World’s Top Oil-Refining Hub Is Running Hard as Exports Boom
Wedoany.com Report-Nov 19, US Gulf Coast refineries are running the hardest for this time of the year in more than three decades as they rush to take advantage of strong fuel demand from Mexico and Br...
Spain's Moeve Swings To Quarterly Loss On Weak Refining Margins
Wedoany.com Report-Nov 18, Spains second-largest oil company, Moeve, formerly known as Cepsa, posted a third-quarter loss after a sharp decline in refining margins hit its energy business. Like its la...
Eni Sells Stake in Biorefining Unit Enilive to KKR in Green Push
Wedoany.com Report-Oct 24,The deal envisages the US investment firm taking 25% of Enilive for €2.94 billion ($3.17 billion), giving the division a valuation of €11.75 billion, according to a...
Shell's Third-Quarter Refining Margins Drop Sharply
Shells refining profit margins fell nearly 30% in the third quarter, dropping from $7.7 to $5.5 per barrel due to decreased global demand and new refinery capacity. This decline is expected to impact ...