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Italian fuel retail industry braces for 48-hour stoppage on June 23-25
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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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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Sunoco says earnings rose after Aloha, MACS purchases
Sunoco said in a statement issued February 18 that its adjusted earnings before income, taxes and depreciation for 2014 totaled $65.5 million, of which approximately two-thirds was attributable to the acquisition of Mid-Atlantic Convenience Stores, L.L.C. ("MACS") and Aloha Petroleum, Ltd. ("Aloha") in early October and mid-December, respectively. “By comparison, adjusted EBITDA in the fourth…
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