Texas-based utility Vistra Energy has struck a $1.9-billion deal for the acquisition of close to 2.6 GW worth of gas-powered generation capacity across several states from Lotus Infrastructure Partners.
Oil prices are rising, with Brent crude at $64.70 per barrel and WTI at $61.80, heading for a weekly gain of over 1%. Optimism over U.S.-China trade relations is supporting the market, despite concerns about potential Iranian supply returning as nuclear negotiations continue.
Curious Minds Corner
How ancient is the oil we pump today?
Most oil formed during the Mesozoic Era (66-252 million years ago), primarily from buried plankton and algae, not dinosaurs.