Tag: refinery operations

CITGO’s sale finally approved in the courts

  • December 4, 2025

Citgo Sale Approved After Years of Court Battles The long-running legal saga surrounding the future of Houston-based Citgo Petroleum reached a major turning point after a federal judge approved the company’s $5.9 billion sale to Amber Energy. The decision follows years of litigation, global political implications, competing bids, and a highly watched court-supervised auction process. …

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U.S. Oil Stocks Drop While Cushing Storage Rises

  • October 29, 2025

Crude Oil Stocks Fall Nearly Seven Million Barrels The U.S. government reported a nearly 7 million-barrel drop in crude oil stocks nationwide, marking a notable weekly decline in reserves. The U.S. Energy Information Administration (EIA) said the amount of crude oil in storage fell 6.8 million barrels over the past week — declining from 422.8 …

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