Archives for January 2020
Oil falls again as U.S. supplies grow, Asia virus menaces demand
(Bloomberg) — Oil resumed declines as the biggest jump in U.S. crude stockpiles in almost three months added to concern over demand in a market already grappling with China’s spreading coronavirus. Futures lost as much...
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Enterprise Products Partners closes year with record $4.6 billion profit
Houston pipeline operator Enterprise Products Partners finished 2019 with a record $4.6 billion profit after shattering 28 company records Source: FuelFix
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Shell profit misses estimates
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. Royal Dutch Shell Plc fell to the lowest in more than two years after it scaled...
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Accident at Chesapeake Energy wells leaves workers burned, one missing
Authorities are investigating the cause of an accident at a Chesapeake Energy oil well in Burleson County that reportedly left three people severely burned and one person missing. Source: FuelFix
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Chevron hikes dividend by 10 cents per share
Chevron said Wednesday it will hike its quarterly dividend pay outs to investors by 10 cents per share, continuing the energy sector’s recent trend of giving more money to shareholders while maintaining conservative budgets otherwise....
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