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HomeDownstream

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Big Oil Companies

Nuclear Solutions & Global Risks?!

March 28, 2024 Andy Del Prado

Daily Standup Top Stories Colorado lawmakers adopt cuts, hard choices as state faces $170 million budget shortfall March 27, 2024 Mariel Alumit Between March 15 and March 21, the six members of the Joint Budget Committee — […]

Phillips 66
Big Oil Companies

Phillips 66 explores sale of pipeline stake worth over $1 billion, sources say

March 27, 2024 Mariel Alumit

March 26 (Reuters) – U.S. oil refiner Phillips 66 (PSX.N),  is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people […]

pump prices
Downstream

Pump-Prices To Hit $4 A Gallon As “Real Sleeper Risk” For Oil Market Looms

March 27, 2024 Mariel Alumit

US oil prices have recently jumped above the $80 a barrel mark – the highest level since late 2023, sending worrying signals to the Federal Reserve and overly anxious White House. The surge in WTI […]

Czech Conglomerate
Crude Oil News

Czech Conglomerate to Buy Major Stake in Gasnet for $917MM

March 22, 2024 Mariel Alumit

Czech conglomerate ÈEZ Group is acquiring a 55.21 percent stake in GasNet, the Czech Republic’s leading gas distribution infrastructure operator, in a move to transition from coal-powered energy generation to natural gas and hydrogen. CEZ […]

PetroChina's Guangdong Petrochemical
Crude Oil News

PetroChina’s Guangdong Petrochemical to receive first Venezuelan crude cargo around March 23

March 21, 2024 Mariel Alumit

PetroChina’s Guangdong Petrochemical in southern Guangdong province will receive a Venezuelan Merey crude cargo around March 23, a source with close knowledge of the matter said March 21. The shipment will be the first Venezuelan […]

EU
Downstream

Industry’s share of EU economy set to shrink, says CEO of German chemicals giant

March 20, 2024 Mariel Alumit

  The EU’s industrial output as a share of total GDP will decline as a result of persistently high energy prices, the head of the world’s largest chemicals company has said, adding that such a […]

Japan
Downstream

Eight dead in chemical tanker capsize incident off Japan

March 20, 2024 Mariel Alumit

Asahi Shimbun (You Tube) At least eight crew members were killed after a South Korean-flagged chemical tanker anchored off the coast of Japan capsized. The 11-strong crew of the 1996-built tanker Keoyoung Sun requested assistance […]

drone
Crude Oil News

Ukrainian drone campaign takes out up to 900,000 barrels a day of Russian oil refining capacity

March 19, 2024 Mariel Alumit

Ukraine’s drone campaign to knock out Russian refining capacity is scoring some big hits, with as much as 12% of the world’s largest country’s refineries forced to suspend operations. The knock-on effect for tanker shipping […]

Downstream

Daily Energy Standup Episode #322 – US Gasoline Reserve Sale and China’s Oil Access Blocked

March 5, 2024 Andy Del Prado

Daily Standup Top Stories U.S. Northeast Gasoline Reserve Could Be Sold Off March 4, 2024 Mariel Alumit The U.S. could sell off its 1-million-barrel Northeast Gasoline Supply Reserve in the fiscal year of 2024, a funding […]

U.S. Northeast Gasoline Reserve
Downstream

U.S. Northeast Gasoline Reserve Could Be Sold Off

March 4, 2024 Mariel Alumit

The U.S. could sell off its 1-million-barrel Northeast Gasoline Supply Reserve in the fiscal year of 2024, a funding bill up for discussion at U.S. Congress says. Under the draft text of the bill, “the Secretary […]

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