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HomeDownstream

Downstream

Carbon Capture

Trudeau to Order Oil, Gas Producers to Cut Emissions by 35%

November 4, 2024 Clark Savage

Industry limit to be implemented through cap-and-trade system Canada to start collecting data in 2026, enforcement in 2030 Prime Minister Justin Trudeau’s government will require Canada’s oil and gas industry to cut emissions by 35% from 2019 […]

Bankruptcy

Election Game-Changers

November 3, 2024 Andy Del Prado

Daily Standup Top Stories 10 Can’t-Miss Election Predictions November 2, 2024 Clark Savage ENB Pub Note: This is an excellent article from Robert Bryce’s Substack. I am reaching out to him and will try to record […]

Downstream

LyondellBasell to Shut Down Houston Refinery

November 2, 2024 Stu Turley

ENB Pubnote: This is an excellent article from Nathan Hammer’s Substack. I recommend subscribing for his excellent articles on energy.   The closure process is set to begin in January 2025, with the company expecting […]

Saudi Aramco’s $100 Billion Signal About the Future Value of Oil
Downstream

Saudi Aramco eyes oil, petrochemicals investments in Vietnam

November 1, 2024 Mariel Alumit

Saudi Aramco is looking to invest in oil refining, petrochemicals, and oil product distribution in Vietnam, PetroVietnam said Oct. 30, a day after both state-owned companies had inked a collaboration framework agreement on oil and […]

Oil Demand
Crude Oil News

Sinopec, PetroChina Hit Hard by China’s Slowing Oil Demand

October 30, 2024 Mariel Alumit

China’s two largest refiners, Sinopec and PetroChina, have reported steep declines in refining output as domestic oil demand weakened further in the third quarter. Lower refining and chemicals demand contributed to a sharp drop in […]

Aramco CEO
Crude Oil News

Aramco CEO: Global South Will Drive Oil Demand for Decades

October 23, 2024 Mariel Alumit

Aramco CEO Amin Nasser is optimistic about China’s oil demand, particularly in the chemical and aviation fuel sectors. Nasser believes that the global energy transition is happening slower than anticipated and that oil demand will […]

Downstream

California’s energy dilemma and how new laws might spark even higher gas prices

October 19, 2024 Stu Turley

Governor Gavin Newsom recently signed a law aimed at preventing gas price spikes in California, but experts say the new regulations could have unintended consequences that harm consumers and the industry. The recent closure announcement […]

Crude Oil News

Gavin Newsom Chases Another Oil Company Out of California

October 18, 2024 Stu Turley

Phillips 66 announced Wednesday that it plans to close operations at its Los Angeles-area refinery late in 2025. The company said in a press statement that it “will work with the state of California to supply fuel […]

Newsom
Climate Crisis

Gov. Newsom Signs Law Letting Bureaucrats Control Refinery Levels To Target Price Hikes

October 16, 2024 Mariel Alumit

Gavin Newsom enacted a law empowering state bureaucrats to monitor and control inventory levels at oil refineries, aiming to prevent gas price hikes. Democratic California Gov. Gavin Newsom enacted a law Monday that will empower […]

Global refinery margins
Downstream

Global refinery margins fall to multiyear seasonal lows in September

October 16, 2024 Mariel Alumit

Refinery margins for petroleum refiners across the world are shrinking, indicating reduced profitability from refining crude oil and selling petroleum products. Declining margins are the result of relatively weak demand for petroleum products even as […]

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