Oil Rises as Possible Rate Cut Outweighs Bearish Supply Outlook
Oil refineries in Mumbai. Photographer: Abeer Khan/Bloomberg (Bloomberg) — Oil rose after Federal Reserve Chair Jerome Powell signaled…
Why oil refinery outlooks vary a lot on region
The U.S. is a global leader in refining — and that’s expected to remain true even as demand…
Halting Russian crude could cost India billions, warn Analysts
An SBI Research report from August 8 said if India stopped oil imports from Russia during the rest…
Gas prices could hit $8/gallon as two refineries shut down
Two large California oil refineries are shutting down, triggering mounting concerns from state legislators, industry groups and many…
Citgo Petroleum Auction Bid Deadline Extended to June 18 – News and Statistics
May 31, 2025 The deadline for submitting improved bids in the court-organized auction of shares in the parent…
Family business in Texas indicted in Mexican drug cartel oil scheme
Prosecutors say a family operating an oil terminal in Texas received 2,881 shipments of smuggled oil connected to…
Gas prices drop as hurricane season looms, AAA warns of potential spikes
LAS VEGAS (KSNV) — With crude oil prices hovering in the low $60s per barrel, drivers are enjoying…
Why are all the oil refineries leaving California, and is it time to do something about it
Another oil refinery will soon be closing in California. That’s in addition to a refinery already scheduled to…
Crews contain crude oil spill in St. Clair River
(2/2) Suncor facility deployed boom and contained most of the product. AIRSTA Detroit helicopter conducted 2 overflights with…
Ukraine launches second major drone attack against Russian oil refineries in a week
Ukrainian servicemen operate a reconnaissance drone in the area of Pokrovsk, Ukraine (Anadolu via Getty Images) Ukraine has…
Exxon posts mixed Q4 results with higher oil production, weak refining profit
By Sheila Dang HOUSTON (Reuters) -Exxon Mobil on Friday posted mixed fourth-quarter results that showed weakness in its…
Trump Is About to Wreck U.S. Oil Refineries
Since his re-election, President Trump has repeatedly threatened to impose big tariffs on imports from Canada and Mexico.…