In The News

Tuesday, 12/06/2022

December 6, 2022 – Reuters

Alaska North Slope crude price falls to lowest since April 2020

By Arathy Somasekhar

Weaker ANS prices are consistent with the overall widening of the spread between heavy and light crude grades, said John Auers, a refining analyst with RBN Energy.

"As heavy/light spreads widen, medium sour crudes such as ANS and Oriente also widen their discounts vs. light sweet crudes such as Brent," Auers added.

Plains All American earlier this year suspended operations on its Line 2000 pipeline system...

Monday, 11/28/2022

November 28, 2022 – Bloomberg

Putin’s War Leaves West More Reliant Than Ever on Asian Fuel

By Elizabeth Low and Chunzi Xu

(Bloomberg) -- The war in Ukraine is strengthening the role of Asia and the Middle East as the world’s main providers of fuels like diesel and gasoline that are crucial to the global economy…

Read the full article here:

…Meanwhile, rising shortages of diesel and...

Saturday, 11/19/2022

November 19, 2022 –

M&A Boom May Not Lead To Drilling Spree In U.S Shale

By Alex Kimani

Eagle Ford In Focus

The Eagle Ford was the hardest-hit region in the U.S. shale patch, and has lagged behind other regions during the ongoing ramp-up in production. But as energy analytics company RBN Energy has noted, M&A and drilling have lately been surging in the shale play.

To wit, two weeks ago, Marathon Oil (NYSE: MRO) announced that it has entered into a definitive agreement to acquire the...

Wednesday, 11/16/2022

November 16, 2022 – Bloomberg

US REFINERY INSIGHTS: East Coast Again Attracts Buyer Interest

By Barbara Powell and Chunzi Xu

(Bloomberg) -- After years of being seen as the last place in North America anyone would want to invest in an oil refinery, the US East Coast is suddenly garnering investor interest.  Delta Air Lines Inc., which failed to attract an investor for its Trainer refinery in Pennsylvania in 2018, is again in talks about a possible partnership or even sale, Delta Chief Executive Officer Ed Bastian told Bloomberg last week....

Monday, 11/07/2022

November 7, 2022 – Wall Street Journal

Energy Sticker Shock Grabs Spotlight Before Midterms

By Benoît Morenne

Stock depletions have been especially pronounced in the Northeast, which relies in part on diesel and heating oil for warming homes. Markets in the Southeastern U.S. also are beginning to feel an impact. Mansfield Energy Corp., a Georgia-based fuel supplier, warned customers of potential shortages last week.

One reason for the dearth of diesel is that global markets are craving the fuel, in part because of the loss of about 400,...