Highest Thanksgiving Gas Prices Since 2014 to Hit Motorists #OilmanNEWS 2017 November-December Downstream 

Highest Thanksgiving Gas Prices Since 2014 to Hit Motorists

GasBuddy projects that Thanksgiving will see the highest average gas prices since 2014 as the country prepares for the busiest traveling weekend of the year. Yet the average gas price in four of five U.S. states is lower than a week ago, coming as the number of Americans driving is expected to surge by 20 percent* over last Thanksgiving according… Read More
India's GAIL Signs Three Time-Swap Deals for US LNG #OilmanNEWS 2017 November-December Downstream 

India’s GAIL Signs Three Time-Swap Deals for US LNG

India’s state-owned gas company, GAIL (India) Ltd has signed three time-swap deals with global companies to sell some of its previously contracted US liquefied natural gas (LNG) in an attempt to cut costs for home consumers.   While disclosing this in its Annual Report, GAIL said that under the deals, the company will buy LNG from international companies this year… Read More
Harvey Creates Issues for Texan Oil Industry #OilmanNEWS 2017 November-December Downstream Texas 

Harvey Creates Issues for Texan Oil Industry

The catastrophic flooding and high-velocity winds accompanying Hurricane Harvey had overarching effects on both residents and businesses in the Gulf Coast area, particularly in Texas. The difficulty for oil and gas firms is mainly concentrated within the downstream portion of the market as refineries have been unfortunately positioned to face the brunt of the storm. CNN Money reports that ten… Read More
India to Diversify Crude Oil Import Policy #OilmanNEWS 2017 November-December Downstream 

India to Diversify Crude Oil Import Policy

In an effort to reduce its dependence on crude imports from Middle Eastern countries led by Saudi Arabia, India is considering diversification of its crude sources, adding the United States in its long list of crude suppliers.   Currently, India imports about 82 % of crude oil for its domestic requirement. According to latest IEA reports, at present, India imports… Read More
#OilmanNEWS 2017 July-August Downstream 

Saudi Aramco Expands Influence in U.S. Oil

Saudi Aramco, the Kingdom of Saudi Arabia’s state-owned oil producer, recently purchased total ownership of the massive Port Arthur Refinery in Texas. The refinery was previously jointly owned by Saudi Aramco and Royal Dutch Shell, but the two firms decided in March 2016 that they would be splitting up their joint venture Motiva Enterprises LLC. The Port Arthur refinery is… Read More
Oilman Magazine #OilmanNEWS 2017-May-June Downstream 

GasBuddy Reveals the Top-Rated Gas Station Restrooms in Every State In Time for Summer Road Trip Season

With summer road trip season around the corner and millions of Americans hitting the road, GasBuddy reveals which gas station brands have the highest-rated restrooms making them the best bet when nature calls. Tulsa-based QuikTrip secured the top seat in nine states, the most out of any other brands. Chevron came in second, leading in five states on the West Coast,… Read More
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