FuelFix
Conoco investors reject exec pay in advisory vote
Investors rejected a compensation plan for ConocoPhillips’ top executives in an advisory vote on Monday, signaling disapproval in the company’s pay levels last year. Sixty-eight percent of the Houston oil company’s shareholders voted against or...
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Canadian crude boom could send more oil to Gulf Coast refineries
Gulf Coast refineries may soon see a boost in crude volumes arriving at their doorstep, as Canadian oil sands production finally ramps up, Chicago investment research firm Morningstar said in a report released Tuesday. Production...
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IEA sees oil market rebalance but warns of Libya, Nigeria surge
U.S. shale drillers aren’t the only ones threatening to offset OPEC’s oil production cuts. Signs of a resurgence of oil production in Libya and Nigeria, both OPEC members, has the potential to dampen the cartel’s...
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Oil-fired power plants are dwindling, but hanging on
Renewable energy sources and natural gas generate more power in the U.S. than oil, which was once a more prominent energy source before it dwindled to account for less than one percent of the country’s...
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Secretary Perry: ‘Market will drive itself’ without OPEC
OPEC might have lost its grip on controlling the oil markets because of increased production pouring out of American shale plays, said Secretary of Energy Rick Perry, who made a stop in Houston for a...
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