Asian refineries are grappling with what’s expected to be a brief period of weak profits as a demand-sapping Covid-19 comeback across the region coincides with a likely surge in oil-product exports from Iran. The virus […]
Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update The average retail price for regular gasoline in the United States on May 24, the Monday before the Memorial Day weekend, was $3.02 per gallon (gal), the […]
Brazil’s state-controlled Petrobras’ 115,000 b/d Abreu e Lima refinery (RNEST) will undergo 90 days of maintenance starting in June, putting a strain on domestic production of green petroleum coke and ultra-low sulfur diesel. The company […]
FINDLAY, Ohio , /PRNewswire/ — Marathon Petroleum Corp. (NYSE: MPC) today announced the close of the $21 billion sale of Speedway to 7-Eleven, Inc., a wholly owned, indirect subsidiary of Seven & i Holdings Co., Ltd (3382: Toyko). In conjunction […]
Japanese refiners plan to sell assets and speed structural reform and overseas expansion as fuel demand is expected to fall at a faster pace due to a prolonged impact from the COVID-19 pandemic and an […]
Colonial Pipeline said Saturday that it has returned its systems to “normal operations” following the ransomware attack last week that forced the major pipeline to shut down. The company said on Twitter that it’s delivering […]
Energy News Beat Publishers Note (ENB): This is an excellent opinion piece from Bloomberg. The major issue is this re-distribution of resources would never happen in this day of regulations and political demands of no […]
Scheduling and inventory systems remained offline as operators resumed physical service after nearly a week of outages across the 5,500-mile (8,850km) network. The outage left shippers with no way to redirect barrels to southeastern markets drained by panic […]
The gang talks about the Colonial Pipeline Security breach. Michael Taner and Stu Turley are joined by Connor McCarl all from the Sandstone Group. Some of the transcripts are below. Listen to the podcast on […]
Houston, (Argus) — HollyFrontier plans to enter a US west coast market that is short for gasoline the US independent refiner can supply from a premium perch, the company said today. The company’s planned purchase of Shell’s […]
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