Archives for August 2019
Coal-fired power plants going way of dinosaur
Coal-fired power plants are being replaced by more efficient and cheaper sources of power, mostly because of an abundance of low-priced natural gas. Source: FuelFix
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Permian players Diamondback, Pioneer, Parsley increase production, tighten spending
Some of the top oil producers in the booming Permian Basin reported mixed financial results as they seek to appease Wall Street with reined in spending and stronger oil and gas production volumes. Source: FuelFix
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Lower chemical prices hurt Westlake's profits
Westlake Chemical saw profits plunge by 58 percent in second quarter as lower sales prices and global economic uncertainty dinged its earnings again. Source: FuelFix
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U.S. energy spending rising again
The share of the U.S. economy dedicated to energy spending is rising, after a years-long decline. According to the Energy Information Administration, U.S. energy spending amounted to 5.8 percent of the nation’s gross domestic product...
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Oil steadies as China’s yuan fix alleviates trade war tensions
Oil steadied as China moved to stabilize the yuan’s slide, cooling some concerns about an escalation in the standoff with the U.S., which labeled the Asian nation a currency manipulator. Source: FuelFix
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