Maurice B. Shaw’s Post

Current Trends in EN590 10 PPM Diesel This price can fluctuate based on crude oil prices, refining costs, and market demand dynamics. WEB: https://lnkd.in/gszq4yDc In summary, the trends surrounding EN590 10 PPM diesel indicate a robust growth trajectory driven by regulatory changes, increasing demand in emerging markets, and ongoing technological advancements in engine performance. Pricing remains influenced by global oil market dynamics and local regulatory frameworks. E.M: <[email protected]> OR [email protected] T&C applies. #SW, #sherworldwideshipbrokerage, #sherworldwidepetroleumproducts, #sherworldwide #demolitionshipbuyers, #greenshiprecycling, #shipbroker, #shipbuyer, #shipsforsale, #logistics, #maritime, #tradefinance, #admiraltylawyers, #shipowners #shipbuilding #navalarchitects #MaritimeMarketplace

🚀 𝙑𝙞𝙩𝙤𝙡 𝙂𝙧𝙤𝙪𝙥, 𝙩𝙝𝙚 𝙬𝙤𝙧𝙡𝙙’𝙨 𝙡𝙖𝙧𝙜𝙚𝙨𝙩 𝙞𝙣𝙙𝙚𝙥𝙚𝙣𝙙𝙚𝙣𝙩 𝙤𝙞𝙡 𝙩𝙧𝙖𝙙𝙚𝙧, 𝙝𝙖𝙨 𝙢𝙖𝙙𝙚 𝙖 𝙗𝙤𝙡𝙙 𝙢𝙤𝙫𝙚. 🚀 Vitol Group, the world’s largest independent oil trader, has submitted a bid for the parent company of CITGO Petroleum Corp., PDVSA Holding. The auction, overseen by a US federal court in Delaware, aims to address over $20 billion in claims against Venezuela and its state-owned oil company, Petroleos de Venezuela SA. Other bidders include Canadian miner Gold Reserve Inc. The sale hearing is set for 𝐉𝐮𝐥𝐲 15, and the acquisition process is expected to be lengthy. Vitol's spokesperson declined to comment. A successful bid would expand Vitol's refining and distribution network, adding to its existing investments in South Africa’s Engen Ltd., Italy’s Saras SpA, and BP Plc’s station network in Turkey. The company has benefited from the commodity trading industry's recent profitability surge, earning about $28 billion over the past two years. The sale has sparked controversy, with the Venezuelan opposition arguing it could aid President Nicolas Maduro in the upcoming election. Citgo operates refineries in Louisiana, Illinois, and Texas and holds stakes in terminals, pipelines, and lubricant plants. https://lnkd.in/dqDjy4rR

LCI Updates: The government stipulated the time extension for the export of concentrate and anode slime for business entities that have entered the commissioning stage in the construction of a refinery until 31 December 2024. The policy is stipulated in Regulation of the Minister of Energy and Mineral Resources Regulation Number 6 Year 2024 regarding Completion of Construction of Domestic Metallic Mineral Refinery (MEMR Regulation 6/2024) which comes into effect on 1 June 2024. https://lnkd.in/ggs5CYmS #mining #legalcentric

I was speaking to a good friend of mine (a gold investor) and asked me a good question: Why Is a Good CIP/CIL Plant Design Important? The success of your gold processing operation, especially in a CIP/CIL plant, depends heavily on the quality of its design. A well-designed plant doesn't just improve efficiency—it also saves money both during setup and day-to-day operations. For investors, this means a lower risk of unexpected costs and more predictable returns on your capital. For small-scale operators, a good design helps you make the most of your resources, ensuring your plant runs smoothly and at the lowest possible cost. Take my visit to a CIP gold plant in Rwamgasa, Geita, as an example. The ball mill there did not meet its rated capacity, leaving the operators with two tricky choices: either push the ball mill beyond its optimum capacity to meet production targets, or operate the mill within its capacity and underutilize the CIL equipment. This is a perfect example of how poor plant design can create costly inefficiencies and force operators into difficult decisions that affect both short-term and long-term profitability. What problems can arise from poor plant design in small-scale gold operations? How could less experienced investors navigate this?

