A little-known longstanding fossil fuels reduction program that was put in place by the California Air Resources Board (CARB) could very well lead to a 50-cent per gallon cost increase for gasoline and diesel fuel sold in […]
China’s solar capacity is nearly double that of the EU and triple that of the US. China controls approximately 80% of the world’s solar panel supply chain. China is expected to account for almost 60% […]
Four unnamed sources have told Reuters that Saudi state-run oil giant Aramco is in talks to potentially acquire Shell’s billion-dollar gas station business in Malaysia, where the Dutch supergiant owns a network of nearly 1,000 […]
Fuel prices in the UK saw an increase in 2024, with petrol and diesel rising by 10p per litre since the start of the year, according to RAC Fuel Watch data. This equates to an […]
The nationwide average price of gasoline in the United States has risen for three consecutive weeks, gaining 4.3 cents over the past week, to hit $3.62 per gallon on Monday, according to Gasbuddy data. Compared […]
By John Kemp, senior energy analyst at Reuters Portfolio investors have amassed one of the largest bullish positions in U.S. gasoline futures and options since before the coronavirus pandemic, anticipating that prices will continue climbing over […]
Weekly Daily Standup Top Stories Why gas prices in California ‘have gone ballistic’ April 6, 2024 Stu Turley Gas prices have been on the rise nationwide, but for California drivers, they’ve skyrocketed in a short amount of […]
EuropeTankers Telegram A new report from Oslo-based Arctic Securities estimates today that around 20% of Russia’s refining capacity has been knocked offline with as much as 3m more barrels per day at risk from increasingly […]
While other international majors are closing down refineries or converting them to biofuel production, ExxonMobil is expanding its UK site and will start delivering diesel from the expanded Fawley refinery in early 2025. ExxonMobil is investing $1 […]
Gas prices have been on the rise nationwide, but for California drivers, they’ve skyrocketed in a short amount of time. The Golden State’s average at the pump surged by $0.23 to $5.27 per gallon on Friday […]
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