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Lebanon's Ministry of Energy updated fuel prices: 95 Octane Gasoline at 1,456,000 LBP, 98 Octane at 1,495,000 LBP, Diesel at 1,390,000 LBP, and Gas at 1,138,000 LBP. Ongoing market volatility stresses the need for better energy policies.

#Lebanon #FuelMarket #EconomicStability

Ampol reports strong retail margins amid fuel volume decline Investing.com -- Ampol Limited (ASX:ALD) expects to report first-half 2025 EBITDA of approximately $640 million and EBIT of approximately $400 million, the company announced in a trading update on Wednesday. The earnings guidance is generally in line with market expectations at the EBITDA level but about 2% ahead of consensus for EBIT, excluding outliers. Ampol’s Convenience Retail division saw earnings growth despite fuel volumes declining 4.3% year-over-year in the second quarter, an improvement from the 4.9% decline in the first quarter. The growth was primarily driven by favorable premium fuel mix. Shop income remained flat compared to the previous corresponding period, with tobacco continuing to be a headwind for shop sales, though it represents less than 20-25% of shop sales and an even smaller percentage of gross profit. The company expanded its unmanned U-GO sites to 34 by the end of the first half. The New Zealand business experienced modest earnings growth, with retail margins remaining healthy despite weaker sea-freight conditions partially offsetting benefits from Ampol’s integrated supply chain. Management indicated that freight headwinds have eased in the second half. Fuel volumes in New Zealand grew 0.5% in the second quarter, slowing from 3.2% growth in the first quarter. Fuels and Infrastructure Australia earnings were broadly flat year-over-year, with volumes declining 3.3% in the second quarter, while Fuels and Infrastructure International operated at breakeven levels due to limited physical opportunities. The Lytton refinery reported a second-quarter Lytton Refiner Margin of US$8.71 per barrel, higher than the first quarter’s US$6.07 per barrel, which was impacted by Cyclone Alfred. Management indicated Lytton was profitable in the second quarter, though first-half EBIT was around breakeven due to first-quarter losses. Jefferies maintained its Buy rating on Ampol with a price target of AUD31.50, up from AUD31.00 previously, representing a 13% upside from the current price of AUD28.00. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Russia says domestic gasoline, diesel markets fully stocked Russia says domestic gasoline, diesel markets fully stocked Investing.com -- Alexander Novak, the Deputy Prime Minister of Russia, held a meeting on Wednesday regarding the domestic oil products market. Officials confirmed that the domestic market is fully stocked with gasoline and diesel fuel. The Russian government released a statement on Telegram, stating that Novak instructed officials to maintain a close watch on fuel prices. This is to ensure a steady supply, especially during the summer months when demand typically increases. The government reassures that the domestic market is well-prepared to meet this surge in demand. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Which stock should you buy in your very next trade? With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies. Unlock ProPicks AI 0 Latest comments

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@severinborenstein.bsky.social "told SFGATE that the current spike is a significant jump. 'It’s definitely not normal to see this sort of [spike] even when we do switch over to the summer blend.'"

#gasprices #bayarea #refineries #fuelmarket

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"So far it looks like we've just seen 3-4 cents/gallon, but I think that it's going to continue to go up...It's really hard to know how much because we don't know how much..." @severinborenstein.bsky.social @audacyinc.bsky.social #gasprices #bayarea #refineries #fuelmarket

tinyurl.com/525p3y5c

“I think there is going to be a spike in gas prices...This is coming at a time of relatively low demand for gasoline in California...” @severinborenstein.bsky.social The Mercury News #gasprices #bayarea #refineries #fuelmarket

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