FINDLAY, Ohio , /PRNewswire/ — Marathon Petroleum Corp. (NYSE: MPC) today announced the close of the $21 billion sale of Speedway to 7-Eleven, Inc., a wholly owned, indirect subsidiary of Seven & i Holdings Co., Ltd (3382: Toyko). In conjunction […]
Japanese refiners plan to sell assets and speed structural reform and overseas expansion as fuel demand is expected to fall at a faster pace due to a prolonged impact from the COVID-19 pandemic and an […]
Colonial Pipeline said Saturday that it has returned its systems to “normal operations” following the ransomware attack last week that forced the major pipeline to shut down. The company said on Twitter that it’s delivering […]
Energy News Beat Publishers Note (ENB): This is an excellent opinion piece from Bloomberg. The major issue is this re-distribution of resources would never happen in this day of regulations and political demands of no […]
Scheduling and inventory systems remained offline as operators resumed physical service after nearly a week of outages across the 5,500-mile (8,850km) network. The outage left shippers with no way to redirect barrels to southeastern markets drained by panic […]
The gang talks about the Colonial Pipeline Security breach. Michael Taner and Stu Turley are joined by Connor McCarl all from the Sandstone Group. Some of the transcripts are below. Listen to the podcast on […]
Houston, (Argus) — HollyFrontier plans to enter a US west coast market that is short for gasoline the US independent refiner can supply from a premium perch, the company said today. The company’s planned purchase of Shell’s […]
Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as […]
Canada’s Imperial Oil Ltd posted a first-quarter profit and raised its quarterly dividend on Friday, bolstered by higher crude prices, as well as improved refining and chemical margins. Calgary-based Imperial, which is majority-owned by Exxon Mobil Corp, […]
A fire broke out in one of the facilities at the Bazan oil refineries in Haifa as a result of a damaged pipe in the CCR system on Friday night, the Environment Protection Ministry reported in a […]
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