WASHINGTON – The American Petroleum Institute (API) and American Fuel & Petrochemical Manufacturers (AFPM) today released the following statement after a meeting that included Secretary of Energy Jennifer Granholm, senior White House officials and leaders of the top U.S. […]
France’s top oil refinery is set to halt because of a workers’ strike over pay, the latest hit to the nation’s fuelmaking capacity from the weeklong industrial action. TotalEnergies SE is halting its refinery in […]
The Permian Basin is among the most important energy-producing regions in the world. About 72 percent of Texas oil production and 46 percent of Texas natural gas production occurs there, and the area is a […]
The government has placed the Russian oil giant’s three refineries in Germany under trusteeship as it seeks to manage the impact of the energy crisis. The German government has taken the German subsidiary of Russian […]
Emboldened by his successful boycott of President Joe Biden’s Summit of the Americas, Mexican President Andres Manuel Lopez Obrador further humiliated Biden at the White House this week. The leftist populist, known universally as AMLO, savaged Biden […]
During an onsite tour yesterday, ExxonMobil leaders emphasized plans to build a hydrogen production plant and carbon capture and storage (CCS) project at its integrated refining and petrochemicals site in Baytown, Texas. The CCS project […]
India has imposed windfall tax on oil producers and refiners who have boosted product exports to gain from higher overseas margins as the government seeks to increase local supply of fuels to meet rising demand […]
The Chinese government has announced that it will subsidize refiners if international benchmark crude prices hit $130 per barrel. COVID lockdowns have crippled China’s refinery output. The Chinese government will offer subsidies to refiners initially […]
The nation’s capacity to refine crude oil into fuel and other products fell below 18 million b/d at the beginning of 2022 and hit its lowest level since 2014, according to the federal government’s annual […]
Source NPR: President Biden and Big Oil are at each other’s throats. At a time when gas prices are at the highest level in history, hurting regular Americans, he points out that Big Oil companies […]
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