Just as Chevron Oil company announced that it is moving its headquarters to Houston Texas from San Ramon California, California Energy Commission regulators announced proposed government controls of the petroleum industry, ostensibly in order to combat future […]
Crude oil imports from Canada have become increasingly important to U.S. oil refineries, now making up most U.S. imports. U.S. oil refining capacity stood at 18.4 million barrels per day (b/d) as of January 1, 2024. In […]
The EPA issued an emergency waiver of fuel rules in four Midwest states to address shortages tied to a power outage at an Exxon Mobil Corp. refinery in Joliet, Illinois. The order waives Reid vapor pressure and […]
U.S. refining capacity increased this year for the second time since the COVID-19 pandemic, according to our annual Refinery Capacity Report. U.S. operable atmospheric crude oil distillation capacity, the primary measure of refinery capacity, totaled 18.4 […]
Daily Standup Top Stories China’s banking turmoil: 40 banks vanish as crisis deepens July 22, 2024 Mariel Alumit The Chinese banking sector is facing a severe crisis. In just one week, 40 banks disappeared, and the […]
Russia and Cuba have discussed the idea of building an oil refinery in Cuba with the help of Russian companies, the deputy speaker of the Russian parliament was quoted as saying. During a visit of […]
Crude oil prices went higher today, after the U.S. Energy Information Administration reported an inventory draw of 4.9 million barrels for the week to July 12. This was on top of the draw of 3.4 million barrels for the previous […]
Production capacity of sustainable aviation fuel (SAF) in the United States could increase from around 2,000 barrels per day (b/d) to nearly 30,000 b/d in 2024 if all announced capacity additions come on line. Developers […]
Daily Standup Top Stories BP Shares Plummet on $2 Billion Impairment Warning July 9, 2024 Mariel Alumit Shares in BP fell by as much as four percent this morning after it warned it was expected to […]
Germany is nearing a decision on what to do with the local units of Russian oil major Rosneft PJSC that the government seized two years ago after Moscow’s invasion of Ukraine. The future of the […]
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