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...surge in supply led to gluts in the region surrounding CVR’s two refineries in Coffeyville, Kansas and Wynnewood, Oklahoma, allowing the company to buy crude oil at knockdown local prices and sell refined petroleum...
...Meanwhile, wholesale US diesel prices fell almost 2 per cent, dropping to $3.148 a gallon....
...When a client (the Limited Partner, or LP) signs up to invest $100mn in private equity, they don’t immediately assume $100mn of exposure....
Chief of Magellan Midstream sees ‘challenging’ petroleum outlook but strong demand elsewhere
...United Wholesale Mortgages received hundreds of millions of dollars in cash and the Ishbia family retained a 94 per cent stake in the business. That made Ishbia into a billionaire almost overnight....
...The administration said that, at the President’s direction, the energy department will deliver a further 10mn barrels of oil from the country’s strategic petroleum reserve to the market in November....
...Specifically, they are “Petroleum and coal products”, “Oil and gas extraction”, “Utilities”, “Chemical products”, “Farms”, “Food and beverage and tobacco products”, “Housing”, and “Wholesale trade”....
...He has backed companies including ShaMaran Petroleum and Australian energy group Santos....
...A cap on the price of wholesale gas, to prevent it rising again to August’s record high of €300 per megawatt hour, was signed off by ministers in December....
...The country’s producer price index, which measures wholesale prices of goods traded between manufacturers and producers, surged 10 per cent from the previous year, according to the Bank of Japan....
...Investments in energy companies such as Occidental Petroleum and liquefied natural gas export terminal operator Cheniere may benefit from soaring energy prices....
...Brent crude hit a 14-year high of almost $140 a barrel earlier this month before pulling back, while Europe wholesale gas prices briefly rose to a high of €335 per megawatt hour....
...“TotalEnergies will import petroleum products from other continents, notably its share of gasoil produced by the Satorp refinery in Saudi Arabia,” the company said in a statement....
...He gained early experience working as a delivery truck driver for his family’s wholesale frozen food distribution business....
...The report also showed that wholesale inventories were estimated to be up 1.2 per cent to $731bn in August from the previous month and 12.3 per cent higher than last year....
...Jennifer Granholm, US secretary of energy, told the Financial Times last week that a release of federally held strategic petroleum stocks was a “tool that’s under consideration” as the administration tries...
...The population is alert to its society’s contradictions — Norway is both one of the largest proponents of green technology, such as electric cars, and western Europe’s biggest petroleum producer — leading...
...So we watch as the Biden administration, which rattles on about green infrastructure, discusses releasing national petroleum reserves to end “a politically perilous surge in the price of gasoline”....
...A fee of $500/tonne would increase wholesale natural gas prices by $0.07-0.10/MMBTU and could nearly cut the leak rate in half, he found, while a $2,000/tonne fee would increase wholesale natural gas prices...
...In a sign of the market rotation, energy companies such as Occidental Petroleum and Valero Energy, which have more than doubled in value over the past six months, are likely to be added....
...OhmConnect bundles customers’ power savings and sells the resource in wholesale capacity and energy markets....
...The hydrocarbon producer, Clearly Petroleum, has operations in the state alongside the Brazos river, where, thanks to more extreme weather events in recent years, the watercourse has become increasingly...
...The wholesale conventional diesel price is about $1.15 a gallon in California....
...On Thursday afternoon, the benchmark wholesale US gasoline contract was down 5.9 per cent at $1.28 a gallon. West Texas Intermediate crude oil prices fell 0.9 per cent to $42.98 a barrel....
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