Archives for 2019
Dow cuts capital budget by $500M amid global uncertainty
Dow Chemical will cut its capital expenditure budget by $500 million amid global uncertainty and a slow down in buying, the chemical maker said Thursday. Dow, which has operations in the Houston area, said it...
Click here 0 1,601
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...
Click here 0 1,512
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
Click here 0 1,645
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
Click here 0 1,531
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
Click here 0 1,594
