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Largest US Propane Distributor AmeriGas Sells Hawaiian Storage Asset

UGI Corp.’s AmeriGas said it will use the cash from its sale of a 750,000-gallon propane storage facility in Hawaii to service debt.

Segrist: China-US Trade War Finds a Plastic Peace

China’s heavy dependence on U.S. ethane is keeping a trade avenue open during the ongoing fight.

Trio Petroleum Deal Marks Entry into Canada’s Heavy Oil Region

California’s Trio Petroleum will acquire producing wells in the Lloydminster, Saskatchewan heavy oil region in a deal valued at roughly $1.38 million.

What's Affecting Oil Prices This Week? (Feb. 3, 2025)

The Trump administration announced a 10% tariff on Canadian crude exports, but Stratas Advisors does not think the tariffs will have any material impact on Canadian oil production or exports to the U.S.

Targa Pipeline Helps Spark US NGL Production High in 2024

Analysts said Targa Resources’ Daytona line released a Permian Basin bottleneck as NGLs continued to grow.

Chevron Upgrades Refinery to Expand Light Crude Processing Capacity

The retrofit of Chevron’s Pasadena facility increases equity Permian crude processing capacity by 15%.

US Crude Stocks Rise, Gasoline and Distillate Inventories Fall, EIA Says

U.S. crude stocks rose while gasoline and distillate inventories fell in the week ending Nov. 8. 

Clean Harbors Increases Pricing for Used Oil Services

Clean Harbors said the changes come in response to lower value and return on its re-refined products due to price declines in base oil, vacuum gas oil and recycled fuel oil.

Global Partners Closes on Liquids Terminal Deal with Exxon

Global Partners’ newly acquired Rhode Island liquids terminal adds gasoline infrastructure to its portfolio.

Pitts: How Venezuelan Elections Impact Texas and Louisiana

The ramifications of another questionable election in Venezuela comes as Chevron’s quest to recoup debts continues. And Washington’s likely next steps will include more of the same: sanctions.