Fire broke out on Wednesday morning Blaze has been put out Russia investigating attacks on its oil installations This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine […]
June 17 (Reuters) – Since the onset of the global pandemic, the United States has lost nearly 1 million barrels per day of oil refining capacity, with more set to be shuttered in the next […]
Around a third of the nation’s fuel processing is out of action Beijing tightly controls industry via a strict quota system As gasoline prices soar and the US considers invoking Cold War-era laws to boost production, […]
The White House has sought to deflect the blame for high gasoline prices onto refiners for cutting capacity and not making enough fuel, but the real source of the price increases is the attempt to […]
Exxon has claimed waiving the Jones Act vessel requirements will tame prices Tools at Biden administration’s disposal are limited: analyst Waiving a century-old shipping law to let foreign-flagged vessels transport fuel between US ports — […]
Strict lockdowns in Shanghai and the resulting depressed fuel demand led in May to the largest annual decline in Chinese refinery production in at least the past decade, official data cited by Reuters showed on Wednesday. Last […]
Independent oil refiner and marketer Marathon Petroleum Corporation MPC reported earnings per share of $1.49, which comfortably beat the Zacks Consensus Estimate of $1.12 and compared with a loss of 37 cents per share in the year-ago […]
The Black Sea — a major artery for the movement of commodities at the crossroads of Europe and Asia — is suddenly drawing the world’s attention as the conflict in Ukraine unfolds. Half a dozen […]
Phillips 66 may idle a New Orleans-area refinery that suffered so much damage during Hurricane Ida that repairs may be too costly, according to people familiar with the operation. Chief Executive Officer Greg Garland is […]
Port Fourchon, America’s biggest base supporting the U.S. Gulf of Mexico offshore oil industry, appears to have largely withstood a powerful punch left by Hurricane Ida after the Category 4 storm tore through the Louisiana […]
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