Session was about, dow declining, nasdaq plunging 1. 34 . Yep, the sellers are worries something negative related to the plummeting price of oil could be lurking something that might clubber us as we dont expect it. From the single session pulmoling. Lets talk about the downside of the oil bust. A bust caused by supply and less than healthy demand because of chinas slowing growth. While we have 34 states that are takers of energy versus 16 states that are makers, we know there are ramifications beyond mere production. Today for example, the rails got slammed, hideous because many investors figure were witnessing the end of the marginal oil being shipped by train trade. No matter the oil represents merely 3 or some ways fracking sand is a bigger ticket. We know the Railroad Stocks are continuing higher sales for oil and they may not materialize. Norfolk southern was off today. Oil companies on use the rails in places where there is no Pipeline Capacity because its much more expensive to
The world is on the cusp of what’s likely to be the last big refining boom as India embarks on a capacity expansion to accommodate the country’s rising thirst for fossil fuels.
India is embarking on a capacity expansion of its oil refineries to meet the country s rising thirst for fossil fuels. The building blitz aims to raise production of traditional transport fuels such as gasoline and diesel, which will increase India s refining capacity by more than 20% over the next five years. This boost comes at a time when the global refining industry is declining in the US and Europe, making India a rare exception. The slower adoption of electric vehicles in India and the country s growing transport demand will keep the appetite for gasoline and diesel higher for longer.
(Bloomberg) The world is on the cusp of what’s likely to be the last big refining boom as India embarks on a capacity expansion to accommodate the country’s rising thirst for fossil fuels.Most Read from BloombergMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneMusk Says First Neuralink Patient Received Implant in BrainMicrosoft Sales Top Estimates; Cloud Growth Disappoints SomeTech Giants Slide in Late Trading After Earnings: Markets WrapUPS CEO Kicks Off Productivity