In a landmark decision, the Public Utility Commission of Texas (PUCT) on Thursday approved a plan to build the Electric Reliability Council of Texas (ERCOT) region’s first extra high voltage transmission lines to meet the Permian Basin’s rapidly growing power needs.
Oil rose as producers’ promises to keep output growth in check added to signs of the physical market’s strength and a potential easing in trade tensions between the US and China.
Curious Minds Corner
Before gasoline cars dominated, what was the main product refined from petroleum?
Kerosene was the most valuable product, primarily used for lighting in lamps, replacing whale oil.