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Downstream

U.S. oil refiners again expand fuel capacity after big shrink

June 22, 2023 Clark Savage

HOUSTON, June 21 (Reuters) – U.S. crude oil refining capacity has reversed two years of declines and climbed by more than 100,000 barrels, to 18.1 million barrels per day (bpd), according to a government report […]

Tajikistan
Exports

Tajikistan And Turkmenistan Spearhead Transcontinental Transport Corridor

June 19, 2023 Clark Savage

Tajikistan and Turkmenistan are collaborating on the creation of a transport corridor that will connect Asia and Europe. The proposed transport corridor is expected to enhance both countries’ strategic significance, providing a vital link for […]

Philadelphia
Fossil

Philadelphia Bridge Collapse Crystalizes Fossil Fuel Debate

June 14, 2023 Clark Savage

The explosion and fire of a tanker truck just north of Center City Philadelphia, leading to the collapse of sections of Interstate 95, one of the most heavily traveled roads in the United States and […]

Exports

Russia’s Gasoline Exports Have Surged By 37% This Year – or have they?

June 10, 2023 Clark Savage

By Charles Kennedy of OIlPrice.com Despite the Western sanctions, Russian oil companies boosted their gasoline exports by 37% between January and May compared to the same period in 2022, Russian daily Kommersant reported on Friday, […]

Gasoline

Arms depot battle rages in Sudan as fuel facility burns

June 7, 2023 Clark Savage

A major blaze engulfed a fuel facility in Sudan’s capital Khartoum as fighting raged between rival military factions for a crucial weapons depot as the battle for the country intensified. Live footage from Arab satellite […]

Electric Vehicles

Cars Still Dominate The American Commute

May 20, 2023 Clark Savage

As part of National Bike Month, celebrated in the U.S. each May to promote cycling as a fun and healthy mode of transportation, today, May 19 was Bike to Work Day. On this day, people […]

Commodities

Europe Is Buying Record Amounts Of Refined Russian Fuels Through India, And Paying A Huge Markup

April 29, 2023 Clark Savage

Last August, we were the first to show how Russia was bypassing Europe’s so-called commodities embargo: it was selling LNG to China which was then re-selling it to Europe at a substantial mark up. And […]

gas
Downstream

Here’s where gas prices are headed (for now) and why

April 27, 2023 Clark Savage

Higher temperatures. Higher gas prices. Drivers across the country have seen that seasonal given play out in recent weeks. The national average for a gallon of regular gas was $3.64 on April 26, up 21 […]

Nearly 2.5 Million Barrels a Day of US Refining Capacity to Shut for Fall Maintenance
Crude Oil News

U.S. oil refiners to post strong Q1 earnings, but demand outlook dims

April 24, 2023 Clark Savage

(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
Gasoline

California lawmakers ‘stand up to Big Oil’ by passing bill that allows fines for price gouging at the pump

April 3, 2023 Clark Savage

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 […]

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