The reports pushed oil prices higher today, with Brent crude recovering above $80 and trading at $83.80 per barrel at the time of writing. West Texas Intermediate also rebounded, trading at $78.33 per barrel earlier today.
A New York-headquartered group that pursues investments in North American power and energy infrastructure said it has a deal to acquire a natural gas-fired power plant near Houston, Texas.LS Power, which also develops and operates energy facilities, on August 6 said it has entered into a definitive agreement with Constellation to acquire the Brazos Valley Energy Center.
Curious Minds Corner
What is a reservoir rock?
A porous and permeable rock that stores and transmits hydrocarbons.