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Chevron Upgrades Refinery to Expand Light Crude Processing Capacity
The retrofit of Chevron’s Pasadena facility increases equity Permian crude processing capacity by 15%.
Clean Harbors Increases Pricing for Used Oil Services
Clean Harbors said the changes come in response to lower value and return on its re-refined products due to price declines in base oil, vacuum gas oil and recycled fuel oil.
Global Partners Closes on Liquids Terminal Deal with Exxon
Global Partners’ newly acquired Rhode Island liquids terminal adds gasoline infrastructure to its portfolio.
Pitts: How Venezuelan Elections Impact Texas and Louisiana
The ramifications of another questionable election in Venezuela comes as Chevron’s quest to recoup debts continues. And Washington’s likely next steps will include more of the same: sanctions.
The Latest
Chevron Upgrades Refinery to Expand Light Crude Processing Capacity
The retrofit of Chevron’s Pasadena facility increases equity Permian crude processing capacity by 15%.
US Crude Stocks Rise, Gasoline and Distillate Inventories Fall, EIA Says
U.S. crude stocks rose while gasoline and distillate inventories fell in the week ending Nov. 8.
Clean Harbors Increases Pricing for Used Oil Services
Clean Harbors said the changes come in response to lower value and return on its re-refined products due to price declines in base oil, vacuum gas oil and recycled fuel oil.
Global Partners Closes on Liquids Terminal Deal with Exxon
Global Partners’ newly acquired Rhode Island liquids terminal adds gasoline infrastructure to its portfolio.
Pitts: How Venezuelan Elections Impact Texas and Louisiana
The ramifications of another questionable election in Venezuela comes as Chevron’s quest to recoup debts continues. And Washington’s likely next steps will include more of the same: sanctions.
Florida Gas Stations Run Empty Amid Panic Ahead of Hurricane Milton
Terminals, pipelines and gas stations are shutting down in Florida as the state readies for the impacts of Hurricane Milton.
Macquarie Sees Potential for Large Crude Draw Next Week
Macquarie analysts estimate an 8.2 MMbbl draw down in U.S. crude stocks and exports rebound.
US Gasoline Margins Slump on Lackluster Summer Demand
Gasoline futures were last down about 2.8% and their premium over West Texas Intermediate crude oil futures shrank to their weakest since Nov. 7, 2023.
What's Affecting Oil Prices This Week? (July 1, 2024)
Stratas Advisors expects price movements in the coming week to be dampened because of economic and political uncertainty.
Russia Forming Joint Organization With OPEC Highly Unlikely Given US Sanctions Risk
Proposed U.S. legislation known as "NOPEC" could open OPEC up to anti-trust lawsuits, which complicates plans for an OPEC+ format that would've included Russia, the country's energy minister says.