Plentiful supply pressuring oil prices
Oil fell from the lowest close in three months as industry data showed crude stockpiles at the biggest U.S. storage hub rose, swelling supplies already at a seasonal record. Futures dropped as much as 1...
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U.S. wind installations slow, even as Texas leads the way
Wind turbine installations slowed significantly in the second quarter of 2016. Nationwide, developers added wind turbines with a combined capacity of 310 megawatts between March and July, down from 1,600 megawatts during the same period...
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Market Currents: Oil imports rise, crude-by-rail drops
Crude prices are moving lower once again today, as another weekly inventory report comes into focus, with the prospect of rising product inventories. Hark, here are seven things to consider in crude markets today: 1)...
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Valero’s profits tumble 40 percent in 2nd quarter
Profits for San Antonio refiner Valero plunged 40 percent in the second quarter as a glut of petroleum products weighs on prices and trims margins. Valero on Tuesday reported net income of $814 million, down...
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Exxon Mobil again expanding its Beaumont refinery
Exxon confirmed it will start construction later this year to add about 40,000 barrels of daily refining capacity to the Beaumont complex. The expansion comes in addition to an ongoing project to add 20,000 barrels...
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