Archives for January 2020
Exxon Mobil's profit tumbled 30% in 2019, 5% in final quarter
Exxon Mobil recorded a $5.7 billion net profit in the fourth quarter that fell 5 percent from a year ago because of weaker sales and pricing in its petrochemical and refining divisions. Source: FuelFix
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Oil heads for biggest monthly loss since May
(Bloomberg) — Oil headed for its biggest monthly drop since May as Asia’s coronavirus spread, stoking concerns that demand for transportation fuels will shrink. Futures were little changed in New York on Friday, after sliding...
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Judge dismisses Cheniere lawsuit against former CEO Charif Souki and Tellurian
A lawsuit between rival liquefied natural gas companies Cheniere Energy and Tellurian has been dismissed just days before jury selection was set to begin. Source: FuelFix
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Enterprise switches to co-CEO system, among other leadership changes
Houston pipeline operator Enterprise Products Partners has switched to a co-CEO leadership system, among other management changes. Source: FuelFix
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EIA: Renewables dominate power grid by 2050
In a shift from earlier forecasts, the U.S. Energy Information Administration is forecasting that renewables, not natural gas, will be dominant source of electricity on the U.S. power grid by 2050. Source: FuelFix
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