CenterPoint sells natural gas retail business


CenterPoint Energy, the regulated utility that delivers electricity to the Houston area, said Monday that it will sell its natural-gas retail business for $400 million to Energy Capital Partners of New Jersey, a private equity investor.


At London’s oil week, clues about demand will be all around


Oil traders are gathering in London for what’s normally a week of lavish parties, dealmaking and market chatter. China’s coronavirus means this year’s events will be more subdued – and fewer in number – than usual. The talk will be about absent friends and uncertain demand.


US oil boom feels more like bust in the shale patch


Last month, two days before the latest government prediction that U.S. shale production would hit new heights, an oil industry conference in Houston opened with a clip of Eeyore making one of his bleak utterings: “End of the road, nothing to do and no hope of things getting better.”


Earnings down 22% in 2019 for Texas-based Valero Energy


Valero Energy Corp. said Thursday it finished 2019 with earnings of $2.4 billion, down more than 22 percent from the prior year, which the company attributed to higher prices it paid for sour crude and high gasoline inventories.