Archives for February 2020
U.S. sanctions Rosneft unit for ties to Venezuela oil production
(Bloomberg) — The U.S. sanctioned a unit of Russia’s largest oil producer Rosneft PJSC for maintaining ties with Venezuela’s Nicolas Maduro and state-run oil company PDVSA, according to U.S. government documents. The Treasury Department’s Office...
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Oil snaps 5-day rally as virus continues to weigh on demand
A five-day rally in oil prices ended as investors found new reasons to worry about how fuel demand will be affected by the impact of Asia’s deadly coronavirus. Source: FuelFix
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Solar, wind and batteries expected to outpace new gas-powered generation in Texas
Texas is increasingly moving away from natural gas-fired power generation, the fuel that built Texas and currently supplies about half of the state’s generating capacity. Source: FuelFix
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Hottest fossil fuel market catches a chill as gas prices drop
(Bloomberg) — A plunge in prices is shaking some of the more marginal players out of the liquefied natural gas market, chilling what until recently was the hottest part of the energy industry. Major utilities...
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Chevron invests in carbon capture technology
Chevron is one of three companies investing in portable carbon capture technology for the oil field and other industrial facilities. Source: FuelFix
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