News
Entergy proposes nearly $1 billion power plant in Montgomery County
The proposed Montgomery County Power Station is a combined-cycle gas plant that would help serve Entergy’s 434,000 customers in 27 southeastern Texas counties that primarily sit to the north and east of Houston. The Entergy...
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Market Currents: Rising Iraqi oil exports to U.S.
Good day! With Nonfarm Friday now behind us, we can look forward to a week of oil-specific monthly releases from IEA (tomorrow), OPEC (Wednesday) and EIA (Thursday). As the spotlight swings onto another meeting of...
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Rising crude prices send cost of gasoline higher
Rising crude oil prices during the past week have lifted average retail gasoline prices along with them, with the Houston-area average increasing 2.9 cents per gallon compared with year-ago levels, according to GasBuddy. The average...
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Two more rigs in U.S. oilfields; third increase in a row
Two more rigs crawled onto U.S. oilfields this week, the third increase in a row and the eighth in 10 weeks, adding to the oil industry’s slow recovery. Oil prices crested $50 on Thursday for...
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Chevron Phillips’ $6 billion expansion nears completion
Chevron Phillips’ “U.S. Gulf Coast Petrochemicals Project” is now more than 80 percent complete, although it still won’t be fully up and running for almost 12 more months. The effort involves building a massive ethane...
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