Vitol Goes Deeper on Distribution

Vitol bids for Citgo's parent. US refiner's weekly capacity drops 21,000 bopd. Big Oil and Big Corn alliance to challenge Pro-EV policies. Texas market size set to grow by USD 1.18 billion from 2024-2028.

Author

Rob Quigley
June 20, 2024

by VSO Petroleum Consultants. Oil and Gas industry news for those in the deal flow (Investors and A&D Professionals). Your daily source for the latest A&D/M&A news, industry news, and expert interviews.

First Things First:

Vitol bids for Venezuela-owned Citgo's parent company, Citgo Petroleum, shaking up the global energy market.

Vitol Is Said Among Bidders for Venezuela-Owned Citgo's Parent

For Vitol, a successful bid for Citgo would represent the latest in a series of investments in refining and distribution.

www.rigzone.com/news/wire/vitol_is_said_among_bidders_for_venezuelaowned_citgos_parent-19-jun-2024-177145-article/?rss=true

US refiners' weekly capacity drops 21,000 bpd BOE Report.

Big Oil and Big Corn alliance to challenge Pro-EV policies OilPrice.

Texas market size set to grow by USD 1.18 billion from 2024-2028 PR News Wire.

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Daily Headlines

  • US refiners' weekly capacity drops 21,000 bpd BOE Report.

  • Will there be a staggering oil supply glut in 2030? Oil & Gas 360

  • Huge rare earths discovery impacts US-China trade OilPrice.

  • Demand pessimism in oil market dissipates OilPrice.

  • Big Oil and Big Corn alliance to challenge Pro-EV policies OilPrice.

  • China curbs overcapacity in lithium battery industry Oil & Gas 360.

  • US oil and gas group sues EPA over truck regulations Spectrumn News.

  • Strong output spares capacity to keep Brent at $75-90 Natural Gas World.

  • Texas market size set to grow by USD 1.18 billion from 2024-2028 PR News Wire.

Deal Flow

M&A/Investment

  • Vitol bids for Venezuela-owned Citgo's parent company, Citgo Petroleum Rigzone.

  • HitecVision sells its final shareholding in a large Norwegian operator for $2.1b Upstream Online.

  • South Korea’s SK Innovation and SK E&S consider merger Reuters.

  • Eni to sell 1.1 billion stake in Ivory Coast exploration operations Oil & Gas 360.

IPO/Direct Listing/Issuances/Block Trades

  • No deals match this criteria.

Debt

  • Veren offers investment-grade senior notes BOE Report.

SPAC

  • No deals match this criteria.

Bankruptcy/Restructuring/Distressed

  • No deals match this criteria.

Fundraising

  • No deals match this criteria.

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