Oil Traders Race Against Time to Solve Global Diesel Crunch
(Bloomberg) — The oil market is pulling all the levers it can to ease a global diesel crunch,…
Refinery Closures Present Risk for Higher Gasoline Prices on the West Coast
California is set to lose 17% of its oil refinery capacity over the next 12 months because of…
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…
California energy regulator recommends pause on plan to penalize excess oil profits
SACRAMENTO, Calif. (AP) — California should pause Gov. Gavin Newsom’s plan to penalize oil companies if their profits…
Stonepeak and Energy Equation Partners to Acquire Majority Interest in JET from Phillips 66
LONDON & HOUSTON, May 15, 2025–(BUSINESS WIRE)–Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets,…
Phillips 66 to Build 300 MMcf/d Gas Processing Plant in Permian
4/29/2025 By Mary Holcomb, Digital Editor (P&GJ) — Phillips 66 plans to expand its midstream operations with the…
Zacks Industry Outlook Phillips 66, Marathon, Valero and Galp Energia
Chicago, IL – March 6, 2025 – Today, Zacks Equity Research Equity arePhillips 66 PSX, Marathon Petroleum MPC,…
Venezuelan Crude Oil: A Reliable Source for U.S. Refineries – News and Statistics
Feb 27, 2025 U.S. imports of crude oil from Venezuela have emerged as a consistent supply source, averaging…
Factbox-US imports of Canadian and Mexican crude oil by company
NEW YORK (Reuters) – Many U.S. oil refiners rely heavily on imported crude because their facilities are configured…