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U.S. Crude Inventories Grow But Gasoline, Distillates Fall

U.S. Crude Inventories Grow But Gasoline, Distillates Fall

Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info By Julianne Geiger – Apr 16, 2024, 3:52 PM CDT Crude oil inventories in the United States rose this week by 4.09 million barrels for the week ending April 12, according […]

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Object that slammed into Florida home was indeed space junk from ISS, NASA confirms

Object that slammed into Florida home was indeed space junk from ISS, NASA confirms

The International Space Station jettisons a 2.9-ton pallet carrying used batteries on March 11, 2021. This photo was posted on Twitter by NASA astronaut Mike Hopkins. (Image credit: NASA/Mike Hopkins) The mysterious object that crashed through the roof of a Florida home last month did indeed come from the International Space Station (ISS), NASA has

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Gasoline, shelter costs drive inflation up a smidge to 2.9%

Gasoline, shelter costs drive inflation up a smidge to 2.9%

Business Canada’s inflation rate went up slightly in March compared to February, with Statistics Canada pointing out gasoline prices are partly behind the increase, along with shelter costs such as mortgage interest rates and rent. Year-over-year inflation is up slightly but dropped when excluding gasoline prices Anis Heydari · CBC News · Posted: Apr 16, 2024 8:42

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Hostmore set to acquire TGI Fridays’ US business

Hostmore set to acquire TGI Fridays’ US business

The parties have agreed that the transaction, which brings together TGI Fridays’ largest franchisee with the global franchisor, will result in existing Hostmore shareholders holding a 36% shareholding in the enlarged business upon completion. TGI Fridays shareholders will hold a 64% shareholding in the combined group, which will be renamed TGI Fridays plc. Under the

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Enppi, Petrojet spearhead solar power initiative at Assiut Oil Refinery with EGP 550m investment

Enppi, Petrojet spearhead solar power initiative at Assiut Oil Refinery with EGP 550m investment

The Ministry of Petroleum and Mineral Resources has entrusted Enppi and Petrojet, leading entities in engineering design, general contracting, and construction within the petroleum sector, with the establishment of a 10-megawatt solar power station at the Assiut Oil Refinery. The project, valued at EGP 550m, is slated for completion over the next 11 months. In

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Tinubu’s govt paying more on fuel subsidy than ever, says El-Rufai

Tinubu’s govt paying more on fuel subsidy than ever, says El-Rufai

Nasir El-Rufai, the former governor of Kaduna State, has claimed that President Bola Tinubu’s government is still subsidizing fuel despite its high cost. Remember that during his inaugural speech on May 29, 2023, the President proclaimed the end of gasoline subsidies. The presidency has often stated that the government is not spending a cent on

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