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 […]
Pretoria has expressed confidence that selecting Gazprombank as an investor will not trigger Western sanctions South African national oil company PetroSA has chosen Russia’s Gazprombank as its preferred investment partner to revive a gas-to-liquid (GTL) […]
Daily Standup Top Stories Major grid operator warns legal agreement to shutter coal plant will devastate electric reliability December 11, 2023 Mariel Alumit A major power grid operator that oversees electricity supplies across the mid-Atlantic repeated […]
India, the world’s third-largest crude oil importer, expects to raise its refining capacity by around 1.12 million barrels per day (bpd) each year until 2028, according to India’s junior oil minister Rameswar Teli. Total Indian […]
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 […]
Copyright © 2026 | Sandstone Group