Saudi Aramco is actively seeking M&A opportunities in the downstream and LNG sectors. The company has recently entered the Chinese and Pakistani markets through acquisitions. Aramco aims to expand its international presence and secure additional […]
Deadline for recommendation on winning bid expired on Aug. 22 The court-ordered sale hearing is scheduled for Oct. 30 Elliott Investment Management is the leading bidder in a US court-ordered auction of the parent company of […]
A series of refinery outages in Chicago and Ohio have generally increased Midwest prices for petroleum products relative to the U.S. average, particularly gasoline. The outages reflect an unusual decline in refining activity near the […]
California’s Gov. Gavin Newsom has a new scheme for how his state can avoid more gasoline price spikes — more regulations and fines. California’s Gov. Gavin Newsom has a new plan for how his state […]
Weak Chinese demand indicators continued to drag oil prices down on Monday, with the U.S. benchmark poised to lose nearly 3% and Brent crude not far behind. At 2:46 p.m. ET on Monday, West Texas Intermediate (WTI) […]
Weekly Daily Standup Top Stories Politicians Backing Net Zero Working Hard To Make Gas Prices Much Higher August 10, 2024 Stu Turley The only way for ‘net zero’ politicians like Kamala Harris to eliminate gasoline is […]
Our estimates of diesel consumption in China totaled 3.9 million barrels per day (b/d) in June 2024, a decline of 11% from the same month last year and the largest year-over-year decline in consumption for […]
Danish utility Ørsted has abandoned its pioneering e-methanol project under construction in northern Sweden, blaming poor market growth and difficulty in securing long-term offtake contracts. Ørsted assumed full ownership and took a final investment decision […]
U.S. petroleum refiners have trimmed crude processing rates in response to a rise in fuel inventories and a decline in refining margins since the start of 2Q 2024. Refiners’ gross inputs of crude and unfinished […]
After an optimistic start to the summer that sent jet fuel demand soaring, analysts now caution that global jet fuel demand is set for a slowdown in tandem with consumer spending, with the potential to […]
Copyright © 2026 | Sandstone Group