A greater tolerance for lead poisoning may have been one way in which humans outcompeted their cousins and went on to make extraordinary things—such as leaded pipes, petrol and cosmetics with which to poison themselves all over again https://t.co/WUx3xoKs7O ...

Core Insights - Nayara Energy, a Russian-owned refinery in India, has significantly increased its use of rail transport for fuel shipments due to sanctions, moving more than double its previous volume to domestic markets and seeking new export customers [1][6] - The Indian government is providing support to Nayara to keep it operational while navigating the complexities of international sanctions [2][4] - Nayara's reliance on Russian oil has intensified following the EU sanctions, making it vulnerable to further disruptions in supply [3][10] Government Support and Challenges - The Indian government has facilitated Nayara's operations by providing tanker trains and approving coastal vessels for product transport, while also being cautious of potential Western backlash [2][7] - Nayara is seeking additional government assistance to source equipment for maintenance, which has been complicated by sanctions [8][12] Operational Adjustments - Nayara has reduced its refinery capacity utilization from 104% to 70-80% due to challenges in finding export buyers and banking support [6][12] - The refinery has redirected its output to domestic markets and is exploring alternative shipping methods, including the use of sanctioned vessels [7][14] Export Dynamics - Prior to sanctions, Nayara exported about 30% of its output, primarily to Western and Asian markets, but has since shifted its focus to the Middle East, Turkey, Taiwan, and Brazil [14] - In September, Nayara's exports dropped to 2.23 million barrels, down from an average of 3.3 million barrels per month earlier in the year [15]

Company Overview - Petronas Dagangan Berhad is the petrol retailer and marketing subsidiary of Petronas, Malaysia's national oil and gas conglomerate, and one of the largest energy companies globally [1] - The company holds the number one market share in the petrol market in Malaysia, focusing all its business operations within the country [1] Performance Metrics - The company achieved a Profitable Growth rank of 2, maintaining the same rank as the prior period, indicating World Class performance compared to 310 large energy companies worldwide [5] - The Profitability rank of 2 was consistent with its Growth rank of 2, reflecting strong performance in both profitability and growth metrics [5] - The Growth rank improved to 2 from the previous period's 3, showcasing an upward trend in growth performance compared to peers [5]

Company Overview - PTT Public Company Limited is the largest state-owned oil and gas company in Thailand by revenue and the largest company in Thailand overall [1] - The company engages in a wide range of activities from exploration to downstream operations, including petrochemical manufacturing, electricity generation, and petrol retailing [1] - PTT is the sole owner of local gas pipelines [1] Performance Metrics - The company has a Profitable Growth rank of 8, which is unchanged from the previous period, indicating below-average performance compared to 310 large energy companies globally [5] - The Profitability rank is also 8, which has decreased from the previous period's rank of 7, reflecting below-average performance compared to peers [5] - The Growth rank of 8 has similarly declined from the prior period's rank of 7, again indicating below-average performance compared to peers [5]

Russian gas stations are drying out. The price of wholesale petrol is at a record level. Fuel rationing has been ordered in some parts of the country. Could this lead to a full-on crisis? https://t.co/aLZboYLdmG ...

Core Insights - Delek US Holdings, Inc. (DK) is a significant player in the U.S. downstream energy sector, focusing on refining and logistics, converting crude oil into essential fuels and managing their transportation and storage [1][2] - The stock has experienced volatility due to fluctuating refining margins, crude oil prices, and industry dynamics, leading to mixed investor sentiment regarding long-term gains versus short-term challenges [1][2] Business Model and Operations - DK operates a diversified business model, engaging in both refining and logistics, which provides stability even when one segment faces challenges [3] - The company runs four strategically located refineries with a total capacity of 302,000 barrels per day, benefiting from strong refining margins, particularly in the Mid-Continent and Gulf Coast regions [4] - DK's operations in the Permian Basin allow it to source crude oil at lower prices, reducing refining costs and enhancing profitability [5] - Investments in refining equipment are aimed at improving operations, lowering costs, and enhancing fuel quality, making DK's facilities more competitive [6] Challenges and Competitive Landscape - DK faces risks related to supply disruptions, which could impact production and financial performance [7] - Dependence on crude production from the Permian Basin poses a risk; any slowdown could increase feedstock costs and diminish competitive advantages [8] - Increasing competition from larger refiners with better economies of scale and financial resources could impact DK's market share and profitability [9] - DK's share price has underperformed compared to peers, losing 18.5% over the last three months, while the overall oil and gas sector increased by 3.9% [10] Summary of Performance - Despite a strong and diversified business model, DK faces several challenges, including potential supply disruptions, competition, and reliance on the Permian Basin for crude supply [14][15] - The recent underperformance compared to peers raises concerns among shareholders regarding the company's growth and investment value [10][15]