The Venezuelan-owned refiner now expects $7.7 billion to $8 billion in 2026 EBITDA on surging fuel margins. Meanwhile, the court fight over who owns it reaches a federal appeals court today. an arbitration award against Venezuela. On Nov. 25, 2025, Judge Leonard P. Stark approved a $5.9 billion bid from Amber Energy, an affiliate of […]
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Unconfirmed Houthi strike claims on Saudi oil sites and a reported mine hit in Hormuz pushed Brent past $111. With diesel at $6.32, truckers, farmers and grocery shoppers carry the load, and U.S. barrels and refineries are the cushion. By Energy News Beat | Tuesday, Oct. 20, 2026 | Pump prices as of 7:19 a.m. […]
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On October 19, 2026, President Donald J. Trump, speaking at a campaign rally in Park City, Kansas, announced that the U.S. Department of Agriculture (USDA) would make $8 billion available through a new Harvest Fuel Relief (HFR) Program. The program provides one-time payments to American farmers to help offset elevated diesel costs and other increased […]
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Where your diesel dollar goes: the refiner’s slice of a gallon has roughly tripled in a year. Valero reports Thursday, and Wall Street expects about $21 a share. By Energy News Beat | Monday, Oct. 19, 2026 | Prices as of 6:28 a.m. CT unless noted If you topped off a 30-gallon diesel pickup this […]
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North Carolina now has the lowest state average in the country after a 41-cent break. Studies say most of a cut reaches drivers, but not all of it, and the bill for roads comes due later. If you filled up in North Carolina this morning, you paid about $3.61 for a gallon of regular. That […]
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Russian President Vladimir Putin has proposed a trilateral summit with U.S. President Donald Trump and Chinese President Xi Jinping next month to discuss ending the war in Ukraine, according to an exclusive Wall Street Journal report cited by Bloomberg and other outlets on October 18-19, 2026.Bloomberg The idea was first raised during a phone call […]
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Washington let Russian diesel in, then froze the new Russia sanctions law with no end date. Diesel is up 4.5 cents in a week. Filled up a diesel truck today? You paid about $6.32 a gallon, the AAA national average ($6.3224), up 4.5 cents from a week ago and $2.69 more than a year ago. […]
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Iran says two loaded tankers hit mines. Ukraine ended a brief energy truce, the SPR put 17 million more barrels on offer, European wholesale gas sits $25 above the U.S. benchmark, and the Secretary of State is touring the world’s largest single-site refinery. Here is how this week’s five biggest stories land in your tank […]
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Brent closed Friday at $109.86 and the futures market prices $100 oil into spring. Gas costs about nine times more in Europe and Asia than at Henry Hub, the U.S. benchmark, coal demand is headed for a record, and five of the world’s eight oil chokepoints have trouble. Here is what it means for your […]
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Brent crude settled at $109.86 per barrel on Friday, October 16, after touching $110 intraday—the highest since May—while WTI closed at $101.41. The move capped a week of gains driven by persistent supply risks from the ongoing U.S.-Iran conflict (now approaching eight months), Russian-Ukrainian strikes on energy infrastructure, Houthi activity, and a sharp acceleration in […]
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