Data source: U.S. Energy Information Administration, Petroleum Supply Monthly Five years after the COVID-19 national emergency was declared, gasoline demand, distillate demand, and jet fuel demand all remain less than pre-pandemic averages. Several factors are keeping demand, which we […]
In a move that underscores the mounting pressures on California’s oil refining industry, Phillips 66 is set to begin winding down operations at its 139,000 barrel-per-day (bpd) Los Angeles-area refinery starting in September 2025, with […]
In the early hours of August 28, 2025, Ukrainian forces launched a significant drone assault on multiple Russian oil refineries, marking yet another escalation in the ongoing conflict’s economic warfare. The attacks targeted the Kuibyshev […]
Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), August 2025 Note: Growth rates are compound annual growth rates for 2010 to 2019, 2020 to 2024, and 2024 to 2026. We use product supplied to estimate consumption. U.S. […]
Motorists in the Midwest are feeling the pinch at the pump as gasoline prices have surged by an average of 27 cents per gallon in recent days, largely due to an unexpected outage at BP’s […]
Daily Standup Top Stories What Does Powell’s Comments in Jackson Hole Mean to the Oil and Gas Markets and Investors? August 23, 2025 Clark Savage Federal Reserve Chair Jerome Powell’s annual address at the Jackson Hole […]
In a bold move echoing his first-term trade policies, President Donald Trump has imposed tariffs and sanctions on India, targeting its massive imports of Russian crude oil. These measures, including a 25% tariff on certain […]
ENB Pub Note: This is an outstanding article from David Blackmon’s substack, and we recommend you support and subscribe to his channel. We had covered this last week on the Energy News Beat Daily stand-up, […]
The United States has formally rejected the International Maritime Organization’s (IMO) proposed carbon levy, branding it a “global carbon tax on Americans” and vowing to rally opposition ahead of a key vote in October. In […]
In a significant blow to India’s energy landscape, Nayara Energy—operator of the country’s second-largest refinery—has experienced a dramatic plunge in crude oil imports this August, hitting historic lows. This downturn is largely attributed to the […]
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