🔹 Big news in the tin sector! 🔹 🌍 Elementos strengthens its position in Europe with a key strategic move, and CRM Synergies is proud to be part of this market transformation. Discover how this expansion impacts the industry and what it means for our partners and customers. #Elementos #CRMSynergies #Tin #Industry #Expansion #EuropeanMarket #News #Innovation

US Shale Oil Antitrust Class Action Complaint 2024... "1. This action arises from Defendants’ conspiracy to coordinate, and ultimately constrain, domestic shale oil production, which has had the effect of fixing, raising, and maintaining the price of retail gasoline (gasoline purchased by consumers at gas stations) in and throughout the USA..." "2. Shale oil, also called “tight oil,” is a high-quality crude oil found between layers of shale rock, impermeable mudstone, or siltstone that can be extracted, refined, and used to produce gasoline, diesel fuel, and other commercial products sold in the U.S.." "9. The U.S. experienced record-high crude oil prices beginning on or around January 2021, continuing through the present. Basic principles of supply and demand dictate that in their role as swing producers, Defendants [i.e. independent US shale oil producers] should have increased production to capitalize on this price rise. Instead, Defendants collectively decided not to increase their U.S. shale oil production..." "10. Defendants’ agreement is complimented by their cooperation and collusion with the Organization of the Petroleum Exporting Countries (“OPEC”), the international cartel of large oil producing nations, who also sought to raise oil prices through managing oil production during this period..." "15. Defendants’ agreement to limit their respective shale production volumes has had the effect of fixing and/or stabilizing at an artificially high-level U.S. (and global) crude oil prices, which in turn fixed and/or stabilized retail gasoline prices in the United States at an artificially high level..." Of course if there are unknown oil reserve sizes and allowed extraction periods but with upper limits, then as the late great Oxford and Birmingham economist Prof Peter Sinclair showed, the optimal extraction schedules can be highly complex, particularly when also set against a backdrop of high global macroeconomic volatility and uncertainty...

U.S. refinery M&A stalls as buyers shun aging assets, uncertain future By Laura Sanicola and Shariq Khan February 16, 2024 The U.S. oil industry saw nearly $200 billion in upstream deals last year, but the refining sector missed out despite plenty of willing sellers as the energy transition away from fossil fuels accelerates and casts doubt over the long-term value of aging U.S. refineries The growing number of operators looking to sell assets reflects the hope that a post-pandemic surge in margins - which for some products nearly quadrupled in 2022 - might have opened up a rare window to exit assets profitably.

Accelerate Resources Limited (ASX:AX8) will issue a total of $706,944 Junior Minerals Exploration Incentive (JMEI) Tax Credits to eligible shareholders who received new Accelerate shares through participation in capital raisings during FY23. This follows the lodgement of the company’s income tax return for the year ending June 30, 2023. The JMEI scheme, which is administered by the Australian Taxation Office (ATO) enables eligible exploration companies to create refundable tax credits to distribute to eligible shareholders by forgoing a portion of their carried forward tax losses that have arisen from allowable expenditure on greenfield exploration. More at #Proactive #ProactiveInvestors #ASX #AX8 #ATO #Mining #Exploration http://ow.ly/ATky105s55g

Attock Refinery Limited (PSX: ATRL) unveiled its #profit and #loss statement for the three months ended 2024, wherein the profit after tax almost halved to Rs4.92 billion [EPS: Rs46.13] compared to a profit of Rs8.24bn [EPS: Rs77.30] in the same period last year (SPLY). Going by the unconsolidated results, the company's top line contracted by 15.1% YoY to Rs80.4bn as compared to Rs94.73bn in SPLY. Read the full story at https://lnkd.in/dZNQ4had

From Richard Spears - This chart, for example, is our view of revenues generated by each of the frac service companies from 2019 through 2025. What is not obvious is the total market share of the 4 largest frac service providers each year, but that progression of combined market share looks a lot like the trend in oil production market share by the largest US oil companies. In 2019 the 4 largest frac service providers had (combined) 50% of the NoAm frac market. In 2022, 60%. In 2025, 70%. If you go back 45 years ago when I was running a red blender, the 4 largest frac service companies combined had about 80% of the NoAm market.