Archives for February 2020
Avangrid wind farm near Corpus Christi sends power to Austin Energy and Nike
Avangrid, the U.S. subsidiary of the Spanish power utility Iberdrola, announced it began operating a new 307 megawatt wind farm near Corpus Christi at the end of the year that will supply power to municipally...
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China buyers use clause to halt deals for LNG amid virus fears
(Bloomberg) — The turmoil engulfing global commodity markets deepened as Chinese companies started rejecting trades because of the coronavirus. In a dramatic and rare step, China National Offshore Oil Corp. declared what’s known as force...
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Black Stone Minerals cuts investor payouts nearly 20%
Black Stone Minerals said it will cut its quarterly investor payouts to investors by nearly 20 percent because of falling oil and gas prices. Source: FuelFix
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Oil pares gain as Russia asks for time to decide on output cuts
Oil pared gains as an OPEC+ committee agreed on a required level of output cuts, but didn’t reach a decision on an emergency meeting as Russia resisted. Source: FuelFix
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Saudis slash oil prices in Asia as virus causes demand shock
Saudi Arabia’s state oil company made deep cuts to the price of crude it sells to Asia, where an outbreak of the coronavirus has caused a slump in demand. Source: FuelFix
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