Archives for August 2019
Heat sets two-year power use record
So far this summer Texas has been able to avoid prolonged periods of hot weather, the kind that cause electricity supply and demand to tighten and drive up prices. Source: FuelFix
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EOG Resources reports rising profits of nearly $850M
EOG Resources reported a nearly $850 million quarterly profit that jumped 22 percent from almost $700 million during the year prior. Source: FuelFix
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DOE approves exports for Kinder Morgan's Gulf LNG project
Kinder Morgan’s Gulf LNG project in Mississippi took another step forward after the U.S. Department of Energy issued an order authorizing exports from the proposed liquefed natural gas terminal. Source: FuelFix
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Apache posts $360M loss after Permian slowdown
Apache Corp. reported a $360 million quarterly loss after intentionally slowing down its output in the Permian Basin because of weak pricing and temporary pipeline shortages. Source: FuelFix
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Right-wing groups ask Trump not to intervene with Citgo
A bevy of right-wing groups are asking the Trump administration not to intercede on behalf of the Venezuelan opposition government to keep Citgo Petroleum from being seized and auctioned. Source: FuelFix
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