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India's core growth eases to 2.3% in February on poor energy show
The Economic Timesยท 2026-03-20 19:03
Growth stood at 3.4% in February 2025. Aditi Nayar, chief economist at Of the eight core industries, cement recorded the strongest expansion, rising 9.3% year-on-year in February, though lower than January's 11.3%. Steel production grew 7.2%, easing from 11.5% in the month before.Live Events "Infrastructure push by the government has helped steel and cement," said Madan Sabnavis, chief economist at Bank of Baroda. Among energy-related industries, refinery products output declined 1% year-on-year in Februa ...
X @Mr hunter
GEM HUNTER ๐ยท 2026-03-19 08:52
RT BRICS News (@BRICSinfo)JUST IN: ๐ฎ๐ท๐ธ๐ฆ Iranian drone strikes Saudi Arabia's Aramco SAMREF refinery in Yanbu. ...
X @Nick Szabo
Nick Szaboยท 2026-03-08 00:06
RT Arta Moeini PhD (@ArtaMoeini)In response, the Iranians hit Haifa refinery, instantly. We have climbed the escalation ladder onto the energy and civilian infrastructure targeting stage of this war. The Iranian regime is not collapsing. The US-Israeli side is escalating out of desperation.Yet all this shows: 1) The war isn't going according plan 2) There are no red lines restraining either side.If not stopped, this might soon spiral into a nuclear apocalypse. The first since Japan. What is Washington's pla ...
Sunoco Q4 Earnings & Revenues Miss Estimates on Higher Expenses
ZACKSยท 2026-02-24 19:40
Core Insights - Sunoco LP (SUN) reported fourth-quarter 2025 earnings of 9 cents per unit, significantly missing the Zacks Consensus Estimate of $1.64, and a decline from 75 cents in the same quarter last year [1][10] - Total quarterly revenues reached $8.6 billion, falling short of the Zacks Consensus Estimate of $9.4 billion, but increased from $5.3 billion reported in the year-ago quarter [1][10] Financial Performance - The weaker-than-expected results were primarily due to higher total cost of sales and operating expenses, which increased to $8.4 billion from $5 billion a year ago [2][11] - Adjusted distributable cash flow totaled $442 million, up from $261 million in the previous year [8] - Net income for the quarter was $97 million, down from $141 million in the fourth quarter of 2024 [7] Distribution and Capital Expenditure - The board declared a distribution of $0.9317 per unit for Q4 2025, marking a sequential increase of 1.25% [3] - Capital expenditures for the quarter amounted to $233 million, including $130 million in growth capital and $103 million in maintenance capital [11] Segment Performance - Fuel Distribution segment reported adjusted EBITDA of $332 million, up from $192 million in the comparable period of 2024, driven by increased profit per gallon sold [4] - Pipeline Systems segment's adjusted EBITDA was $187 million, slightly down from $188 million year-over-year due to increased operating costs [5] - Terminals segment reported adjusted EBITDA of $87 million, up from $59 million, benefiting from the Parkland acquisition and increased customer activity [6] - Refinery segment's adjusted EBITDA totaled $40 million, with crude throughput averaging 49 thousand barrels per day [7] Outlook - Sunoco projected full-year 2026 adjusted EBITDA in the range of $3.1 billion to $3.3 billion, with growth capital expenditures expected to be at least $600 million [13] - The partnership aims for a distribution growth target of at least 5% for 2026 [13]
Babcock & Wilcox Awarded $40 Million Contract for Advanced Wet Gas Scrubbing Technology at Canadian Petroleum Refinery
Businesswireยท 2025-12-19 11:30
Core Insights - The project represents a significant milestone for B&W, enhancing its business in providing advanced environmental solutions for the refinery industry [1] Company Summary - B&W is focused on expanding its offerings in the refinery sector, particularly in advanced environmental solutions [1]
Israel's Largest Refinery Shuts Down After Iranian Strike That Killed Three | WSJ News
WSJ Newsยท 2025-06-16 22:06
[ืืืืืงื] ืืืื ืืืืคื ืืชื ืืืืื. ืืืื ืืืื ืืืื ืืืื ืืฉ ืคื ื ืคืืืืช ืชืจืื ืชืจืื ืชืจืื ืื ื ืื ื ืื ื ืื ื ื ืคืืืืช ืืืื ืืืชื ืืืงืืง ืืื [ืืืืืงื] ืืืชื ืืืงืืง ืืื ืื [ืืืืืงื]. ...