Dante Valle’s Post

Having access to live and forward refined margins enables refiners to make strategic, data-driven decisions that enhance profitability, efficiency, and competitive positioning in the market. Sparta’s Forward Refined Margins enables refiners to instantly determine the best crude for each refinery type and anticipate global trade flows by comparing the GPWs of different grades across regions, all in one view. Sparta for crude provides access to over 80 grades of crude, covering three refinery complexities for over 400 live arb routes. Enabling refiners to: > Instantly compare crude refinery margins of different grades across refinery regions in real time. > Gain a global picture of crude refined values through accurate GPW calculations across a range of representative refinery regions and setup types. > Allocate crude assets with greater accuracy and efficiency. > Improve refining asset profitability. Refiners and Blenders, learn more here: https://hubs.li/Q02Gxz630 Learn more about Sparta for Crude: https://hubs.li/Q02GxySh0 Are you ready to experience how we enable traders to identify the gap between price and value? Book a demo with us today: https://hubs.li/Q02Gxz4j0 #oott #oilandgas #commoditytrading #fintech #trading #gasoline #insight

U.S. oil refiners are poised to announce strong quarterly results. Main drivers for higher margins: - Lower Russian refining capacity due to Ukrainian drone attacks has tightened global and regional fuel markets. - In the U.S., planned and unplanned outages, notably the BP Whiting refinery shutdown, significantly reduced supply and refinery utilization. - With the approach of summer, increased fuel demand further supports strong refining margins. https://lnkd.in/e35BRdzk

Europe's oil refining landscape is rapidly evolving: plants shuttering in the face of energy transition pressures and competition from new refineries globally. Kelly Norways delves into the issues with this S&P Global Commodity Insights infographic https://lnkd.in/eJAw5Rsq

Occidental Petroleum ( $OXY ) buy or sell recommendation is STRONG BUY: Occidental Petroleum employs about 12.6 K people. The company is managed by 48 executives with a total tenure of roughly 294 years, averaging almost 6.0 years of service per executive, having 261.88 employees per reported executive. Occidental Petroleum is selling at 63.81. That is -0.19 percent decrease. Today lowest is 63.53. https://lnkd.in/g3bv34my #hotstocks #investing #trading

U.S. BUYS 2 MILLION BARRELS OF OIL U.S. Buys 2 Million Barrels of Oil for Strategic Petroleum Reserve https://hubs.la/Q02dt-wK0 The U.S. bought 2.1 million barrels of crude oil, the Energy Department said on Tuesday, to help replenish the Strategic Petroleum Reserve (SPR) after the largest sale in history last year. #oilbarrels #oilandgasindustry #oilandgas #energyindustry #crudeoil #spr #petroleumreserve

🚀🌐 Which petroleum company is dominating the market? Check out this comprehensive overview of the market cap of leading petroleum stocks. 📈💼 #Reliance #ONGC #IOCL #GAIL #OIL #BPCL #HPCL #PLL #MPRL #GES #StockMarketIndia #Shares #MarketPrice #MarketCap #trading #EnergySector #PetroleumInvestments #MarketTrends #StockMarketUpdate #FinanceGeek #InvestorLife

Warren Buffett’s Berkshire Hathaway purchased 2.95 million shares of Occidental Petroleum between June 13 and June 17 with a price range between 59.59 and 59.77, according to regulatory filings on Tuesday. Berkshire Hathaway now holds a nearly 29% stake in the oil producer. Meanwhile, oil prices have climbed note quite 10% since the start of June on an improving global demand outlook and expectations that major oil producers will keep supply tight. U.S. oil prices have now increased around 13% in 2024. Berkshire Hathaway substantially increased its stake in the international oil play over the past year, putting OXY among Buffett's top holdings. https://lnkd.in/gc36vgCj

The expanded Trans Mountain (TMX) pipeline has delivered less benefit than anticipated to U.S. West Coast refiners so far. Counter to expectations, most of the additional Canadian crude barrels were shipped to Asia instead of to the U.S. However, the influx of Canadian heavy crude is starting to push down prices for Alaskan North Slope and other crudes, signaling potential cost savings for West Coast refiners in the near future. Marathon Petroleum Corporation’s Los Angeles refinery, the largest on the West Coast with a capacity of 365,000 barrels per day (bpd), would be among the main destinations for TMX's heavy sour crude grades. Other facilities on West Coast, including Valero's Benicia refinery and Chevron's El Segundo refinery, also take TMX crude. The U.S. West Coast has around 2.5 million bpd of capacity, according to the U.S. Energy Information Administration. #transmountain #pipelines #crudeoil #refinery #canada #westcoast #marathon #valero #cheron #phillips66

Warren Buffett’s Berkshire Hathaway purchased 2.95 million shares of Occidental Petroleum between June 13 and June 17 with a price range between 59.59 and 59.77, according to regulatory filings on Tuesday. Berkshire Hathaway now holds a nearly 29% stake in the oil producer. Meanwhile, oil prices have climbed note quite 10% since the start of June on an improving global demand outlook and expectations that major oil producers will keep supply tight. U.S. oil prices have now increased around 13% in 2024. Berkshire Hathaway substantially increased its stake in the international oil play over the past year, putting OXY among Buffett's top holdings. https://lnkd.in/gc36vgCj

Interesting week up ahead on #financialmarkets ... Oil and Gold has been swinging wildly last week., and Core #cpi on Tuesday. Here's what we can expect this week, checkout my forecasts in the report 🙂 #oilandgas #crudeoil #crudeoiltrading #oilandgasindustry #oilprice #hedging #derivativestrading #gold #goldtrading #goldprice