Governor Gavin Newsom recently signed a law aimed at preventing gas price spikes in California, but experts say the new regulations could have unintended consequences that harm consumers and the industry. The recent closure announcement […]
Phillips 66 announced Wednesday that it plans to close operations at its Los Angeles-area refinery late in 2025. The company said in a press statement that it “will work with the state of California to supply fuel […]
Gavin Newsom enacted a law empowering state bureaucrats to monitor and control inventory levels at oil refineries, aiming to prevent gas price hikes. Democratic California Gov. Gavin Newsom enacted a law Monday that will empower […]
Refinery margins for petroleum refiners across the world are shrinking, indicating reduced profitability from refining crude oil and selling petroleum products. Declining margins are the result of relatively weak demand for petroleum products even as […]
MEXICO CITY, Oct 10 (Reuters) – Mexico’s state-owned Pemex’s new oil refinery is processing crude at about 80% of its capacity, the country’s president said on Thursday, an amount that marks a big jump from […]
Daily Standup Top Stories It’s time to follow the Navy’s 50-year safety record of nuclear power generation September 17, 2024 Mariel Alumit Delivery of affordable, abundant, reliable, clean, and emissions-free electricity to customers is very important […]
OPEC argues that taxes on gasoline are a more significant factor in pump prices than the cost of crude oil. The organization claims developed nations earn more from gas taxes than OPEC does from oil […]
Weekly Daily Standup Top Stories Oil Majors and Traders Vye for Shell’s South African Assets September 8, 2024 Stu Turley Shell is divesting from its downstream operations in South Africa, attracting interest from major oil traders […]
Scotland’s only oil refinery is to close by the summer of next year, with the loss of 400 jobs. Petroineos said the closure of Grangemouth was due to it being unable to compete with sites […]
Chevron announced that non-essential employees and contractors have been pulled from four platforms in the US Gulf of Mexico ahead of a tropical storm. Potential Tropical Cyclone Six, or Invest 91L, churns in the southwestern Gulf […]
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