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Macro Forecasts Update: The analyst updated the macro forecasts and models since the post-earnings review. The fourth-quarter Brent price deck remains at $75/bbl, in line with quarter-to-date ...
The oil and gas industry is usually divided into three major sectors: upstream, midstream, and downstream. The downstream sector is the refining of petroleum crude oil and the processing and purifying of raw natural gas , [ 1 ] as well as the marketing and distribution of products derived from crude oil and natural gas .
With the Federal Reserve set to implement aggressive interest rate hikes to combat inflation, the broader narrative for energy stocks to buy may not be that appealing to investors. However, it’s ...
Australia is a major petroleum producer and importer, with a number of petroleum companies involved in upstream and downstream operations. Western Australia is the largest contributor to Australia's production of most petroleum products.
Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, asphalt, renewable fuels and convenience store retailing headquartered in Brentwood, Tennessee. [3] The company has a broad platform consisting of:
With energy set for a strong 2021 on vaccine-led demand boost, 5 underperformers of this year - DCP Midstream (DCP), Sinopec (SNP), Vermilion Energy (VET), NOW (DNOW) and Enerplus (ERF) - are ...
In the wake of Russian invasion of Ukraine, Russia's role in the EU energy market has collapsed. Due to EU sanctions, Russia's weaponization of gas supplies, and the sabotage of the Nord Stream pipelines, Russia delivered only around 60 BCM of gas to the EU in 2022. By contrast, in 2021, the EU imported 155 BCM of Russian gas, which accounted ...
Phillips 66 , the Houston-based independent downstream energy firm, had a solid year, with strong showings from its midstream and chemicals segments helping mitigate its underperforming refining ...