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Brent may rise toward $100/bbl as Saudi output cut could worsen supply gap, while Energy sector’s COVID recovery turns into massive CEO payday
Saudi Arabia's Minister of Energy Prince #Abdulaziz bin Salman Al-Saud arrives for an #OPEC meeting in Vienna, Austria, June 3, 2023. REUTERS/Leonhard Foeger Brent may…
Buffett Boosts Occidental Petroleum Stake To 24.9%
Image courtesy of: https://invezz.com/news/2022/03/09/occidental-petroleum-stock-rising-with-oil-prices-is-it-time-to-buy/ Warren Buffett’s Berkshire Hathaway has bought more shares in Occidental Petroleum, boosting its stake in the company to some 24.9%, MarketWatch…
Summer Grade Gasoline | June 1st
Michigan gas prices rise as summer, Memorial Day approach Gas prices begin to go up as gas stations across the country make the switch to…
RKA | Westland
RKA thanks the City of Westland for holding a Ribbon Cutting Ceremony for RKA Petroleum at our new Bumper to Bumper Maintenance Facility” at 468 Newburgh. All of us are also very…
3 Reasons Why Oil & Gas Is Goldman Sachs’ Favorite Sector
Despite the renewed selling in oil and gas, Goldman Sachs remains bullish on energy. The energy sector is the cheapest of all 11 U.S. market…
Team Detroit
RKA Petroleum is proud to partner with Team Detroit Basketball Club, a 501c3 AAU basketball club in Detroit, MI. Both Team Detroit squads took home…
Atomic Breakthrough Could Have Huge Implications For Petroleum Refining
Summary University of Wisconsin-Madison chemical engineers have developed a model of catalytic reactions at the atomic scale. The model uses powerful simulation techniques and offers…
What is an oil jobber?
A jobber, or petroleum marketer, is a person or company that purchases quantities of refined fuel from refining companies (e.g., BP, Shell, Exxon), either for sale to retailers (e.g., gasoline stations), or…
What is the Difference between WTI and Brent Crude Oil?
What is the difference between light and heavy crude oil? The difference between the two has to do with its liquid density to water. You may…
This Week in Petroleum
Brent crude oil price basket now includes U.S. crude oil Declining production of the five North Sea crude oil grades in the Dated Brent benchmark has prompted…