News
CenterPoint seeks rate increase
CenterPoint Energy filed a request Friday with Texas regulators and cities in its service area to boost electricity delivery rates $161 million, an amount that would raise electricity bills $2.38 a month for customers that...
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U.S. to sanction vessels carrying Venezuelan crude to Cuba in another blow to PDVSA
In an ongoing effort to starve Nicolas Maduro’s regime of resources by targeting the country’s oil sector, the U.S. will now direct sanctions on 34 vessels owned and operated by PDVSA, as well as two...
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Rig count spikes by 19 after weeks of declines
The number of rigs drilling for oil and gas in the U.S. spiked by 19 this week after several weeks of mostly small declines. Source: FuelFix
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Auto sales in China, India push oil demand up even as EVs grow
Although electric vehicle sales are rapidly rising, oil demand for automobiles will keep rising in the coming decade especially from growth in China and India, according to new research data. Source: FuelFix
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Gulf Coast refineries reach record runs
American refinery runs reached a new record in 2018 as higher diesel margins pushed oil companies to keep pumping petroleum through their refineries despite a decrease in margins from gasoline, a new report from the...
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