Six 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 […]
Firefighters 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 […]
Two 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 […]
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 […]
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 […]
Daily 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 […]
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 […]
Data source: China National Bureau of Statistics, China General Administration of Customs, and Bloomberg L.P. Note: We define apparent demand as refinery production plus imports minus exports. Gasoline consumption in China has begun to fall in recent […]
ConocoPhillips COP recently completed the acquisition of Marathon Oil Corporation, which was initially announced in May, 2024. The acquisition will enhance its deep, durable and diverse portfolio aligned with its strict financial framework. It will bolster […]
Texas Pacific Land, a large owner of acreage in the Permian basin, will replace Marathon Oil in the S&P 500 index on November 26, as Marathon Oil is being acquired by ConocoPhillips in a deal […]
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