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HomeDownstream

Downstream

Coal

UK Net Zero 2030 Feasibility

July 9, 2024 Andy Del Prado

Daily Standup Top Stories South Dakota clashes with Minnesota on clean energy, coal plant closures July 8, 2024 Mariel Alumit SIOUX FALLS, S.D. – A political border war between South Dakota and Minnesota on how to […]

Volatile Summer
Downstream

U.S. Fuel Prices Set for Volatile Summer

July 8, 2024 Mariel Alumit

U.S. gasoline and diesel prices are set for a more volatile summer this year as an expected busier-than-usual hurricane season and extremely high temperatures could weigh on refinery production, analysts have told Reuters. A higher number […]

traders
Big Oil Companies

Energy traders are snapping up refineries away from Big Oil

July 5, 2024 Stu Turley

It’s one of the areas where trading houses — who have long coveted the refining and distribution assets that help drive oil majors’ mega trading earnings — are investing huge returns from the most profitable […]

Citgo
Bankruptcy

Court Hearing on Citgo Auction Could Be Delayed Until September

July 1, 2024 Mariel Alumit

The court officer who oversees the auction of Venezuela’s PDV Holding, the parent company of refiner Citgo Petroleum, has asked a Delaware court to postpone the hearing on the winning bids by two months until […]

Covestro
Big Oil Companies

Covestro Enters Formal Talks on Takeover Offer by ADNOC

June 25, 2024 Mariel Alumit

Covestro AG said it’s entering concrete negotiations with suitor Abu Dhabi National Oil Co. on a potential takeover that could value the German chemical company at about €11.7 billion ($12.5 billion). The Middle Eastern energy […]

BP
Big Oil Companies

BP Scales Back Biofuels Investment at Germany, US Sites

June 21, 2024 Mariel Alumit

BP Plc has scaled back plans for biofuels production at its Cherry Point refinery in the US and its Lingen plant in Germany. The company won’t proceed with plans for stand-alone biofuels production units at […]

refinery capacity
Diesel

U.S. refinery capacity increased 2% in 2023

June 18, 2024 Mariel Alumit

Operable atmospheric crude oil distillation capacity, our primary measure of refinery capacity in the United States, increased by 2%, or 324,000 barrels per day (b/d), in 2023, according to our recently published Refinery Capacity Report. Every […]

AI

Republicans Win Biden’s Green Policies

June 18, 2024 Andy Del Prado

Daily Standup Top Stories Russia’s War in Ukraine Has Produced $32 Billion in Climate Damage June 17, 2024 Mariel Alumit CLIMATEWIRE | In November 2022, the United Nations resolved that Russia should pay reparations for the losses, […]

China
Crude Oil News

China Accelerates Crude Stockpiling Amid Weak Refining Output

June 17, 2024 Mariel Alumit

China accelerated the pace of stockpiling crude oil inventories in May amid lower refining throughput and weaker crude imports compared to last year, in further bearish signs about China’s apparent oil demand so far this […]

Commodities

Week Recap: Fossil Fuels Resurge, Green Costs Rise, and PetroYuan’s Reality

June 15, 2024 Andy Del Prado

Weekly Daily Standup Top Stories New Zealand to lift oil drilling ban amid blackout fears in blow to Starmer June 9, 2024 Stu Turley New Zealand was on Saturday night expected to revoke a ban on […]

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