By Tsvetana Paraskova of OilPrice.com After a brief hiatus around the time the EU embargo and the G7 price cap on Russian crude came into force, China’s largest state-held refiners have resumed purchases of Russia’s […]
February 13, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, February 2023 In our February Short-Term Energy Outlook (STEO), we forecast that U.S. refinery utilization will remain similar to 2022 at above 90% […]
The French nationwide strike over proposed pension reform (Macron is seeking to raise the retirement age from 62 to, gasp, 64; the French say “non”) which we profiled last week, interrupted on Tuesday the shipment […]
Authorities in the US state of Ohio have threatened to arrest anyone who does not leave an evacuation zone near the smouldering wreckage of a train derailment near the Pennsylvania state line, warning that there […]
(Reuters) The European Union’s ban on Russian fuel imports that begins next week is expected to keep profit margins high this year at U.S. oil refiners, executives said, as global fuel trade shifts. A Feb. […]
Exxon Mobil Corp. has set the cost of its planned Canadian renewable-diesel facility at C$720 million ($540 million) and said much of the fuel will be shipped to British Columbia to support the province’s emissions-reduction […]
Jan 26 (Reuters) – Valero Energy Corp (VLO.N) zoomed passed Wall Street estimates for quarterly profit on Thursday, wrapping up the refiner’s best year on record, boosted by higher demand for fuel and healthy refining margins […]
The Texas Oil & Gas Association (TXOGA) released its annual Energy & Economic Impact Report highlighting the industry’s continued and unmatched economic impact, the Lone Star State’s global energy leadership, and what is needed to continue meeting […]
Sun sets on the Philadelphia Energy Solutions plant refinery in Philadelphia, Pennsylvania, U.S., January 9, 2020. Picture taken January 9, 2020. REUTERS/Mark Makela Jan 23 (Reuters) – U.S. oil refiners are expected to report higher […]
Originally published on November 10, 2022 The US is experiencing a dangerous shortage of diesel fuel. Blame our anti-fossil-fuel politicians, who: Prevented us from importing Canadian oil well-suited to our refineries Prevented or shut down […]
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