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Crude Oil News

India set for major boost to crude refining capacity – Bloomberg 

January 31, 2024 Stu Turley

  New Delhi is planning to increase fuel production by over 20% in the next five years India is poised to significantly increase its crude refining capacity in an effort to accommodate its growing demand […]

California
Big Oil Companies

California and Big Oil are splitting after century-long affair

January 29, 2024 Mariel Alumit

Jan 29 (Reuters) – It is the end of an era for Big Oil in California, as the most populous U.S. state divorces itself from fossil fuels in its fight against climate change. California’s oil […]

Crude Oil News

Drone attack prevented at Russian oil plant – governor

January 29, 2024 Mariel Alumit

[[{“value”:” A UAV spotted over a refinery in Yaroslavl Region was reportedly brought down using electronic warfare systems A drone was used to target an oil refinery in Russia’s Yaroslavl Region on Monday, according to […]

Nigeria
Crude Oil News

Nigeria Destroyed Over 5,500 Illegal Refineries in Last Three Years: NNPC

January 23, 2024 Mariel Alumit

The Nigerian National Petroleum Co. Ltd. (NNPC) destroyed more than 5,500 unauthorized refineries and nearly 4,500 illegal pipeline connections over the last three years, according to the national oil and gas company’s chief executive. Speaking […]

Sunoco
Downstream

Sunoco to Buy NuStar Energy in $7.3 Billion Deal

January 22, 2024 Mariel Alumit

Gas station owner Sunoco LP will buy pipeline and liquids terminal operator NuStar Energy in an all-equity transaction valued at around $7.3 billion, including debt, the companies said on Monday in the latest merger deal in the […]

India
Crude Oil News

India as an Emerging Energy Supplier to the EU: Major Factors

January 6, 2024 Stu Turley

Since the start of the Russia-Ukraine war in February 2022, energy trade (especially oil) between Russia and India has increased unexpectedly. Before the beginning of the war, India’s share of Russian oil imports was only […]

Downstream

Phillips 66 in talks for non-core assets sale: CEO

January 5, 2024 Stu Turley

Investing U.S. refiner and petrochemical manufacturer Phillips 66 (NYSE:PSX) is in active discussions for a sale of its non-core assets, Chief Executive Mark Lashier said on Thursday during an energy conference. Last year, the company […]

Carbon Credit

Daily Energy Standup Episode #276 – Weekly Recap: Market Shifts, Legal Showdowns, and Global Tensions

December 23, 2023 Andy Del Prado

Daily Standup Weekly Top Stories A Shale Oil CEO’s Second Act: Going Green December 17, 2023 Stu Turley For almost a decade, Tony Sanchez III was the epitome of a shale-boom CEO—furiously drilling oil wells, piling on debt […]

Crude Oil News

Daily Energy Standup Episode #275 – Wind Farm Challenges, Oil Price Forecasts, and Global Tensions Unveiled

December 21, 2023 Andy Del Prado

Daily Standup Top Stories Another Offshore Wind Farm Hits the Dust December 20, 2023 Stu Turley Key Takeaways 1: The developer of “Icebreaker,” a small project in Lake Erie, announced it is pulling stakes on its […]

Diesel
Downstream

Red Sea Tensions Threaten to Disrupt Diesel Market Stability

December 20, 2023 Mariel Alumit

Increased distillate production and slowing economic activities have led to rising diesel stocks and falling prices. Weak manufacturing activity in the U.S. and Europe contributes to reduced diesel demand, easing the market. Geopolitical tensions near […]

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