Coal
Refineries are BACK!
Daily Standup Top Stories ADNOC Moves Ahead With Huge LNG Export Project in UAE June 12, 2024 Mariel Alumit Abu Dhabi’s national oil company ADNOC has taken the final investment decision to move forward with the […]
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Houston energy company to build largest new refinery in half a century
A Houston company will construct the largest new refinery in the last 50 years in Brownsville, Texas. Element Fuel Holdings LLC is spending between $3 and $4 billion on the project, which will produce more than 160,000 […]
Crude Oil News
China Imports of Iran Oil Up in May on Better Refining Margins
China’s imports of Iranian crude in May surged to the highest level in seven months after a recovery in refining margins. The Asian nation imported 1.54 million barrels a day of Iranian oil last month, […]
Crude Oil News
Ukraine Strikes Oil Installations in Russian Border Regions
Suspected Ukrainian drone strikes early on June 6 set Russian oil installations on fire in two regions bordering Ukraine as Russia continued to launch strikes on civilian targets in several Ukrainian regions. A drone attack on an oil refinery […]
Cyber Terrorism
Our chemical facilities are vulnerable to attack, ACC president says
If our nation suffers another terrorist attack, it will be hard to argue that the signs weren’t there for us to see. The federal government has expressed growing concern that AI will empower attacks on our water, […]
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EV Market Cooling?
Daily Standup Top Stories What’s Going on with Electric Vehicles? May 21, 2024 Mariel Alumit 2024 has not been kind to the electric vehicle, particularly in the United States. Sales are down, Tesla laid off staff, […]
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Phillips 66 to Acquire Pinnacle Midstream from Energy Spectrum Capital
Transaction advances company’s wellhead-to-market strategy HOUSTON, May 20, 2024–(BUSINESS WIRE)–Phillips 66 (NYSE: PSX) announced today it has agreed to acquire Pinnacle Midland Parent LLC (Pinnacle) from private equity firm Energy Spectrum Capital for cash consideration […]
Crude Oil News
Major Russian bank to revive South African refinery
PetroSA and Russia’s Gazprombank are currently investigating the feasibility of restarting operations at a fuel plant in Mossel Bay South Africa’s national oil company PetroSA and Russia’s Gazprombank are conducting a feasibility study with a […]
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Higher refining costs could increase summer gasoline prices
Average monthly prices for regular-grade retail gasoline in the United States could increase by more than 10 cents per gallon (gal) if refinery output is lower than expected, according to an analysis we published on […]
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Russia Targets Kharkiv in Major Offensive After Kyiv Attacks Refineries
Over the weekend, Russia launched a major offensive in the Kharkiv region. Russia’s end game for this region appears to be to occupy the city of Kharkiv, the second-largest city in Ukraine. Ukrainian drone attacks […]