Gas and diesel prices likely to stay elevated as oil refining margins hit a record high
Though crude oil (BZ=F, CL=F) prices have ticked up as military activity between the US and Iran reignited,…
Marathon Petroleum Returned $4.5 Billion to Shareholders in 2025. Here’s Why It Could Happen Again.
Marathon Petroleum (NYSE: MPC), the largest independent U.S. refiner, is up 21% this year after fourth-quarter adjusted earnings…
Why Russia’s Diesel Exports Are Suddenly Soaring
Russian diesel has moved from being the main bullish factor in global middle-distillate markets in 2025 to an…
Record Discounts Accelerate Chinese Teapot Purchases of Russia’s ESPO Crude
China’s independent refiners are accelerating purchases of Russia’s Far Eastern ESPO crude blend as Chinese refiners were issued…
Refiners Defy Oil Price Slump With Strong Q1 Profits on Solid Margins
Despite slumping oil prices, global refiners are turning in strong first-quarter earnings, thanks to a sharp rebound in…
Trio Petroleum Deal Marks Entry into Canada’s Heavy Oil Region
California’s Trio Petroleum Corp. is purchasing petroleum and gas assets in the Lloydminster, Saskatchewan heavy oil region in…
What’s Affecting Oil Prices This Week? (Feb. 3, 2025)
The price of Brent crude ended the week at $76. 48 after closing the previous week at $77.46.…