In The News

Bloomberg - US REFINERY INSIGHTS: East Coast Again Attracts Buyer Interest
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....

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WSJ - Energy Sticker Shock Grabs Spotlight Before Midterms
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,...

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Energy Intelligence - PBF Buys More Discounted Canadian Crude
Thursday, 10/27/2022

October 27, 2022 – Energy Intelligence

PBF Buys More Discounted Canadian Crude

By Energy Intelligence Group

Perfect Storm

While there are specific issues that are impacting Canadian crude in particular, broader forces are weighing on heavy, sour grades of oil in general.

Quality plays a major role, especially amid the ongoing impacts of the International Maritime Organization (IMO)’s updated sulfur specifications for marine fuels. Refiners say this has prompted downstream players with less sophisticated facilities to buy...

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CNBC - RBN Energy's Rusty Braziel says says oil prices could come down if the economy slows
Monday, 10/17/2022

October 14, 2022 – CNBC

RBN Energy's Rusty Braziel says says oil prices could come down if the economy slows

Cramer spoke with RBN Energy Executive Chairman Rusty Braziel on Friday.

To watch the full segment, visit: https://www.youtube.com/watch?v=VVYXimbPr2o

...

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Energy Intelligence - EIA: Winter Will Be Cold, Fuel Expensive
Thursday, 10/13/2022

October 13, 2022 – Energy Intelligence

EIA: Winter Will Be Cold, Fuel Expensive

By Energy Intelligence Group

Propane

The inventory situation for propane is considerably healthier, panelists noted, with stocks roughly in line with the 5–year average. The EIA expects propane expenditures to be 5% higher this winter than last. However, some panelists said that while inventories look healthy, logistics present a major hurdle.

“Given the shortage of crews with the railroads, the extended delivery time … and the...

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