U.S. refiners are enjoying their strongest diesel margins in months as surprisingly robust overseas demand, combined with lower domestic production has triggered an unusually large drawdown in inventories for this Continue Reading
A fisherman rows his dinghy past oil refineries near port terminals in Singapore November 5, 2013. Asia’s refined product markets are being swamped by a wave of gasoline as a Continue Reading
Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Continue Reading
Gasoline prices are displayed at a Phillips 66 station in Moscow Mills, Missouri January 17, 2015. U.S. independent oil refiners, such as Marathon Petroleum and Phillips 66, are shelving projects Continue Reading
U.S. refiners, which posted robust profits the last 18 months even as other parts of the oil business were racked by low crude prices, finally saw their roll come to Continue Reading
An enormous fire erupted an ExxonMobil refinery in Texas on Thursday. The Baytown refinery caught fire, leading to huge black plumes of smoke into the air, visible from downtown Houston. Continue Reading
Oil refineries are shifting into high gear to produce as much gasoline as possible for the world’s fuel-hungry drivers – kicking the problem of a worsening diesel glut further down Continue Reading
From Alaska to Oklahoma, oil-producing states are scrambling to plug holes blown in their budgets by tumbling crude prices. U.S. refiners who are delaying compliance with new cleaner gasoline production Continue Reading
Strong growth in consumption of gasoline while demand for other fuels remains more subdued is creating a headache for oil refiners in the United States and around the rest of Continue Reading
Meridian Energy Group expects to use a fee-based business model at a 55,000 b/d refinery it plans to build in North Dakota, CEO William Prentice said Wednesday. The start-up company Continue Reading
