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Location of United States petroleum refineries, 2012. The United States petroleum refining industry, the world's largest, is most heavily concentrated along the Gulf Coast of Texas and Louisiana. In 2012, US refiners produced 18.5 million barrels per day of refined petroleum products. [18] Of this amount, 15 percent was exported. [19]
A market developed for fuel oil as it was discovered that petroleum was superior to coal in powering the large engines of ships and railroad locomotives. The prevalence of the automobile in the early 1900s created a mass market for gasoline, and a shortage soon developed of the lighter gasoline fractions of crude oil.
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An attempt to acquire OPIS in 2011 failed following market objections and Federal Trade Commission resistance. [ 14 ] In 2022, when S&P Global completed a merger with IHS Markit, it combined the divisions S&P Global Platts and IHS Markit ENR to form the renamed S&P Global Commodity Insights, dropping Platts from the division's name, [ 15 ...
Energy stocks have outperformed the broader market to start the year, kicking off 2025 with gains as oil and natural gas prices have edged higher. The S&P 500 Energy Sector ...
The associations representing the natural gas industry, such as America's Natural Gas Alliance, were invited to be on the program but declined. [19] In June 2011, when Urbina's article appeared in The New York Times, the latest figures for U.S. proved reserves of shale gas were 97.4 trillion cubic feet, as of the end of 2010. [20]
The petrochemical industry is concerned with the production and trade of petrochemicals. ... 2023 market cap $ (billion) [3] BASF: Germany: 62.30: 51.1 Dow Chemical: US:
The stock market has been on a tear in 2024, with the S&P 500 rising by nearly 21 percent over the first three quarters of the year. But the situation may not be so brisk over the coming 12 months ...