ExxonMobil’s preliminary third-quarter update has put refining front and center for investors. Higher refining margins are expected to add roughly $4.5 billion to downstream earnings compared with the second quarter—on top of the $4.1 billion the company already generated from refining in Q2. That surge comes even as upstream earnings face an estimated $1.3 billion […]
Continue Reading
On Thursday, the International Energy Agency agreed to accelerate the release of more than 20 million barrels of diesel, with no timeline. By our math, that is about 17 hours of world demand, or five days of U.S. use. Emergency barrels help, but they do not build refineries. – The key is whether they actually […]
Continue Reading
Morgan Stanley is leading an equity and debt fundraising for America First Refining’s planned $4 billion oil refinery at the Port of Brownsville, Texas—the first major new U.S. oil refinery in roughly half a century—according to the company. Chief Commercial Officer Tom Ramsey said at a Crude Oil Quality Association conference in Galveston on October […]
Continue Reading
Vice President JD Vance says the administration “has used” the Defense Production Act to expand Delek’s 74,000-barrel-a-day plant in East Texas. Diesel is $6.32 and nobody has published the dollars, the barrels or the start date. Here is what is real, what is not yet, and whether one small refinery can be the start of […]
Continue Reading
The Iran war that began around February 28, 2026, with U.S.-Israeli strikes and subsequent Iranian responses, has reshaped OPEC+ crude production and, more sharply, refined product exports. Pre-war levels (roughly February 2026) represented a relatively stable baseline after earlier OPEC+ quota management. Current output remains under significant stress from Strait of Hormuz disruptions, infrastructure attacks, […]
Continue Reading
California’s Cap-and-Invest and Low Carbon Fuel Standard added about 47 cents a gallon in July (CEC). Washington’s carbon auction and clean-fuel rules add roughly 36–74 cents. The federal RFS is a separate 1-to-45-cent fight over gross credits versus net pump pass-through. We map the published estimates, keep taxes and refinery closures in their own buckets, […]
Continue Reading
The September 2026 Consumer Price Index delivered a clear message: energy prices—especially gasoline and diesel—drove the latest inflation jump. Headline CPI rose 0.6% month-over-month and accelerated to 3.7% year-over-year, up from 3.4% in August, according to the Bureau of Labor Statistics.Bls Gasoline prices surged 9.1% in a single month and accounted for more than half […]
Continue Reading
Diesel is $6.30 a gallon, $2.64 more than a year ago. The International Energy Agency now says the world’s diesel shortage runs “well into 2027.” We checked three clocks, the futures market, the government forecast and the IEA, to estimate how long $6 diesel can hang on, and who pays while it does. Our answer, […]
Continue Reading
The U.S. Energy Information Administration (EIA) released its 2026–27 Winter Fuels Outlook on October 6, 2026, alongside the October Short-Term Energy Outlook. The outlook paints a mixed picture for household heating costs this winter (November through March). Homes that primarily heat with natural gas or propane—about half of U.S. households—are expected to spend less than […]
Continue Reading
ENB Pub Note: This article is from America OutLoud, by Ronald Stein and Mike Ariza. Both have been on the Energy News Beat Podcast, and we recommend reading their work. California is the 4th largest economy in the world and an “ENERGY ISLAND that is separated from the other 48 continental States by the Rocky […]
Continue Reading