Locator: 49049B.
Energy stocks: all up about 2% today on news of Israel military strikes in Doha, Qatar; and, ready to move into Gaza City. Link here. Of course, this will have "a Hamas spin." Israel cutting off the head of the snake.
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Back to the Bakken
WTI: $63.16. Up almost a buck a barrel. Up 1.45%. Oil will do well today based on headlines coming out of Mideast. By the way, from a military analysis, this looks very, very interesting, and, again, Israel, .... well, let me leave it at that. [Comment: Hamas calls "it" a cowardly attack. Wow. Let's go back to October 7, 2023. Some of the hostages taken at that time are still being held by Hamas.]
New wells:
- Wednesday, September 10, 2025: 14 for the month, 107 for the quarter, 547 for the year,
- 41521, conf, MRO, Semerad 11-18H,
- Tuesday, September 9 2025: 13 for the month, 106 for the quarter, 546 for the year,
- 40576, conf, KODA Resources, Amber 1336-5BH,
RBN Energy: US refiners must adapt to complex, shifting forces to thrive in today's market. Archived.
The refining industry is complex and unpredictable. Recent plant closures in the U.S. and abroad, as well as mounting pressure to produce more renewable diesel (RD) and sustainable aviation fuel (SAF), have shifted the landscape. In addition, an eight-year battle over CITGO’s three U.S. refineries has taken a new direction. Despite these shifts, the refining industry has remained resilient. In today’s RBN blog, we’ll discuss how refineries balance these changes and make choices to shape their future, the focus of our upcoming Refined Fuels Master Class. Warning: Today’s blog is a blatant advertorial.
As we discussed in Us and Them, the U.S. refining industry has undergone a number of changes in recent years, and more turbulence is likely as global economic and trade patterns shift and many governments push decarbonization efforts. For some U.S. refineries, this has led to closures due to weak profits, rising regulatory costs and declining demand for products, particularly gasoline. But other refineries have prospered and even invested in expansions. The domestic refining industry has evolved into the most competitive in the world, and the issues and challenges faced by other countries will likely benefit U.S. refiners.
In today’s blog, we’ll discuss refining basics, the latest news with the CITGO refineries, the push to increase RD and SAF production, and the importance of using the crack spread and yield models to analyze refining margins. Those are among the topics to be covered in greater detail during our upcoming Refined Fuels Master Class, an online-only event hosted on Thursday, October 2, from RBN’s Refined Fuels Analytics (RFA) practice.
