Last week, Pacific rates experienced a $5,500 increase and Atlantic rates decreased. “Spark30s Atlantic rates continued to decrease for the fourth consecutive week, falling by $1,250 to $73,750 per day,” Qasim Afghan, Spark’s commercial analyst told LNG Prime […]
Crude oil imports from Canada have become increasingly important to U.S. oil refineries, now making up most U.S. imports. U.S. oil refining capacity stood at 18.4 million barrels per day (b/d) as of January 1, 2024. In […]
Shell reported adjusted earnings of $6.3bn for the second quarter, beating analyst consensus. The company initiated a $3.5bn share buyback program, to be completed by the third quarter results. Shell’s focus on value under CEO […]
Occidental Petroleum (NYSE:OXY) has disclosed that Colombia’s Ecopetrol S.A. (NYSE:EC) has pulled out of a deal to buy a 30% stake in Occidental’s CrownRock assets. Last year, Occidental announced a deal to acquire CrownRock and its significant Permian Basin assets in a […]
Turkey’s state energy company BOTA? has raised natural gas prices by 38% for households and 33.1% for small industrial customers, effective August 1st. The price hike comes just over a year after President Erdogan promised […]
Once the ongoing effort by the legacy media to reinvent presumptive Democratic nominee Kamala Harris as a dynamic leader and competent campaigner passes, we will presumably enter the part of the presidential race in which […]
Saudi Arabia’s gross domestic product contracted again in the second quarter compared to year-ago levels, pushed down by an 8.5% dip in oil activities as the Kingdom is cutting oil production as part of the […]
Potentially massive quantities of naturally produced hydrogen were discovered in France last year. Since then, prospectors across Europe have been on the lookout for more deposits and are calling for greater public support for […]
US shipping and logistics company Crowley has taken delivery of a 12,000-cbm LNG bunkering barge which will serve a unit of LNG giant Shell. Fincantieri Bay Shipbuilding in Sturgeon Bay, Wisconsin, built the LNG bunkering […]
The death of Ismail Haniyeh is a challenge to Iran and other members of the anti-Israeli ‘Axis of Resistance’ The last few days of July were exceptionally hot in the Middle East, and not because […]
Copyright © 2025 | Sandstone Group