(Reuters) U.S. fuelmakers are expected to post higher first-quarter earnings in coming days on strong fuel exports and margins even as domestic diesel demand slumped during the period. Refiners have been riding a wave of favorable […]
California lawmakers on Monday approved the nation’s first penalty for price gouging at the pump, voting to give regulators the power to punish oil companies for profiting from the type of gas price spikes that […]
By Tsvetana Paraskova of Oilprice.com, With global trade being upended by sanctions on Russia while Asia and the Middle East add refining capacity at the expense of the U.S. and Europe, orders for fuel tankers […]
Here’s some bad news for drivers of luxury cars and large sport-utility vehicles who are pumping the top grade of gasoline: the premium they pay over regular fuel is getting pricier.US and European refiners are […]
Motorists in the Midwest US could expect to pay more for gasoline under a fuel policy shift demanded by governors in the region, with a new refining industry-commissioned analysis outlining larger-than-expected impacts of the change.The study, […]
By Charles Kennedy of OilPrice.com Gasoline demand in the United States rose by 1.7% last week, and was also 3.7% higher than the four-week moving average, GasBuddy reported as quoted by Reuters. “For the first […]
Clean product tanker rates soared last week after the European Union and G-7 nations targeted Russia’s petroleum sales. Restrictions on Russian crude exports began in early December. The sanctions have been a ploy by Western […]
Semi-trucks line up near Pier J to retrieve shipping containers from China-based ship at the Port of Long Beach, in Long Beach, California, U.S., April 4, 2018. REUTERS/Bob Riha Jr./File Photo WASHINGTON, Feb 9 (Reuters) […]
The cost of moving gasoline and other fuels on ocean-going tankers is soaring days after sanctions targeting Russia’s petroleum sales. Daily earnings for relatively tiny tankers delivering refined fuels in the Atlantic ocean have surged […]
Europe has imposed a ban on Russian diesel fuel and other refined oil products, slashing energy dependency on Moscow and seeking to further crimp the Kremlin’s fossil fuel earnings as punishment for invading Ukraine. Sunday’s […]
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