Archives for 2019
Exxon Mobil profits fall 21% down to $3.1B on natural gas, chemicals weakness
Exxon Mobil reported quarterly profits of $3.1 billion that dipped by more than 20 percent from last year because of anticipated weaknesses in natural gas and petrochemicals prices. Source: FuelFix
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Oil set for weekly loss after biggest slump in 4 years on tariff
Oil is set for a weekly loss after the steepest one-day drop in more than four years as U.S. President Donald Trump abruptly escalated the trade war with China, deepening concerns over slowing growth. Source:...
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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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