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Chinese
Crude Oil News

Americans should prepare for cyber sabotage from Chinese hackers, US official warns

June 14, 2023 Mariel Alumit

WASHINGTON (Reuters) – Chinese hackers are all but certain to disrupt American critical infrastructure, such as pipelines and railways, in the event of a conflict with the United States, a senior U.S. cybersecurity official said […]

Eyeing a Shift to Renewables, Worley Sells Its Refinery ...
Downstream

Eyeing a Shift to Renewables, Worley Sells Its Refinery …

June 3, 2023 Mariel Alumit

Australia-based engineer-contractor Worley said May 30 it has completed the sale of its North American unit for refinery and petrochemical plant turnaround and maintenance services to Canada-based CAM Industrial Solutions—as it continues a push into […]

Modern
Commodities

The Modern World Can’t Exist Without These Four Ingredients. They All Require Fossil Fuels

June 2, 2023 Mariel Alumit

Modern societies would be impossible without mass-scale production of many man-made materials. We could have an affluent civilization that provides plenty of food, material comforts, and access to good education and health care without any […]

Russia
Downstream

Drones Target Southern Russia Oil Refineries

May 31, 2023 Mariel Alumit

A fire erupted at an oil refinery in southern Russia’s Krasnodar region on Wednesday after a likely drone attack, its governor said as local officials reported a downed drone near another refinery. Governor Venyamin Kondratyev wrote on […]

US
Downstream

Clean tanker demand drop weighs on US Gulf rates

May 31, 2023 Mariel Alumit

New York, 24 May (Argus) — A sharp drop-off in tonne-mile demand for US Gulf coast medium range (MR) clean tankers so far this year has pressured freight rates for the segment to the lowest […]

Marathon
Crude Oil News

Marathon Oil Keeps Growing And Providing Long-Term Value

May 22, 2023 Mariel Alumit

Marathon Oil Corporation has a sound balance sheet that has been very free with returning capital to shareholders with both dividends and buybacks. We won’t be rid of oil and gas for many more decades, […]

Carbon Capture

Financing the energy transition – we need a plan to provide the lowest kWh along the path

April 30, 2023 Mariel Alumit

ENB Pub note: Excellent article from White & Case about the Energy Transition. Looking at the money is like the old phrase “Follow The Money.” For years, climate change campaigners and policymakers have argued that […]

Commodities

Europe Is Buying Record Amounts Of Refined Russian Fuels Through India, And Paying A Huge Markup

April 29, 2023 Mariel Alumit

Last August, we were the first to show how Russia was bypassing Europe’s so-called commodities embargo: it was selling LNG to China which was then re-selling it to Europe at a substantial mark up. And […]

Exxon delivers a record first-quarter profit on higher output
Big Oil Companies

Exxon delivers a record first-quarter profit on higher output

April 29, 2023 Mariel Alumit

Exxon Mobil  on Friday reported a record first-quarter profit that was more than double from a year ago and topped Wall Street estimates as rising oil and gas output overcame a pullback in energy prices […]

gas
Downstream

Here’s where gas prices are headed (for now) and why

April 27, 2023 Mariel Alumit

Higher temperatures. Higher gas prices. Drivers across the country have seen that seasonal given play out in recent weeks. The national average for a gallon of regular gas was $3.64 on April 26, up 21 […]

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