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Phillips 66 Reduces Gasoline Output at Bayway Refinery After Fire, Sources Say

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, Refineries, US News / By

NEW YORK, Aug 14 (Reuters) – Phillips 66 (PSX.N) has reduced gasoline output at its 258,000 barrels-per-day Bayway refinery in Linden, New Jersey, after a fire near the plant’s gasoline producing unit, two people familiar with the matter said on Thursday. An ancillary piece of equipment of the refinery’s fluid catalytic cracking unit caught fire …

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California Imports Saudi Arabian Gasoline for First Time Since 2022

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

(Reuters) – Fuel importers in California have received gasoline from Saudi Arabia’s Jubail Industrial Port after maintenance at the world’s largest refinery in India helped to open the rare arbitrage opportunity, data from oil analytics firm Kpler showed. Three gasoline shipments totaling about 886,000 barrels from Saudi’s Jubail Industrial Port have discharged in recent months …

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US Gasoline Demand in May Hits Lowest Seasonal Level Since 2020, EIA Says

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

(Reuters) – U.S. gasoline demand in May fell to the lowest for that month since the coronavirus pandemic of 2020, data from the Energy Information Administration showed on Thursday, indicating consumers cut back on fuel purchases despite lower prices. Product supplied of finished motor gasoline, the EIA’s proxy for demand, averaged about 9.06 million barrels-per-day …

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US Crude, Gasoline Stockpiles Fall, Distillates Build, EIA Says

Conventional Energy, Energy Storage, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

(Reuters) – U.S. crude oil and gasoline inventories fell last week, buoyed by stronger demand and exports, while distillate stockpiles rose, the U.S. Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 3.2 million barrels to 419 million barrels in the week ended July 18, the EIA said, double analysts’ expectations in a …

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US Crude and Gasoline Inventories Rise on Lower Exports, Demand, EIA Says

Conventional Energy, Energy Storage, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

(Reuters) – U.S. crude oil and gasoline inventories rose unexpectedly last week as both exports and demand fell sharply, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 3.8 million barrels to 419 million barrels in the week ending June 27, the EIA said, compared with analysts’ expectations in a Reuters poll …

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California Should Support Fuel Imports, Find Ways to Retain Refiners, Regulator Says

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NEW YORK, June 27 (Reuters) – California’s energy regulator on Friday issued recommendations to Governor Gavin Newsom to support timely fuel imports and explore ways to retain operations at existing refineries in the state. Newsom had earlier this year asked the California Energy Commission to recommend changes to the state’s energy transition efforts, as it …

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US Gasoline Demand Rose Last Week to Highest Since December 2021, EIA Data Shows

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(Reuters) – U.S. product supplied of gasoline rose to 9.6 million bpd in the week ended June 20, the highest since December 2021, data from the Energy Information Administration showed on Wednesday. Product supplied, EIA’s measure of demand, rose 389,000 barrels per day last week, the biggest week-over-week increase since the end of June, the …

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US Crude, Gasoline and Distillate Inventories Fall Last Week- EIA

Conventional Energy, Energy Storage, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

U.S. crude oil, gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 5.8 million barrels to 415.1 million barrels in the week ending June 20, the EIA said, exceeding analysts’ expectations in a Reuters poll for a 797,000-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery …

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US Driving Season Starts Strongly for Oil Refiners

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At least for now, the allure of cheaper gasoline appears to be outweighing concerns consumers may have about the economy. By Nathan Risser More Americans hit the road last Memorial Day weekend than a year ago. Photographer: David Paul Morris/Bloomberg The driving season in the US officially began Monday with the Memorial Day weekend. The …

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Global Oil Supply to Rise Faster Than Expected After OPEC+ Hike, IEA Says

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By Robert Harvey and Enes Tunagur Hikes 2025 global supply growth forecast by 380,000 bpd Oil demand growth to slow to 650,000 bpd in rest of year Expects lower oil prices to hit US shale oil output growth Revises up 2025 total demand forecast LONDON, May 15 (Reuters) – World oil supply will rise more …

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