REPYY News and Press, Repsol S.A. ADR From 07/01/22

Canada's east coast has only enough natural gas supply to accommodate one new liquefied natural gas export facility, and the project that would boost shipments to Europe the fastest is Repsol's ( OTCQX:REPYF ) ( OTCQX:REPYY ) plant in New Brunswick, Canada Environment Minist...

Multinational energy and petrochemical company Repsol engages in worldwide upstream and downstream activities. Repsol announced more digital tools to develop new relationships with customers and more cash generation. The net income growth appears simply quite impressive. Developed...

Two drones flying from the direction of Ukraine caused an explosion at Russia's Novoshakhtinsk oil refinery Wednesday, according to sources cited by Reuters. The refinery has capacity to process 7.5mtpa, or ~150kb/d. European gasoil (diesel) margins closed in London at $55.30/b, ~$1 below all...

Energy stocks (XLE) have retraced all of their gains since Russia's invasion of Ukraine, are down ~15% from recent highs and still well below all-time highs reached in 2014. Yet oil prices (USO) remain elevated in the face of historic reserve releases and a lockdown of the Chinese econom...

The President penned a letter to energy executives Wednesday, acknowledging the global refining capacity shortage, and asking for help. On the President's numbers, ~3.0mb/d of refining capacity has shuttered since the beginning of the pandemic. With demand for gasoline and diesel recovering, ...

OPEC released its Monthly Oil Market Report Tuesday, noting that Q2 oil demand expectations were reduced for the cartel, as China lockdowns impacted use; however, annual demand growth of 3.4mb/d was "broadly unchanged" as 2h demand expectations increased. Perhaps more importantly, supply from...

Libya's oil minister said in a statement over the weekend, that oil production in the OPEC nation had fallen from 1.2mb/d in 2021 to ~100kb/d currently. Outages have reduced output by 0-500kb/d in recent months, with a recent restart of production thwarted after gunmen forced workers to shut ...

Repsol (OTCQX:REPYF) (OTCQX:REPYY) said Thursday it agreed to sell a 25% stake in its renewable energy business to Credit Agricole and Energy Infrastructure Partners for €905M (~$970M), culminating months of talks with potential buyers. The deal values the Repsol Renovables unit, which...

Repsol (OTCQX:REPYY), Spain's largest oil and gas producer, is reportedly in discussions with private equity giant EIG about divesting 25% of its upstream business. Repsol (OTCQX:REPYY) has struggled with its upstream assets for several years; after announcing the acquisition of Talisman in 2...

Europe has announced measures to phase out Russian oil (USO) imports in 2022; however, the impact on global supply and demand could be limited, as seaborne exports re-route to other markets. Importantly, Europe also plans to ban distillate imports (heating oil, diesel, jet fuel); a much more ...