Buckeye Partners, L.P. (BPL) today reported that it resumed full operations at its Buckeye Bahamas Hub following completion of inspections and necessary repairs of impacts from Hurricane Dorian.
Nigeria's central bank held its benchmark interest rate at 13.5%, its governor Godwin Emefiele said on Friday. Most analysts polled by Reuters had predicted the central bank would ease in September, though Emefiele has previously said the bank would maintain its tight monetary stance in 2019. Africa's largest economy and top crude oil exporter emerged from its first recession in 25 years in 2017.
NEW YORK, Sept. 20, 2019 U.S. markets opened lower on Monday following the attacks on Saudi Arabian oil facilities. The Federal Reserve's decision to slash interest rates by a quarter percentage in an effort to prevent a slowdown in the global economic growth and hinder the possible impacts of Trump's trade policies.
TC Energy Corp's Marketlink oil pipeline from Cushing, Oklahoma to Nederland, Texas was shut as flooding disrupted operations at U.S. Gulf Coast terminals, traders familiar with the matter said on Thursday.
Exxon Mobil Corp. (XOM) said Thursday it continues to assess operations at its Beaumont, Texas oil refinery amid heavy rainfall from Tropical Storm Imelda, and confirmed it has finished shutting its Beaumont chemical plant. "ExxonMobil's Beaumont refinery and chemical complex is conducting a preliminary assessment to determine the impact of the storm," said a statement from the company. "The Beaumont chemical plant has completed a safe and systematic shutdown of its units."
After a summer of wildfires, heat waves and hurricanes, United Nations Secretary-General Antonio Guterres says he is banking on new pledges from governments and businesses to abandon fossil fuels during a special climate summit in New York on Monday.
PROVIDENCE, R.I., Sept. 18, 2019 The Northeast's heating oil industry has resolved to achieve net-zero carbon dioxide emissions by 2050. The industry's resolution calls for a 15% reduction in CO2 emissions by 2023, a 40% reduction by 2030, and net-zero-carbon emissions by 2050.
Today, Governor Kate Brown gathered with NW Natural and other supporters to ceremoniously sign another landmark bill for the State of Oregon: Senate Bill 98 allows utilities to acquire renewable natural gas on behalf of customers and is the first of its kind in the nation.
Many economists expect the next downturn to happen by Summer 2020. The drone attack on Saudi Arabia oil fields came at a particularly vulnerable time for the U.S. and global economy. Saudi authorities say drones attacked Saudi Aramco's Abqaiq plant on Saturday.
PARSIPPANY, N.J., Sept. 17, 2019 The lubricant additives market, with an estimated growth of 0.5% in 2019, has traditionally been slow to embrace major changes and shifts to new chemistry. Automotive lubricants, especially HDMO and PCMO, are the largest end-use application areas for additives.
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