Valero, Marathon and Phillips 66 are set to bring in a collective $14 billion in cash from operations this quarter, the most ever, according to S&P Capital. Earnings at the U.S.’s eight biggest refiners could surge over 650% from last quarter.
U.S. energy consumption fell by a record 7.5% in 2020, with only Alaska registering an increase:
More oil news related to the war in Europe:
Spain, Portugal and Greece rejected the EU’s proposal for member nations to cut natural gas use by 15% for the next eight months. The news came as the International Energy Agency called for even larger cuts.
Supplies on the Nord Stream pipeline, which accounts for more than one-third of Russian gas exports to the EU, resumed Thursday at roughly 40% of capacity, equal to the pipeline’s pre-maintenance flows. The news brought relief to European industry.
California’s administration held firm on enforcing a 2019 state law that tightens rules for non-employee truck drivers, as hundreds of protesters continue to block truck movements into and out of the Port of Oakland, the third largest port on the West Coast.
The queue of vessels awaiting berths at the Port of Los Angeles is down 80% since the start of the year.
Mexico could face up to $30 billion in tariffs as the U.S. and Canada ramp up a trade spat over the nation’s energy policies. The dispute could affect the nation’s energy, automotive and agriculture sectors and cloud North America’s investment attractiveness just as manufacturers are looking to return manufacturing from Asia.
Over 60% of U.S. nurses surveyed are looking to leave the profession amid continued stresses caused by the pandemic.
U.S. initial jobless claims rose for a third week to 251,000, an eight-month high.
Private equity firms spent a record $226.5 billion taking companies private in the first half of 2022, up 39% from the same time last year as lower corporate valuations made it easier to lure businesses away from stock markets.
Shares of American Airlines and United Airlines fell over 9% Thursday despite both carriers posting their first quarterly profit without U.S. government aid since the pandemic began, as higher costs threaten to offset booming demand.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
This cookie is installed by Google Analytics.
A variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. The pattern element in the name contains the unique identity number of the account or website it relates to.
Provided by Google Tag Manager to experiment advertisement efficiency of websites using their services.
Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
Vimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.