Thursday, January 23, 2025

Russia Decreasing Oil Export Duty by 9% Starting December

The new export duty in Russia will be $88.40 per ton The export duty on oil in Russia will decrease to $88.40 per ton starting December 1, Alexander Sakovich of the Russian Finance Ministry told TASS. The new export duty represents a 9% decrease from the $97.10 per ton being charged in November. Oil and gas export duties represent a

Mexico Declares Interest to Join the IEA

Mexico hopes to join the IEA as it continues reforming the oil and gas sector Mexican Secretary of Energy Pedro Joaquin Coldwell today presented International Energy Agency (IEA) Executive Director Fatih Birol with an official letter declaring Mexico’s interest in becoming an IEA member. The declaration of interest is the latest step in Mexico’s ongoing process of reforming its oil

American Airlines Frequent Flier Program to Reward Dollars Spent, Not Miles

From the Chicago Tribune American Airlines, the world’s largest carrier, said Tuesday that it is fundamentally changing how it awards frequent flier miles, joining other major U.S. airlines by rewarding dollars spent instead of miles flown. The change, also made by Chicago-based United Airlines earlier this year, benefits big-spending corporate travelers, who are more profitable for the airline, and hurts

Energy Transfer Partners Completes Dropdown of Remaining Retail Business for $2.2 Billion

Latest dropdown brings total transactions to $5.7 billion in just over a year Energy Transfer Partners (ticker: ETP) announced the dropdown of its remaining retail business to Sunoco LP (ticker: SUN) for total consideration of $2.226 billion. Energy Transfer Partners’ dropdown consisted of its remaining 68.42% interest in Sunoco, as well as its 100% interest in the legacy Sunoco retail