth will stifle demand. Source: FuelFix
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Why is the IRS delaying tax break for carbon capture?
Sixteen months after Congress passed legislation increasing tax credits for carbon capture projects, the Internal Revenue Service is coming under fire for not updating the tax code to reflect the change. Source: FuelFix
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ERCOT rejects opening electrical can of worms
The manager of the Texas electric grid said Wednesday that it should not be forced to fix a data error that increased electricity costs by millions of dollars and reprice a block of wholesale power...
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