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Lower chemical prices hurt Westlake's profits
Westlake Chemical saw profits plunge by 58 percent in second quarter as lower sales prices and global economic uncertainty dinged its earnings again. Source: FuelFix
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U.S. energy spending rising again
The share of the U.S. economy dedicated to energy spending is rising, after a years-long decline. According to the Energy Information Administration, U.S. energy spending amounted to 5.8 percent of the nation’s gross domestic product...
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Oil steadies as China’s yuan fix alleviates trade war tensions
Oil steadied as China moved to stabilize the yuan’s slide, cooling some concerns about an escalation in the standoff with the U.S., which labeled the Asian nation a currency manipulator. Source: FuelFix
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Williams Cos. and GIP weigh bid for Noble Midstream
The Williams Companies Inc. is working with investment firm Global Infrastructure Partners on a possible offer for Noble Energy Inc.’s midstream unit, according to people with knowledge of the matter. Source: FuelFix
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U.S. court sides with Venezuela's opposition in battle over Citgo’s leadership
Since February, Citgo, a subsidiary of Venezuela’s national oil company PDVSA, has been run by a board of directors backed by Venezuela’s opposition leader Juan Guaido, who is recognized by the Trump administration and dozens...
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