U.S.

Valero to keep importing gasoline after Benicia (U.S.) refinery closure

The San Antonio, Texas-based refiner said last year it would shut the 145,000-bpd San Francisco-area refinery by April 2026 amid concerns about California's declining fuel supplies and high gasoline prices.

Chinese refiners expected to replace Venezuelan oil with Iranian crude

Caracas and Washington agreed to export up to $2 B worth of Venezuelan crude to the United States, President Donald Trump said on Tuesday, after U.S. forces captured Venezuelan President Nicolas Maduro over the weekend.

Samsung E&A breaks ground on 500,000-tpy ammonia facility in the U.S.

Hungary's Orban says U.S. intervention in Venezuela good for energy markets

U.S. President Donald Trump, Orban's ally, who has exempted Hungary from U.S. sanctions on Russian energy for the 2026 Hungarian election year, has made clear that he wants to share in Venezuela's oil riches.

Opinion: U.S. oil refiners win, Chinese rivals lose in Trump’s Venezuela strike

Speaking on Saturday after announcing Maduro’s arrest on Truth Social, Trump said he would maintain the U.S. embargo on exports of sanctioned Venezuelan crude oil for now, but also stated that the U.S. would run Venezuela "for a period of time," suggesting U.S. restrictions could be lifted very soon.

Beaumont New Ammonia reaches key milestone with ammonia production

OCI Global has announced that the Beaumont New Ammonia (BNA) facility in Beaumont, Texas has started production of ammonia.

Trump administration (U.S.) sets meetings with oil companies over Venezuela

The administration of President Donald Trump is planning to meet with executives from U.S. oil companies later this week to discuss boosting Venezuelan oil production after U.S. forces ousted its leader Nicolas Maduro, according to a source familiar with the matter.

Residual fuel fills Venezuela's storage tanks as exports cut to minimum

Most ships bound for Venezuelan ports for December and early January cargo deliveries have made U-turns, as the blockade spooks even vessels not under sanctions.

EIA: U.S. crude, fuel inventories rose in the week ended December 19

Monday's data release was delayed over six hours and released after the oil market had closed.

Five energy market trends to track in 2026, the year of the glut

This past year was a wild one for the oil and gas industry, punctuated by the 12-day Israel-Iran war in June, U.S. President Donald Trump's trade wars, the intensified targeting of energy infrastructure in Russia in its war against Ukraine, OPEC’s often perplexing production decisions and the recently threatened U.S. blockade of Venezuela.