News
Dynegy closes deal with Engie to acquire power plants
Houston-based Dynegy Inc. has closed its deal with French energy company Engie to acquire 17 power plants around the country, including six plants in Texas. The deal closed on Tuesday. The Federal Energy Regulatory Commission...
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Occidental posts $272 million in losses, far better than year prior
Occidental Petroleum Corp. significantly narrowed its fourth quarter loss as it wrapped up another difficult year, but one that was far better than 2015, the company reported Thursday. Oxy said it lost $272 million in...
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Market Currents: US Gulf Coast oil inventories reach record
Today’s price action has been a case of sell the rumor, buy the (bearish) fact, as the affirmation of a gargantuan crude build from today’s weekly EIA report has stoked some buying interest. All we...
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U.S. coal production on the rise — for now
Coal production is expected to rise in 2017 as higher natural gas prices drive up the demand for coal, according to the U.S. Department of Energy. Coal production in the U.S. in 2016 was the...
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James Baker among GOP group pressing carbon tax to Trump
Some big name Republicans have joined on to a coalition lobbying to combat climate change through a carbon tax. A group that includes former Secretary of State James Baker III, former Treasury Secretary Hank Paulson, former...
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