Darren
Barbee
Oil and Gas Investor
Adkins: Saudi Cuts to Stay, EVs are Overrated and China Matters Less
Marshall Adkins, head of energy at Raymond James, isn’t buying the prevailing wisdom that weakening Chinese oil demand, EV encroachment and a potential OPEC supply increase are legitimate threats to the oil market.
Phillips 66 Sells Interest in Swiss-based Petrol Station Operator
Phillips 66 Ltd. is selling its 49% non-operated equity interest in Switzerland’s Coop Mineraloel, an operator of retail sites and petrol stations.
TotalEnergies to Invest $400MM in LPG
TotalEnergies is investing more than $400 million into LPG to provide more than 100 million people in Africa and Asia access to clean cooking methods by 2030.
Canadian Railway Companies Brace for Strike
A service disruption caused by a strike in May could delay freight deliveries of petrochemicals.
The Latest
Adkins: Saudi Cuts to Stay, EVs are Overrated and China Matters Less
Marshall Adkins, head of energy at Raymond James, isn’t buying the prevailing wisdom that weakening Chinese oil demand, EV encroachment and a potential OPEC supply increase are legitimate threats to the oil market.
Phillips 66 Sells Interest in Swiss-based Petrol Station Operator
Phillips 66 Ltd. is selling its 49% non-operated equity interest in Switzerland’s Coop Mineraloel, an operator of retail sites and petrol stations.
US to Close Northeast Gasoline Reserve with 1 MMbbl Sale
The Biden administration will sell nearly 1 MMbbl of gasoline in the U.S. managed stockpile in northeastern states as required by law, the Department of Energy said on May 21, effectively closing the reserve.
TotalEnergies to Invest $400MM in LPG
TotalEnergies is investing more than $400 million into LPG to provide more than 100 million people in Africa and Asia access to clean cooking methods by 2030.
Canadian Railway Companies Brace for Strike
A service disruption caused by a strike in May could delay freight deliveries of petrochemicals.
Global Partners Buys Four Liquid Energy Terminals from Gulf Oil
Global Partners initially set out to buy five terminals from Gulf Oil but the purchase of a terminal in Portland was abandoned after antitrust concerns were raised by the FTC and the Maine attorney general.
Diamondback, Verde Plan Converting Permian Natgas to Gasoline
Diamondback Energy subsidiary Cottonmouth Venture LLC has entered into a joint development agreement with Verde Clean Fuels to build a natural gas-to-gasoline facility in the Permian Basin.
Exxon Starts Up $2B Chemical Production Expansion in Baytown
Exxon Mobil Corp. started up a $2 billion chemical production expansion at the U.S. supermajor’s manufacturing complex near Houston.
Enterprise Products Partners Updates Permian Projects, Reports Earnings Slide
Lower commodity prices are blamed for the slide in Enterprise Product Partners’ second quarter results.
Venezuela, Iran Ink 25 Deals During State Visit
Venezuela and the Islamic Republic of Iran signed 25 deals across different development areas, including petrochemicals, during an official visit by Iranian President Seyed Ebrahim Raisi to Caracas.