Phillips 66’s decision to shutter its Los Angeles-area refinery by the end of 2025, with layoffs beginning in December, marks another blow to California’s already strained refining sector. The closure, affecting 600 employees and 300 […]
Daily Standup Top Stories Saudi Arabia’s Budget Deficit Surged Before the Oil Price Crash May 6, 2025 Clark Savage ENB Pub Note: The story below is from Tsvetana Paraskova on Oilprice.com, and she has some great […]
Marathon Petroleum Corporation (MPC) released its Q1 2025 earnings results on May 6, 2025, reporting a net loss attributable to MPC of $74 million, or $0.24 per diluted share, compared to a net income of […]
Daily Standup Top Stories U.S. LNG will be the United States’ largest export product – Secretary Chris Wright On the Crude Truth Substack, Rey Trevino writes: Secretary Chris Wright provided a comprehensive summary of the […]
ENB Pub Note: This article from the EIA highlights significant challenges that the United States’ oil and gas companies face. However, what the world is facing is a lack of investment in oil and gas, […]
Harvest Alaska said on Thursday it has signed a deal with Marathon Petroleum (MPC) and Chugach Electric Association to bolster Southcentral Alaska’s energy supplies through Harvest’s acquisition and re-development of the existing Kenai LNG terminal, […]
Big Oil is trumping the Magnificent Seven on the stock market this year in an oil stocks rally that few had expected a few months ago. Energy stocks have outperformed the top tech stocks this […]
(Reuters) U.S. refiner Marathon Petroleum Corp reported a 63% drop in second-quarter profit on Tuesday, as improved fuel supplies and slowing economic activity compressed its margins. Despite resilient fuel demand in the U.S., an increase […]
In the wake of multiple bank collapses over the past week, many banking stocks’ valuations have fallen sharply and are trading at deep discounts right now. One investor, however, that definitely won’t be looking for […]
The most expensive gasoline in the United States can be found at the Chevron station in Mendocino, California, where a gallon of regular unleaded will set you back $9.46, and it would cost $289 to fill […]
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