Archives for 2020
PUC appoints ex-ERCOT director to monitor power market in Texas
The Public Utility Commission announced the former director of wholesale operations for the state grid manager will become the new independent market monitor director charged with detecting and preventing market manipulation strategies in the Texas...
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Trump convenes fractious U.S. oil rivals in bid to reverse rout
Chief executives of the nation’s biggest refiners and producers are expected to discuss possible relief efforts from the administration. Source: FuelFix
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U.S. oil and gas rig count posts largest single-week drop since 2015, Texas leads declines
The number of operating U.S. oil and gas rigs plummeted by 64 this week Source: FuelFix
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Oil surges as producers eye output cut of 10M barrels
Oil jumped more than 11% in London as OPEC+ scheduled an urgent meeting next week to try and stem the crude market’s rout. Source: FuelFix
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CenterPoint is cutting dividend, spending
CenterPoint Energy, the regulated utility that delivers electricity to most of the Houston area, is cutting its stock dividend nearly in half, trimming operations and maintenance expenses and cutting capital spending to adjust to a...
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