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May 22 (Reuters) – Ukrainian forces have attacked a Russian oil refinery in Yaroslavl, some 700 km (435 miles) from the Ukrainian border, President Volodymyr Zelenskiy said on Friday, the latest in a series of strikes by Kyiv on oil facilities in Russia. “In particular, overnight, the Defense Forces of Ukraine operated against targets associated …
Ukraine Attacked Russian Oil Refinery in Yaroslavl, Zelenskiy Says Read More »
(Reuters) – Japanese oil refiners will be able to secure sufficient substitute crude and petroleum products to replace Middle Eastern supplies through the summer, the head of an industry association said on Wednesday. Shunichi Kito, president of the Petroleum Association of Japan, said that U.S. crude is becoming the main substitute while efforts continue to …
BP and union leaders resumed labor contract negotiations for workers at the Whiting, Indiana, oil refinery on Monday with no agreement yet, as a lockout entered its third month this week. Some 800 workers at the 440,000-barrel-per-day refinery, the largest in the U.S. Midwest, have been locked out since March 19 after months of negotiations …
BP Fails to Reach Deal with Union as Indiana Refinery Lockout Drags On Read More »
(Reuters) – President Donald Trump said on Friday he discussed Chinese oil companies that have been sanctioned for buying Iranian oil and will make a decision about whether to lift bans in the next few days. The U.S. recently imposed sanctions on several Chinese oil refiners for buying Iranian oil, including Hengli Petrochemical, one of …
Trump Discussed Sanctioned Chinese Oil Refiners With Xi, Considering Lifting Bans Read More »
(Reuters) – Saudi state oil giant Aramco could reach a maximum sustainable oil production capacity of 12 million barrels per day in three weeks if required, CEO Amin Nasser said on Monday. He said that the energy supply shock that began in the first-quarter was the largest the world has ever experienced, and that if …
WASHINGTON, May 4 (Reuters) – The United States has extended a license that protects Venezuela-owned refiner Citgo Petroleum from creditors through June 19, according to a statement on the U.S. Treasury Department’s website on Monday. The general license, issued by the Office of Foreign Assets Control, is meant to encourage investment and boost oil output …
US Extends Protection of Venezuela-Owned Citgo From Creditors Read More »
April 30 (Reuters) – U.S. refiner Valero Energy (VLO.N) surpassed Wall Street expectations for first-quarter adjusted profit on Thursday, helped by strength in its refining segment, margins and throughput volumes. Diesel and jet fuel margins climbed sharply in the first quarter after U.S.-Israeli attacks on Iran disrupted Middle Eastern supply, pushing finished fuel prices up …
Valero Energy Beats Profit Estimates on Strong Refining Performance Read More »
(Reuters) – Phillips 66 posted a surprise first-quarter profit on Wednesday, as higher refining margins helped it offset steep losses tied to volatile commodity prices. U.S. Gulf Coast refiners are reaping their strongest margins in years, as disruptions to Middle Eastern oil flows due to the Iran war have driven up demand for U.S. fuel exports. U.S. refiners, …
Phillips 66 Posts Surprise Profit on Higher Refining Margins Read More »
The Valero Refinery in Wilmington is shown from Signal Hill, California, U.S., January 14, 2026. REUTERS/Mike Blake/File Photo Purchase Licensing Rights, opens new tab Summary Diesel, jet fuel margins surged after Strait of Hormuz closure disrupted supply Phillips 66, Valero, and Marathon Petroleum expected to post higher quarterly profits Analysts expect strong fuel margins to boost refiner …
US Refiners’ First-Quarter Profits Expected to Jump as War Lifts Fuel Margins Read More »
By Timothy Gardner US targets Hengli Petrochemical and 40 firms, vessels for helping Iran sell oil Sanctions aim to restrict Iran’s oil exports Experts say targeting Chinese banks would have greater effect US has warned two Chinese banks it is willing to impose secondary sanctions WASHINGTON, April 24 (Reuters) – The Trump administration said on …
US Imposes Sanctions on Chinese Teapot Refinery for Buying Iranian Oil Read More »
