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Sunday, February 5, 2023

Charles Kennedy

U.S. Refiners To Scale Back Capacity Utilization After Record 2022

Following record utilization last year, U.S. refiners expect to have lower capacity operating in the first quarter of this year, due to a heavy maintenance season.    After operating at over 90% for most of 2022, the largest U.S. refiners now see their...

Tesla May Have To Reconsider Its Mexico Plant

Tesla may reconsider plans to build an EV factory in Mexico due to problems with the energy supply of the facility. A Teslarati report, citing Mexican news outlets, said that Mexico’s federal electricity commission had expressed concern about its abili...

Fitch Expects $95 Oil In 2023

Fitch Solutions has reiterated its oil price forecast for this year at $95 per barrel of Brent crude, citing China’s quicker-than-expected reversal of zero-Covid policies and slow production growth. “On the demand side, prospects for growth have improv...

Colorado Regulator Suspends Oil Company’s Ability To Operate Wells

Colorado’s oil and gas regulator, the Colorado Oil and Gas Conservation Commission, or COGCC, suspended one company’s ability to sell or transport oil and gas for six months, along with suspending its ability to operate its 1,00 wells. K.P. Kauffman, o...

U.S. Refiners To Scale Back Capacity Utilization After Record 2022

Following record utilization last year, U.S. refiners expect to have lower capacity operating in the first quarter of this year, due to a heavy maintenance season.    After operating at over 90% for most of 2022, the largest U.S. refiners now see their...

EU President Promises 10th Round Of Sanctions On Russia

European Commission President Ursula von der Leyen and a team of 15 commissioners arrived in Kyiv on February 2 for the first-ever joint meeting with Ukraine's government, with Russia's invasion, launched on February 24 last year, and Ukraine's bid for...

Russia Considers Brent-Based Oil Tax To Limit Its Losses

Russia is considering taxing its oil firms based on the price of Brent – instead of its flagship grade Urals – to limit the fallout on the Russian budget revenues due to the widening discount of Urals to Brent, Russian daily Kommersant reported on Frid...

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