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About half of U.S. oil pipeline space is sitting unused, heating up competition for barrels in higher-output areas like the Permian Basin in Texas. Overall U.S. pipeline capacity utilization is at around 50%, compared with a range of 60% to 70% headed into early 2020 before the coronavirus pandemic hit, according to consultancy Wood Mackenzie. ...
PSX earnings call for the period ending September 30, 2021.
Reported third-quarter earnings of $402 million or $0.91 per share; adjusted earnings of $1.4 billion or $3.18 per share Generated $2.2 billion of operating cash flow; $1.4 billion excluding... | October 29, 2021
Sexy enough to make all of the US green with envy. Alfa Romeo is banging on the door of its German rivals with a number of excellent performance cars, including the sporty Giulia. This sleek sedan is available in three states of tune, including the ferocious Giulia Quadrifoglio, which is capable of insane levels of performance. For those who aren't as power-hungry, the base model still offers some good shove in the form of a 2.0-liter turbocharged four-cylinder engine producing 280 horsepower and 306 lb-ft of torque. Alfa Romeo has now announced the launch of a brand new special edition named...
Port of Corpus Christi crude shipments up 65% in 2020, sees record tonnage The Port of Corpus Christi saw a 65% increase in crude shipments in 2020 to 96.4 million mt, leading to a record tonnage throughput of 159.7 million mt in a year that saw immense volatility in the global crude market, the Port of Corpus Christ said in a press release late Jan. 21. “Despite the extraordinary challenges we navigated in 2020, the Port of Corpus Christi and its customers have yet again demonstrated the resiliency of this strategic gateway for American goods to reach global demand centers,” Sean Strawbr...