News
KBR to be reclassified as an IT consulting company by stock traders
Houston-based KBR will soon be reclassified as an IT consulting company by stock traders. Source: FuelFix
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Valero Energy's profits tumble as gasoline margins fall, crude costs rise
San Antonio refining giant Valero Energy saw its profits plunge in the first quarter as its refining segment grappled with gasoline margins falling and relatively higher heavy and medium sour crude prices.Valero Energy reported $141...
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Brent crude rises to $75 on Iran risk, Russia supply outage
Brent crude reached $75 a barrel for the first time since October as the U.S. decision to remove Iran sanctions waivers combined with a drop in Russian flows to fuel supply fears. Source: FuelFix
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NextDecade agrees to fund deepening nearly half of Brownsville Ship Channel
Houston liquefied natural gas company NextDecade has entered into an agreement to deepen nearly half of Brownsville Ship Channel. Source: FuelFix
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Duke sells stake in renewables to mutual fund, insurance company
Duke Energy, the North Carolina-based power company, announced a deal to sell a minority interest in its commercial renewable energy portfolio to a Canadian-owned financial services and insurance company. Source: FuelFix
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