Refineries

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US Refiner Margins Hit New Records as Fuel Shortage Concerns Grow

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

(Reuters) – U.S. refiner margins registered a fresh record high for the third consecutive session on Thursday, as low stockpiles and worsening tensions in the Middle East threaten potential supply shortfalls in the world’s largest fuel consuming nation. U.S. refiners have been the biggest beneficiaries of the Iran war as international buyers have clamored for …

US Refiner Margins Hit New Records as Fuel Shortage Concerns Grow Read More »

Houthi Leader Threatens Saudi Oil Facilities if Riyadh Escalates in Yemen

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(Reuters) – Yemen’s Houthi leader Abdul Malik al-Houthi said on Thursday that all Saudi oil and other vital facilities would be targets for the group’s missiles and drones if Riyadh escalated its involvement in the conflict. The warning came after the Houthis fired missiles at Saudi Arabia, accusing the kingdom of bombing an airport under …

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Oil Refiners’ Hormuz Windfall May Prove Short-Lived: Bousso

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(Reuters) – Oil refiners around the world have seen profits surge thanks to a rare combination of robust fuel demand and weak crude prices, as markets have rapidly readjusted following the reopening of the Strait of Hormuz. The windfall is unlikely to last. The benchmark U.S. 3-2-1 crack spread, a widely watched measure of refining …

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Power Outage Forces Venezuela’s Largest Refinery to Shut Down, Sources say

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A power outage on Sunday forced the shutdown of Venezuela’s largest refinery, the 645,000-barrel-per-day Amuay, workers from that facility said, the second refinery without electricity following two deadly earthquakes in the country. The South American nation has been struggling to provide power to industrial plants, refineries, businesses and citizens following the quakes, which have left …

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US Refining Capacity Fell by 263,000 Barrels Per Day in 2025, Says EIA

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(Reuters) – U.S. refining capacity fell by 263,000 barrels per day (bpd), or 1.43%, in 2025, driven by the planned conversion of a major Houston refinery and a Los Angeles-area plant that shuttered citing market dynamics in California, a state known for strict environmental regulations. Marathon Petroleum, based in Findlay, Ohio, continues as the largest …

US Refining Capacity Fell by 263,000 Barrels Per Day in 2025, Says EIA Read More »

US Diesel Refining Economics Remain Firm Despite Iran War Truce

Diesel Fuel, Energy Topics & Technology, Latest, Refineries, US News / By

(Reuters) – The U.S. diesel futures crack spread, a measure of profitability for refiners, hit a three-week high as analysts said supply tightness for the product is set to persist even after a preliminary deal was reached to end the Iran war. The crack spread, calculated as the difference between the price of U.S. ultra-low …

US Diesel Refining Economics Remain Firm Despite Iran War Truce Read More »

Fire Extinguished at Monroe Energy’s Trainer Refinery in Pennsylvania

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By Nicole Jao and Ashitha Shivaprasad NEW YORK, June 25 (Reuters) – A fire was ​extinguished in a process unit pump room at ‌Monroe Energy’s 190,000-barrel-per-day refinery in Trainer, Pennsylvania, on Thursday, the company said in a statement. The exact cause of the fire is unclear ​at this time, the company said, adding the ​incident …

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Asia Has Plenty of Crude Oil, But Refined Fuels Remain Tight: Russell

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(Reuters) – Asia’s imports of crude oil are on track to return to pre-Iran conflict levels, but flows of refined products are still constrained and fuel prices reflect the supply stresses. The world’s top energy-consuming region is expected to import about 22.18 million barrels per day (bpd) of crude in June, up from 20.35 million …

Asia Has Plenty of Crude Oil, But Refined Fuels Remain Tight: Russell Read More »

Ukraine Brings the War to Moscow as Huge Blasts Shakes Refinery

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The blast was so powerful that the huge disc-shaped lid of an oil storage tank was launched into the sky over Moscow like a frisbee. Evading Russian air defences, Ukrainian drones struck an oil refinery in southeast Moscow on Thursday for the second time in three days, igniting a fierce blaze that spewed out clouds …

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Middle East Oil Refineries Could Ramp Up Output in 40-60 Days From End of Crisis, Vitol Bahrain Says

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(Reuters) – Middle East oil refineries could recover to more normal production levels in 40-60 days from the end of the current oil supply crisis linked to the effective closure of the Strait of Hormuz, Vitol Bahrain’s regional head of research Bader Nooruddin said on Wednesday. That timeline would take production up to around 90-95% …

Middle East Oil Refineries Could Ramp Up Output in 40-60 Days From End of Crisis, Vitol Bahrain Says Read More »

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