U.S.
U.S. crude stocks and distillate inventories rise, gasoline inventories fall
U.S. crude stocks and distillate inventories rose while gasoline inventories fell in the week ending July 25, the Energy Information Administration (EIA) said.
AFPM challenges Trump biofuel, tariff policies in letter
A leading U.S. refining trade group has criticized the Trump administration's biofuel policies in a letter to top Republican lawmakers, representing the oil industry's biggest rift with the president since his return to the White House in January.
EU Russia sanctions add fuel to red-hot global diesel market
New European Union sanctions targeting Russia's oil industry will reshuffle global diesel flows for the second time since 2022, adding pressure to an already red-hot market.
U.S. Gulf refiners seek Middle East, S. American oil to offset Venezuela, Mexico losses
The shake-up in trade flows reflects a shortage of medium and heavy crude grades at the key Gulf Coast refining hub, which has struggled in recent months to secure adequate supplies amid Mexican production and quality challenges, and Washington's pressure strategy on Venezuela's sanctioned energy industry.
Dow forecasts sales below estimates, slashes dividend as downturn takes a toll
Dow halved its dividend and forecast third-quarter revenue below analysts' expectations as the chemicals maker navigates a prolonged downturn in the industry, sending its shares down nearly 10% in premarket trading.
In rare move, California (U.S.) steps in to find buyer for Valero refinery to avoid closure
California government officials are trying to find a buyer for Valero Energy's Benicia refinery near San Francisco, an unusual effort as the clock ticks down on the company's planned closure of the facility in April.
Update: Cancelled and postponed green hydrogen projects
Developers of green hydrogen have scaled back investments and scrapped projects globally as elevated production costs and weak demand for the low-carbon fuel have made many ventures unviable.
Marathon refinery in Texas (U.S.) restarts diesel, gasoline units
Marathon has restarted a diesel-producing unit and the gasoline-producing unit at its 631,000-bpd Galveston Bay Refinery in Texas City, Texas (U.S.).
High imports, soft summer demand weigh on U.S. gasoline
Gasoline prices have been in a lull in recent months, a boon for Americans traveling this summer. Consumers endured record prices at the pumps after Russia's 2022 invasion of Ukraine upended energy markets.
What's in the EU's 18th sanctions package against Russia?
Here are the details of the European Union's 18th sanctions package against Russia over its war in Ukraine, approved on Friday and aimed at dealing further blows to Russia's oil and energy industry.
- Digital Exclusive: Root cause analysis on hydrochloric acid corrosion in a diesel hydrotreater unit 12/16
- Digital Feature: Enabling growth through strategic cost optimization for petrochemical and refining companies 12/16
- Rohm awards NextChem feasibility study for PMMA-polymer chemical recycling plant project 12/16
- Westlake to rationalize certain North American chlorovinyl and styrene assets 12/16
- CMB.TECH invests in Chinese ammonia supply 12/16
- Petrovietnam, BASF cooperate in developing green methanol, pioneering the energy transition 12/16
