In a dramatic turnaround amid California’s escalating energy crunch, state legislators are reportedly negotiating to hand over hundreds of millions of dollars to Valero Energy Corp. to prevent the shutdown of its Benicia refinery in […]
In a bold escalation of the ongoing conflict, Ukrainian forces have targeted key Russian energy infrastructure, striking multiple oil and gas pipelines in a 24-hour blitz. These attacks, confirmed by Ukrainian military intelligence, have crippled […]
In a bold move that underscores growing tensions over global environmental regulations, the United States has reportedly urged other nations to oppose a proposed United Nations deal aimed at curbing emissions from marine fuels, threatening […]
In a stunning reversal that underscores the pitfalls of California’s aggressive green energy agenda, the state’s plan to cap refiner profits—a measure signed into law by Governor Gavin Newsom in 2023—has been delayed by five […]
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 […]
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