While the re-routing of ships will certainly send ripples through global trade, and may affect availability of Group III base oil from the Persian Gulf to the US, the overall impact on base oil supply is not expected to be significant or long lasting.
Cleopatra Resources LLC announced today the sale of substantially all the convenience retail assets of its wholly owned subsidiary, American Natural Retail PA LLC., to Giant Oil. The transaction included 11 company-operated convenience stores, with an additional two company-operated retail locations scheduled to close in 2024.
Matrix Capital Markets Group, Inc., a leading, independent investment bank, announces that it has advised Santmyer Companies, Inc. on the sale of its Red Rover convenience retail stores to Par Mar Oil Company and its branded dealer wholesale business to Countywide Petroleum Company (subsidiaries of Croton Holdings Co.).
While the re-routing of ships will certainly send ripples through global trade, and may affect availability of Group III base oil from the Persian Gulf to the US, the overall impact on base oil supply is not expected to be significant or long lasting.
Cleopatra Resources LLC announced today the sale of substantially all the convenience retail assets of its wholly owned subsidiary, American Natural Retail PA LLC., to Giant Oil. The transaction included 11 company-operated convenience stores, with an additional two company-operated retail locations scheduled to close in 2024.
Matrix Capital Markets Group, Inc., a leading, independent investment bank, announces that it has advised Santmyer Companies, Inc. on the sale of its Red Rover convenience retail stores to Par Mar Oil Company and its branded dealer wholesale business to Countywide Petroleum Company (subsidiaries of Croton Holdings Co.).
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