Dangote’s Buying Binge: Nigerian Mega-Refinery Locks in More U.S. WTI for July
2nd June 2025 | Reuters – Market Insights DeskWhy is the world’s newest mega-refinery snapping up U.S. crude just as OPEC+ adds barrels of its own? Nigeria’s 650,000-barrel-per-day Dangote Petroleum Refinery is showing no signs of slowing its appetite for American crude. Trading sources tell Reuters the Lagos-based complex has secured at least five million […]
Oil price outlook weakens on OPEC+ hikes, lingering trade concerns
OPEC’s Output Boost and Trade Jitters Knock the Shine Off Oil-Price ForecastsJune 1, 2025 | Reuters – Market Insights Desk What happens when OPEC+ pumps more crude just as global trade worries threaten demand? Oil analysts are dialing back their expectations for 2025—again. A fresh Reuters poll of 40 economists now pegs Brent at $66.98 […]
$14 billion in clean energy projects have been canceled in the US this year, analysis says
$14 Billion in Clean-Energy Projects Just Got the Axe—Let’s Talk About Why May 30, 2025 | How did one tax debate on Capitol Hill freeze billions in clean-energy spending and leave developers wondering what to do next? If 2024 was all about record-breaking announcements in batteries, EVs, solar, and wind, 2025 has been the year […]
Saudi Aramco eyes asset sales for expansion amid lower oil prices
What happens when the world’s top oil giant needs cash, but doesn’t want to lose control? What do you do when oil prices dip, state budgets tighten, and global ambitions rise? If you’re Saudi Aramco—the world’s biggest oil producer—you start looking for cash in your backyard. According to recent reports, Aramco is exploring asset sales […]
Oil Prices Plummet on US-China Trade Clash: A Stress Test for Refiners Seeking Resilience
How can a single headline send crude prices or oil prices crashing and put refiners on red alert in the same breath? A fresh round of sparring between Washington and Beijing sent shockwaves through energy markets on Monday, knocking crude benchmarks to levels last seen in April 2021. By 07:45 GMT, Brent futures were down […]
Valero Energy Reports $595 Million Q1 Loss: A Wake-Up Call for Refiners in the Age of Transition
April 24, 2025 | Simply Wall St – Financial News Desk Valero Energy Corporation (NYSE: VLO), one of the largest independent refiners in the U.S., reported a first-quarter net loss of $595 million for 2025, primarily driven by falling sales and an impairment charge related to its Benicia refinery in California. The facility is set […]