A massive fire erupted on Wednesday evening at an oil refinery operated by Petroleos Mexicanos (Pemex) in the city of Minatitlan in the eastern Mexican state of Veracruz, reported Reuters Continue Reading
General Motors Co and Ford Motor Co both said on Thursday they will cut more vehicle production due to a semiconductor chip shortage that has roiled the global automotive industry. Continue Reading
Californian drivers are edging closer to paying $4 for a gallon of gasoline with the state open for business again and Governor Gavin Newsom planning for a summer with almost Continue Reading
The number of Americans applying for unemployment benefits rose last week to 744,000, signaling that many employers are still cutting jobs even as more people are vaccinated against COVID-19, consumers Continue Reading
Maintenance at a Cheniere Energy facility was set to drag natural gas deliveries to U.S. liquefied natural gas (LNG) export facilities on Thursday to the lowest level since the end Continue Reading
The Atlantic hurricane season is poised to be another wild one, with forecasters predicting an above-average 17 named storms sweeping out of the basin. (Bloomberg) — The Atlantic hurricane season Continue Reading
When former U.S. President Donald Trump ascended into the Oval Office in January 2017, he kicked off his presidency by investigating unfair trade practices in China as part of his Continue Reading
China’s ambitions to develop a massive rare-earth mine have run into a maelstrom of local politics in a part of the world the U.S. considers vital to its national security interests. The Continue Reading
The bulk of gasoline imports head to USAC Texas refiners returning from February outages RBOB crack spread weakens on stock build US gasoline inventories climbed 4.04 million barrels to 234.59 Continue Reading
U.S. crude oil refinery inputs averaged 15.0 million barrels per day during the week ending April 2, 2021 which was 103,000 barrels per day more than the previous week’s average. Continue Reading
