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U.S.

Top U.S. refiner Marathon Petroleum swings to quarterly loss on lower margins

Marathon Petroleum swung to a loss in the first quarter, the company reported on Tuesday, the latest U.S. refiner hit by lower refining margins during a period marked by elevated maintenance and turnaround activity across the industry.

EIA: Supply issues, compliance costs drive up California (U.S.) fuel prices

Drivers in California pay higher prices at the pump than any other state in the country due to supply issues, costs from environmental compliance and fuel requirements, and high state taxes and fees,

Sunoco to acquire Parkland in $9-B deal as Americas fuel market consolidates

Sunoco will buy Canada-based Parkland in a deal valued at about $9.1 billion, including debt in a move the companies said would create the largest independent fuel distributor in the Americas.

EIA: Oil prices and refinery margins fell slightly in first quarter of 2025

During the first quarter (1Q) of 2025, crude oil prices generally decreased while U.S. refinery margins initially increased before decreasing in the final month of the quarter. In its quarterly update, the U.S. Energy Information Administration (EIA) reviews petroleum markets price developments in 1Q, covering crude oil prices, refinery margins, biofuel compliance credit prices and natural gas plant liquids prices.

Aemetis to benefit from the U.S. EPA’s approval of 15% ethanol blend

Aemetis Inc., a diversified global renewable natural gas and biofuels company, announced today that the U.S. Environmental Protection Agency (EPA) issued a waiver allowing a 15% blend of ethanol (E15) to continue to be sold after May 1st which will benefit the company through increased demand and sales of the renewable fuel nationwide.

EIA: U.S. crude, gasoline stockpiles fall; distillates build last week

U.S. crude oil and gasoline stocks fell, while distillate inventories rose last week, the U.S. Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 2.7 MMbbl to 440.4 MMbbl in the week ended April 25, the EIA said, compared with analysts' expectations for a 429,000-bbl rise.

China waives tariffs on U.S. ethane imports, sources say

China has waived the 125% tariff on ethane imports from the United States imposed earlier this month, two sources with knowledge of the matter said on Tuesday, among a group of products that have been granted exemptions.

EIA: U.S. imports of major transportation fuels decreased in 2024

U.S. imports of petroleum products decreased by 210,000 bpd in 2024 to average 1.8 MMbpd. Imports of all major transportation fuels, such as motor gasoline, diesel and jet fuel, as well as other products, such as unfinished oils, decreased.

Trump administration (U.S.) to allow temporary sales of summertime higher-ethanol fuel

The Trump administration on Monday issued an emergency waiver to allow the sale of a higher-ethanol gasoline blend to be sold this summer nationwide, saying it will add to fuel supply during the peak U.S. driving season and bring down costs.

South Dakota (U.S.) regulators deny Summit Carbon Solutions a CO2 pipeline permit

Regulators in South Dakota have denied Summit Carbon Solutions' permit application to run about 700 mi (1,126 km) of its carbon dioxide (CO2) pipeline through the state, the second time the state has spurned the company hoping to build the world's largest carbon pipeline aiming to combat climate change.