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CenterPoint rejects REIT plan as it reports $2 million loss
Houston-based CenterPoint Energy said Friday it’s no longer considering transforming the company into a tax friendly real estate investment trust — a complex structure that’s rare and controversial in the energy sector. Source: FuelFix
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Hoover Container merging with global rivals in tank production
Houston-based Hoover Container Solutions is merging with some of its chemical tanks and cargo rivals to produce a larger global enterprise that will still be led by Hoover CEO Donald Young. Source: FuelFix
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Oil prices flat after two-day rally
Oil prices were little changed after the biggest two-day increase in more than a month as prices fluctuated following a fall into a bear market this week. Futures were up slightly in New York at about...
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Gasoline prices in Texas have fallen 4 cents this week
The average price for retail gas in Texas has dropped 4 cents this week, settling at an average of $1.96 for a gallon for regular unleaded fuel. AAA Texas said Thursday that the average is...
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Valero Energy Partners’ earnings rise 45 pct. in Q2
San Antonio-based Valero Energy Partners’ second-quarter earnings rose 45 percent, exceeding analysts’ estimates. The company earned $49 million, or 67 cents per unit, in the three months ended June 30, the company said in a...
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