01162018Tue
Last updateMon, 15 Jan 2018 5pm

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End-User News

U.S. Tax Reform Should Increase Spending by Energy Industry

“The US energy industry has emerged as one of the winners of the historic tax package passed this week. The S&P Oil and Gas Refining Marketing Index is up 27% this year, and hit a record this week on optimism over the bill's passage,” Reuters reports.

“Moving up projects could be advantageous for refiners and pipeline operators such as Valero and Energy Transfer Partners, as they spend billions yearly to expand plants and build pipelines to move increasing volumes of petroleum.” 

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