Daily Standup Top Stories US stuns European allies, opens Ukraine peace talks with Russia February 12, 2025 Mariel Alumit BRUSSELS – Donald Trump said on Wednesday he and Vladmir Putin had agreed to open talks to end Russia’s war in Ukraine “immediately”, after his defence secretary said it was “unrealistic” that Ukraine’s pre-2014 […] Saudi Arabia’s […]
Continue ReadingCrude has six times more water than industry standard Pemex was hit with complaints and demands for discounts US oil refiners along the Gulf Coast are snubbing shipments from Mexico and instead turning to Colombia and Canada amid complaints that Petroleos Mexicanos is increasingly delivering crude that’s unfit to make gasoline and diesel. Refiners in Texas and […]
Continue ReadingThe biggest refinery in southern Russia and a major gas processing plant controlled by Gazprom were hit by a massive attack of Ukrainian drones on Monday, officials from Ukraine and Russia said. Lukoil’s refinery in Volgograd, which is southern Russia’s biggest with 300,000-bpd processing capacity, was hit, regional governor Andrey Bocharov said on Telegram. “As a result of the […]
Continue ReadingSix workers have been injured as a result of a fire at California’s Martinez Refining Company A massive fire broke out at a refinery in Martinez, California on Saturday, prompting a shelter-in-place order for surrounding neighborhoods due to concerns about air quality. The order has since been lifted. The blaze erupted after a hydrocarbon leak […]
Continue ReadingFirefighters rushed to the Martinez Refining Company but couldn’t get inside right away. Thick smoke filled the air, and officials had no idea what chemicals might be burning. A public health advisory is now in effect for Martinez and Pacheco. Air quality inspectors are on-site, warning that the smoke plume could impact nearby cities. People […]
Continue ReadingTwo months ago, Nigeria’s beleaguered energy sector witnessed a very significant event: the Dangote Oil Refinery began producing gasoline and selling it domestically to Nigeria\’s state oil firm, Nigerian National Petroleum Company (NNPC), marking the first time in decades Africa’s largest oil producer is refining its own crude. The state-of-the-art $20.5 billion refinery was launched in […]
Continue Reading
Data source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Note: Retail price is for all formulations of regular grade gasoline. The U.S. retail price for regular grade gasoline averaged $3.30 per gallon (gal) in 2024, $0.21/gal less than in 2023. Lower crude oil prices and narrower refinery margins in 2024 than in 2023 both contributed to the decrease […]
Continue Reading
Western officials have told Indian companies to “carefully evaluate their exports” to Moscow to avoid being sanctioned Officials from the US and EU have urged Indian exporters to evaluate their trade with Russia carefully to ensure compliance with their sanctions, according to a report by the Hindu Business Line. The outlet’s sources said that […]
Continue ReadingDaily Standup Top Stories Traders Become More Bullish on European Diesel as Winter Arrives December 2, 2024 Mariel Alumit Hedge funds and portfolio managers are reducing their short positions on European diesel futures. Rising natural gas prices and colder weather are boosting demand for diesel and gasoil. Traders are becoming more bullish on diesel […] U.S. Enters […]
Continue ReadingDaily Standup Top Stories Trump Picks Oil Field Services Boss Chris Wright as Energy Secretary November 16, 2024 Clark Savage ENB Pub Note: President Trump has committed to lowering our energy bills by 50%, and he is well on his way to doing that by selecting Chris Wright as Secretary of Energy. Chris is the […] US […]
Continue Reading