News
Electricity brokers will likely face regulatory oversight like other power dealers
The Public Utility Commission asked the Texas Legislature earlier this year to expand the agency’s oversight to include electricity brokers, the companies that represent consumers and businesses shopping for power plans. Source: FuelFix
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Coal-fired plants are closing but US coal exports are up
The U.S. is selling more coal abroad, according to foreign trade data from the Census Bureau. Coal exports last year were 116 million short tons, the highest level in five years. Source: FuelFix
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Saudi Aramco buys majority stake of SABIC in $69B deal
Saudi Arabia’s national oil company is doubling down on downstream and petrochemicals: Saudi Aramco announced Wednesday it is acquiring a 70 percent majority state in the petrochemical company Saudi Basic Industries Corporation (SABIC) in a...
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McDermott signs lease to build manufacturing plant in Saudi Arabia
A subsidiary of Houston oilfield service company McDermott has signed a lease that will allow the company to build a manufacturing facility for offshore oil rigs in Saudi Arabia. Source: FuelFix
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Energy sector cautiously expands after fourth-quarter price drop: Dallas Fed survey
Texas energy sector activity modestly picked back up in the first quarter of 2019, but the fourth quarter eroded the confidence of executives and point towards a slower rate of growth in 2019. Source: FuelFix
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