Oil Price Elliott Investment Management, an activist investment group, said on Wednesday it had amassed a $1-billion stake in one of the largest U.S. refiners, Phillips 66, and expressed dissatisfaction with the company’s underperformance in recent years. […]
ENB Pub Note: While looking at the EU imports of refined products, you must compare the Indian crude oil imports to their refineries. You will see the Russian oil being refined and sent back to […]
The last time European petrochemical plants processed so little of their favorite feedstock, Sweden’s ABBA was the most popular band on the continent, and the Fall of Saigon had marked the end of the Vietnam […]
Oil Price The U.S. gasoline crack spread – a leading refining profitability indicator – slumped in October to the lowest level in nearly three years amid seasonally weaker American gasoline demand and the switch to […]
Oil Price Strong U.S. fuel demand helped Marathon Petroleum (NYSE: MPC) easily beat analyst estimates after reporting on Tuesday an adjusted net income of $3.2 billion for the third quarter of 2023. Adjusted earnings per share […]
Daily Standup Top Stories ExxonMobil CEO sees tight world oil supplies for next few years October 31, 2023 Mariel Alumit (Bloomberg) – Exxon Mobil Corp. sees tight global oil supplies putting upward pressure on energy prices […]
HOUSTON (Reuters) – Energy pipeline operator Enterprise Products Partners will expand its natural gas liquids (NGLs) operations, adding a pipeline from Texas’ Permian Basin, new plants to process natural gas, and converting an oil pipeline […]
The global diesel market is bracing for a tumultuous period in 2024. Several factors, from geopolitical tensions to regulatory changes, are converging to create a perfect storm. This article will delve into these factors and […]
Authored by Charles Kennedy via OilPrice.com, India’s diesel exports loading for Europe hit a record high in September amid open arbitrage for westbound shipments, Reuters reported on Wednesday, citing tanker-tracking data and analysts. Last month, diesel cargoes […]
ENB Pub Note: Update from Ronald Stein, Author, Columnist, and Founder at PTS Advance. Please follow Ronald Stein and check out his book and his interview on the Energy News Beat Here: “The refinery issues […]
Copyright © 2025 | Sandstone Group