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Jet Fuel Took Record Share of ’24 US Refinery Output, EIA Says
In 2024, U.S. refineries produced a record 659.837 MMbbl of jet fuel, which accounted for about 11% of total refinery yields.
BP Resets to NatGas as Energy Transition Takes a Backseat, CEO Says
BP CEO Murray Auchincloss said the company’s strategic shift will focus on natural gas and “the time has come for the Haynesville.”
Gevo Completes $210MM Red Trail Assets Deal for Ethanol Plant
Gevo has renamed an ethanol production plant and CCS assets acquired from Red Trail Energy as “Net-Zero North.”
TransMontaigne Announces Two Facility Sales Totaling $210MM
Two wholly-owned subsidiaries of TransMontaigne Partners LLC have agreed to the sale of terminal facilities in Florida and Virginia.
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Jet Fuel Took Record Share of ’24 US Refinery Output, EIA Says
In 2024, U.S. refineries produced a record 659.837 MMbbl of jet fuel, which accounted for about 11% of total refinery yields.
BP Resets to NatGas as Energy Transition Takes a Backseat, CEO Says
BP CEO Murray Auchincloss said the company’s strategic shift will focus on natural gas and “the time has come for the Haynesville.”
ADNOC, OMV to Merge Petrochemical Firms to Create $60B Giant
The merged entity, Borouge Group International, is set to be the fourth largest polyolefins firm by production capacity, behind China's Sinopec and CNPC, and U.S.-based Exxon Mobil, ADNOC Downstream CEO Khaled Salmeen told Reuters.
Gevo Completes $210MM Red Trail Assets Deal for Ethanol Plant
Gevo has renamed an ethanol production plant and CCS assets acquired from Red Trail Energy as “Net-Zero North.”
TransMontaigne Announces Two Facility Sales Totaling $210MM
Two wholly-owned subsidiaries of TransMontaigne Partners LLC have agreed to the sale of terminal facilities in Florida and Virginia.
Colonial Shuts Pipeline Due to Potential Gasoline Leak
Colonial Pipeline, the largest refined products pipeline operator in the United States, said on Jan. 14 it was responding to a report of a potential gasoline leak in Paulding County, Georgia and that one of its mainlines was temporarily shut down.
Commentary: Maximizing the Opportunity for Energy Dominance
Energy produced in the U.S. already has a strong grip on global markets. But with the country on the cusp of a new regulatory environment, will the U.S. capitalize on the opportunity to maximize energy dominance?
Adkins: Saudi Cuts to Stay, EVs are Overrated and China Matters Less
Marshall Adkins, head of energy at Raymond James, isn’t buying the prevailing wisdom that weakening Chinese oil demand, EV encroachment and a potential OPEC supply increase are legitimate threats to the oil market.
Phillips 66 Sells Interest in Swiss-based Petrol Station Operator
Phillips 66 Ltd. is selling its 49% non-operated equity interest in Switzerland’s Coop Mineraloel, an operator of retail sites and petrol stations.
US to Close Northeast Gasoline Reserve with 1 MMbbl Sale
The Biden administration will sell nearly 1 MMbbl of gasoline in the U.S. managed stockpile in northeastern states as required by law, the Department of Energy said on May 21, effectively closing the reserve.