The Golden State’s Fading Oil Legacy California, once a powerhouse in U.S. oil production, is watching its storied industry fade into history. From a peak of 760,000 barrels per day (b/d) in 2000, output has […]
Data source: Bloomberg L.P. Note: Data through November 26, 2025. All crack spreads are calculated against the Dated Brent crude oil spot price. Global refinery margins for diesel have widened since late October and increased to their […]
In a stark illustration of the petrochemical industry’s deepening woes, ExxonMobil is set to permanently shutter one of its two steam crackers at its sprawling Jurong Island complex in Singapore. The decision, first reported by […]
In a significant escalation of the ongoing energy warfare between Ukraine and Russia, the Caspian Pipeline Consortium (CPC) has suspended oil loading operations at its Black Sea terminal in Novorossiysk following a Ukrainian naval drone […]
Weekly Daily Standup Top Stories Mike Wirth, Chevron CEO, Believes in the Future of Oil, Gas, and Chevron November 15, 2025 Clark Savage In a landscape where energy markets are grappling with uncertainties around oversupply and […]
In the dynamic world of energy markets, refining margins—the profit earned by converting crude oil into usable products like gasoline, diesel, and jet fuel—have surged to multi-year highs in November 2025. This climb is driven […]
In a significant development amid escalating U.S. sanctions on Russian energy firms, Lukoil PJSC’s roster of potential buyers for its international assets has grown to include major players like Exxon Mobil Corp., Chevron Corp., and […]
The world needs trillions of dollars just to meet normal decline curves, and we are tracking the oil and gas businesses’ returns to investors as consistent compared to renewable energy sources. Consumers and investors want […]
In a bold escalation of its campaign against Russian energy assets, Ukraine’s military claimed responsibility for a drone strike on Rosneft’s Ryazan oil refinery, one of Russia’s largest facilities, on November 15, 2025. This attack […]
In a significant move for North America’s energy landscape, Enbridge Inc. has announced the final investment decision on its Mainline Optimization Phase 1 (MLO1) project, greenlighting a $1.4 billion expansion to enhance the flow of […]
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