#oil-refinery-damage

#oil-refinery-damage

KeyBanc's revised oil deck reflects a materially stronger crude environment than previously modeled, with dislocations in global crude and refined products expected to persist into summer.

Corpus Christi's two main reservoirs are just 8.4 percent full, while the backup reservoir is 55 percent full. Without drastic cuts, the water supply could run dry by early next year.

The share of U.S. economic activity has increased in service industries that demand less energy, while sectors requiring large-scale energy resources have become more efficient.

"With the long-term sustainability of our Los Angeles Refinery uncertain and affected by market dynamics, we are working with leading land development firms to evaluate the future use of our unique and strategically located properties near the Port of Los Angeles," Mark Lashier, chairman and CEO of Phillips 66, said at the time of announcing the closure.

Citi's upgrade reflects a broader geopolitical reality reshaping global energy markets. The Iran war is accelerating the flight of European and Asian buyers toward secure, long-term U.S. LNG supply contracts.

In the US and UK, there is urgent climate action which has put pressure on oil and gas companies to adopt a new narrative. Energy security is a global theme that has started to be incorporated in Asia, but most campaigns in the region continue to focus on brand loyalty and Asian values of family and community.

The Arctic Metagaz was part of a Russian shadow fleet used to circumvent sanctions imposed on the country's oil and gas after its full-scale invasion of Ukraine in February 2022. It was struck in a suspected drone attack close to Maltese waters earlier this month, causing a huge hole.

From 28 March, Prime Minister Mostafa Madbouly announced that emergency energy-saving measures will run for one month to reduce consumption and ease pressure on supplies.

The Endangered Species Committee voted to approve the request for the ESA exemption at the request of the defense secretary, Pete Hegseth. Hegseth has said environmentalists' lawsuits against the industry threatened to hobble the nation's energy supply, while environmentalists fear drilling could kill off protected species including Rice's whales, whooping cranes and sea turtles.

Despite its patriotic branding and apparent alignment with Trump's America First agenda, the project's origins trace back to the Biden administration. The refinery concept was revived and permitted in 2024 under the name Element Fuels Holdings, with site preparation and approvals occurring well before Trump's return to office.

The Board believes Texas legislators, judges, and juries who might make decisions that impact Exxon Mobil are generally more familiar with our business and operations. A new Texas law makes it harder for shareholders to sue companies by requiring a minimum stock ownership to file lawsuits, providing legal protection that serves as the real draw for redomiciliation.

The United States - we produce more oil than we can consume. We're a net oil exporter," Wright said. This comment misses some important context. Some metrics show the U.S. as a net exporter, but for crude oil - the material that's refined into gasoline - the U.S. is a net importer.

We have slow growth and inflation that is still a concern from the numbers we got on the economy. The interesting thing about the University of Michigan survey is half of it was taken before the war and then the other half was taken after February 28th and obviously the signs were very different. Half the respondents said that things are really starting to pick up and look good and then all of the survey participants taken after February 28th had started to notice a lot more anxiety and deterioration particularly around their ideas of inflation.

TotalEnergies will abandon offshore wind projects deemed too big and expensive without federal subsidies in the U.S., opting instead for onshore wind, solar, and battery storage.

Beaches, mangroves, fish, turtles and manatees. Little by little, oil has coated them all. About two weeks have been enough for the sticky black residue to permeate everything in its path. Its advance has been met with an outcry. Since the first fishermen in the Gulf of Mexico reported the discovery of chapapote (petroleum residue) in their nets on March 2, the progression has been documented by the affected communities.

The US are claiming that they've hit 5,000 sites. So right now, we're just scratching the surface. That's just the tip of the iceberg. The researchers say that figure likely captures only a fraction of the damage from strikes on missile bases to attacks on oil tankers in the Persian Gulf.

The death of Iranian Supreme Leader Ayatollah Ali Khamenei on February 28, 2026, per NPR reporting, sent immediate shockwaves through energy markets. WTI crude climbed from $61.60 on February 2 to $71.13 by March 2, and prediction markets now assign 97% probability to crude reaching $75 by end of March, with 81% confidence in a move to $80.

What does this new lease on life mean for Tommy Norris? After all, he still needs to deal with the offshore drilling lawsuit, the threats from Danny Morrell's (Andy Garcia) crooked financing, his son striking oil on six new wells, and Cami Miller's (Demi Moore) dissatisfaction with how Tommy's been running the company following her husband's (Jon Hamm) death. So, in episode 8, he's done with allowing all these problems to fester.

In California and across the nation from Hawaii to Maine, a growing number of state and local governments are fighting in court to hold oil giants like Exxon Mobil, Chevron, Shell and BP accountable for their well-documented efforts to deceive the public about climate change and the "catastrophic events" and "more violent weather" their own scientists accurately predicted would result if the use of their fossil fuel products was not curbed.

But one key voice was missing from the celebration: Texas GulfLink's developer. Dallas-based Sentinel Midstream declined to comment on the administration's announcement, and didn't issue any press release for its politically ballyhooed project approval. Sentinel's silence was a symptom of a bigger disconnect in the gulf.What once was a race to build a series of deepwater terminals prior to the pandemic-including the involvement of household names such as Phillips 66 and Chevron-has now turned into silence over stalled projects that may never come to fruition.

"This plan would open up a massive amount of waters to new oil and gas drilling,"

Glass Half Full started in a backyard in 2020, and now it's Louisiana's biggest glass recycler.