Independent oil refiner and marketer Marathon Petroleum Corporation MPC reported earnings per share of $1.49, which comfortably beat the Zacks Consensus Estimate of $1.12 and compared with a loss of 37 cents per share in the year-ago […]
The Black Sea — a major artery for the movement of commodities at the crossroads of Europe and Asia — is suddenly drawing the world’s attention as the conflict in Ukraine unfolds. Half a dozen […]
Phillips 66 may idle a New Orleans-area refinery that suffered so much damage during Hurricane Ida that repairs may be too costly, according to people familiar with the operation. Chief Executive Officer Greg Garland is […]
Port Fourchon, America’s biggest base supporting the U.S. Gulf of Mexico offshore oil industry, appears to have largely withstood a powerful punch left by Hurricane Ida after the Category 4 storm tore through the Louisiana […]
Storm spurs refiners, pipeline networks to suspend operations OPEC+ expected to endorse oil supply increase at midweek meet Oil edged higher in New York as offshore explorers assess damage from Hurricane Ida and as investors […]
Oil and natural gas explorers in the U.S. Gulf of Mexico and Louisiana refineries have shut production as Hurricane Ida crashes ashore. Based on the latest forecast by the National Hurricane Center, Ida will make landfall near New Orleans […]
Some U.S. motorists who’d been expecting an end-of-summer relief for gasoline prices should start bracing for higher costs at the pump in the coming days due to Hurricane Ida. Ida made landfall in Louisiana Sunday and is […]
A strengthening Hurricane Ida, bearing high winds and the likelihood of flooding rain as it heads for the Louisiana coast, could damage the energy-heavy Gulf Coast economy and potentially have economic consequences well beyond the […]
Energy News Beat Publishers Note: The more we can use existing infrastructure such as refineries and pipelines for renewable fuels is a great thing. Let’s build more infrastructure that will be able to be used […]
India state refiners are set to invest 2 trillion rupees ($26.96 billion) to boost oil refining capacity by 20% in Asia’s third-largest economy by 2025, junior oil minister, Rameswar Teli, told lawmakers on Wednesday. India, the world’s third-biggest […]
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