Carlyle’s stalled Lukoil deal leaves refineries idle in tight market

The stalled Carlyle Group deal with Lukoil has left several refineries operating below capacity as the agreement has languished in the US government's approval process for nearly a year. With fuel prices skyrocketing, this delay underscores the challenges in navigating regulatory hurdles, especially in a competitive market. The implications are significant, as the prolonged inactivity not only impacts refinery operations but also highlights broader issues in cross-border energy investments. For more details, check out the full article on the Financial Times website.