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Refinery
Crude Oil News

Lukoil Refinery and Gazprom Plant Hit by Massive Ukrainian Drone Attack

February 3, 2025 Mariel Alumit

The biggest refinery in southern Russia and a major gas processing plant controlled by Gazprom were hit by a massive attack of Ukrainian drones on Monday, officials from Ukraine and Russia said. Lukoil’s refinery in Volgograd, which […]

Tariffs
Crude Oil News

Tariffs on Oil Are a Major Problem for U.S. Refiners

February 3, 2025 Mariel Alumit

US tariffs on Canadian and Mexican imports will add to the financial burden of US refiners struggling with declining profit margins. Canada may divert oil exports to Asia due to the tariffs, while Mexico could […]

No Picture
Crude Oil News

US refinery blaze prompts shelter-in-place alert

February 2, 2025 Mariel Alumit

Six workers have been injured as a result of a fire at California’s Martinez Refining Company A massive fire broke out at a refinery in Martinez, California on Saturday, prompting a shelter-in-place order for surrounding […]

Crude Oil News

EXPLOSIVE FIRE AT CALIFORNIA REFINERY—TOXIC SMOKE WARNING ISSUED

February 1, 2025 Clark Savage

Firefighters rushed to the Martinez Refining Company but couldn’t get inside right away. Thick smoke filled the air, and officials had no idea what chemicals might be burning. A public health advisory is now in […]

Crude Oil News

Chevron Starts Using ‘Gulf of America’ in Nod to Trump

January 31, 2025 Clark Savage

Exxon CEO says Trump was right to reverse Biden policies Trump has promised to support oil and gas production Chevron Corp. has begun using “Gulf of America” instead of “Gulf of Mexico” to describe the location […]

ship-to-ship transfers
Crude Oil News

Russian-linked ship-to-ship transfers spike in wake of US sanctions

January 30, 2025 Mariel Alumit

Ship-to-ship transfers of Russian-linked oil have spiked dramatically this month in the wake of America’s largest sanctions package aimed at Russia’s shadow fleet. Data from maritime risk analytics firm Windward shows there has been a […]

Turkey
Crude Oil News

Is Turkey Breaking Its Own Oil Embargo?

January 29, 2025 Mariel Alumit

As Erdogan champions the Palestinian cause, evidence suggests that his regime is facilitating support for Israel. At the end of November, Turkish President Recep Tayyip Erdogan delivered the keynote address at a forum for the […]

oil well drill ship created by Grok on X
Big Oil Companies

Big Oil Earnings Slump Puts Payouts to Investors Under Pressure

January 29, 2025 Clark Savage

Fourth-quarter profit to be lowest in more than three years Oil markets weigh uncertain outlook driven by Trump’s return The flow of dividends and buybacks from the world’s largest oil companies is under pressure, with […]

natural resources
Crude Oil News

Planet Earth’s natural resources are limited to its 8 billion residents

January 29, 2025 Mariel Alumit

Earth has existed for more than 4 billion years without present-day humans. In the past, dinosaurs and cavemen never used its plentiful natural resources. Today, with 8 billion humans on this planet, the few wealthy […]

Crude Oil News

Ukraine Drones Hit Second Russian Oil Refinery in Less Than a Week

January 29, 2025 Clark Savage

Ukraine early on Tuesday hit with drones an oil refinery near Nizhny Novgorod in western Russia, the General Staff of the Armed Forces of Ukraine said, announcing a second hit at a Russian oil refinery in […]

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