The Federazione Autonoma Italiana Benzinai (Faib), Fegica, Cisl and Anisa, which are organizations related to the Italian fuel retail industry, have jointly announced a new 48-hour stoppage from 22.00 of June 23 until the same time of June 25. The decision, which follows a similar stoppage in April, was announced amid disagreements between the groups…
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The EPA has proposed long-delayed targets for blending biofuels
The U.S. Environmental Protection Agency (EPA) has proposed long-delayed targets for blending biofuels into conventional petroleum fuels in 2014-16. EPA noted in its 118-page proposal that the targets fall short of the volumes Congress originally mandated in the Renewable Fuel Standard (RFS), which was signed into law by President George W. Bush in 2007. However,…
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Puma Energy says first quarter fuel sales volume rose 31%
Puma Energy International said May 20 in a statement issued in Singapore that its first quarter sales volume rose 31% to nearly 4.3 million cubic meters compared with 3.3 million cubic meters in the first quarter of the year earlier. Earnings before interest taxes and depreciation rose 8% to US $151 million compared with $140…
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Gulf Oil to Be Acquired by Private Equity Roll-Up
Gulf Oil to Be Acquired by Private Equity Roll-Up Gulf Oil has been sold. The buyer is ArcLight Capital Partners, which prior to this spring was a little- known but especially well-heeled Boston-based private equity firm with over $12 billion in investments. ArcLight burst onto the scene in February when it outbid Marathon Petroleum and…
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