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By Shariq Khan Colonial crews still searching for source of suspected gasoline leak in Georgia Line 1 outage duration on par with Colonial shutdown in 2021 due to cyberattack Market impact limited by high stockpiles, refinery output NEW YORK, Jan 15 (Reuters) – Colonial Pipeline’s main U.S. gasoline artery is expected to remain shut through …
Colonial Pipeline’s Main US Gasoline Artery Likely Shut Until Friday Read More »
(Reuters) – Flowco Holdings has raised $427.2 million after pricing its U.S. initial public offering above its targeted range, the oilfield services provider said on Wednesday. Flowco priced its offering of 17.8 million shares at $24 each. The company had marketed to list its shares in the range of $21 and $23. Strong equity markets, …
Oilfield Services Provider Flowco Raises $427 mln in US IPO Read More »
(Reuters) – U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 2 million barrels to 412.7 million barrels in the week ending Jan. 10, the EIA said, compared with analysts’ expectations in a Reuters poll for a 992,000-barrel draw. Crude …
US Crude Stocks Fall, Gasoline and Distillate Inventories Rise, EIA Says Read More »
A judge has dismissed New York City’s lawsuit alleging that Exxon Mobil, BP and Shell were liable for misleading the public about their products, and their commitment to renewable energy and fighting climate change. In a decision on Tuesday, state Supreme Court Justice Anar Patel in Manhattan rejected the city’s argument that the oil companies should …
(Reuters) – Colonial Pipeline, the largest U.S. fuel pipeline operator, said on Tuesday that the main artery moving gasoline from the U.S. Gulf Coast to the East Coast has been shut since Monday night due to a potential spill in Paulding County, Georgia. Line 1 was temporarily shut as operator Colonial Pipeline responds to a …
Colonial Pipeline Shuts Main Gasoline Artery After Potential Gasoline Spill Read More »
By Shariq Khan NEW YORK, Jan 14 (Reuters) – Oil prices will be under pressure in 2025 and 2026 as global production growth outpaces demand, the U.S. Energy Information Administration said on Tuesday in its Short-Term Energy Outlook report. Many analysts expect an oversupplied oil market this year, after demand growth slowed sharply in 2024 …
EIA Expects Oil Prices to be Under Pressure From Oversupply in 2025, 2026 Read More »
WASHINGTON (AP) — The Supreme Court said Monday it won’t hear an appeal from oil and gas companies trying to block lawsuits seeking to hold the industry liable for billions of dollars in damage linked to climate change. The order allows the city of Honolulu’s lawsuit against oil and gas companies to proceed. The city’s …
Province’s leader met with president-elect at Mar-a-Lago Ottawa shouldn’t make ‘empty’ threats to curb exports: Smith Canadians should be prepared to face US tariffs once Donald Trump assumes the presidency next week, with no exemptions for oil, Alberta Premier Danielle Smith warned after meeting the president-elect in Florida. The conservative leader of Canada’s main oil-producing province met with Trump at his …
Canada’s Reality: Trump’s Tariffs Are Coming and Will Include Oil, Alberta Premier Warns Read More »
Summary Refiner profits fall as new capacity and normal margins return Gasoline and diesel crack spreads hit lows in December Analysts lower earnings expectations amid weak crack spreads Uncertainty over Trump’s tariffs impacts refiner margins and costs (Reuters) – Investors are souring on the U.S. oil refining sector, citing forecasts for softer fuel demand and …
U.S. Oil Refiners Brace for a Tough Year as Investor Sentiment Turns Negative Read More »
Pipeline CEO plans ahead for imminent change in US leadership Company ships almost 6 million barrels of crude, liquids daily Enbridge Inc. is devising plans to rapidly boost capacity on its US oil pipeline system if the incoming Trump administration succeeds in kicking off a drilling boom. The company sees an opportunity to move “several hundred …
Enbridge Preps Pipeline Buildout for Trump-Driven Drilling Boom Read More »
