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refiners

Weaker fuel prices, outages to hit US refiners’ fourth quarter profits

January 24, 2024 by Reuters
Weaker fuel prices, outages to hit us refiners' fourth quarter profits - photo licensed by shore news network.

By Laura Sanicola (Reuters) – U.S. oil refiners are expected to report another quarter of lower earnings versus year-ago levels due to weaker fuel prices … Read more

Categories In the News

US oil refiners crank out diesel, further squeezing margins for gasoline

October 19, 2023October 19, 2023 by Reuters
Us oil refiners crank out diesel, further squeezing margins for gasoline - photo licensed by shore news network.

By Laura Sanicola and Stephanie Kelly WASHINGTON (Reuters) – U.S. oil refiners have cranked up output of diesel, heating oil and jet fuel for winter … Read more

Categories In the News

China’s ‘teapot’ refiners mop up swelling Iranian crude, defying U.S. curbs

September 14, 2023 by Reuters
China's 'teapot' refiners mop up swelling iranian crude, defying u. S. Curbs - photo licensed by shore news network.

By Muyu Xu SINGAPORE (Reuters) – Appetite for Iranian crude is growing in China, the world’s biggest oil importer, after the extension of supply cuts … Read more

Categories Business News

US contacts oil producers, refiners as gasoline prices rise

September 13, 2023September 13, 2023 by Reuters
Us contacts oil producers, refiners as gasoline prices rise - photo licensed by shore news network.

By Jeff Mason and Jarrett Renshaw WASHINGTON (Reuters) -The U.S. Energy Department has talked to oil producers and refiners to ensure stable fuel supplies at … Read more

Categories Breaking News, US and World News

Analysis-Asia’s refiners face profit crunch as Kuwait cuts crude exports

August 18, 2023August 18, 2023 by Reuters
Analysis-asia's refiners face profit crunch as kuwait cuts crude exports - photo licensed by shore news network.

By Muyu Xu SINGAPORE (Reuters) – Asian refiners are on the hunt for crude oil to replace Kuwaiti supply as the OPEC producer cuts exports … Read more

Categories Business News

Refiners make hay as global profit margins rebound

August 10, 2023August 10, 2023 by Reuters
Refiners make hay as global profit margins rebound - photo licensed by shore news network.

By Mohi Narayan, Laura Sanicola and Ahmad Ghaddar NEW DELHI/WASHINGTON/LONDON (Reuters) – Global refiners are raking in hefty gains, fuelled by a rebound from second-quarter … Read more

Categories Business News

Analysis-End of Nigerian fuel subsidy set to squeeze Europe’s refiners

July 28, 2023July 28, 2023 by Reuters
Analysis-end of nigerian fuel subsidy set to squeeze europe's refiners - photo licensed by shore news network.

By Shadia Nasralla LONDON (Reuters) – One of Europe’s main markets for gasoline has shrunk, threatening to squeeze European refiners, after Nigeria removed fuel subsidies, … Read more

Categories Business News

U.S. refiners build new oil processing as travel rises

May 16, 2023 by Reuters
U. S. Refiners build new oil processing as travel rises - photo licensed by shore news network.

By Erwin Seba HOUSTON (Reuters) – U.S. oil refiners aim to run at up to 94% of a total 17.9 million barrels per day processing … Read more

Categories Business News

U.S. refiners throttle back Q1 output after record 2022 runs

February 2, 2023 by Reuters
U. S. Refiners throttle back q1 output after record 2022 runs - photo licensed by shore news network.

By Erwin Seba HOUSTON (Reuters) – U.S. oil refiners are dialing back operating runs this quarter after sky-high utilization rates last year, and aim to … Read more

Categories Business News

EXCLUSIVE: House Republicans Urge EPA To End ‘Completely Arbitrary’ Regulations On Small Fuel Refiners

December 17, 2022December 16, 2022 by The Daily Caller
Exclusive: house republicans urge epa to end ‘completely arbitrary’ regulations on small fuel refiners - photo licensed by shore news network.

EXCLUSIVE: House Republicans Urge EPA To End ‘Completely Arbitrary’ Regulations On Small Fuel Refiners Jack McEvoy on December 15, 2022 Republican Texas Rep. Chip Roy … Read more

Categories Conservative Times, Opinion - Editorial, Politics, Top Headlines, Trending News, US and World News

European refiners oversupplied as oil shortage fears subside

November 18, 2022 by Reuters
European refiners oversupplied as oil shortage fears subside - photo licensed by shore news network.

By Julia Payne and Ahmad Ghaddar LONDON (Reuters) – European refiners have found themselves oversupplied with crude as an expected shortage owing to the looming … Read more

Categories Business News

China refiners slow down Russian oil purchases as sanctions near – trade

November 14, 2022 by Reuters
China refiners slow down russian oil purchases as sanctions near - trade - photo licensed by shore news network.

By Muyu Xu and Chen Aizhu SINGAPORE (Reuters) – Chinese refiners are slowing down Russian crude purchases in December and paying lower premiums in the … Read more

Categories Business News

Chinese refiners seek less Saudi crude as demand weak

November 11, 2022November 11, 2022 by Reuters
Chinese refiners seek less saudi crude as demand weak - photo licensed by shore news network.

By Muyu Xu SINGAPORE (Reuters) – Several Chinese refiners have asked Saudi Aramco to reduce December-loading crude oil volumes, two sources close to the matter … Read more

Categories Business News

U.S. refiners eye Canadian oil once strategic reserve turns off taps

September 20, 2022 by Reuters
U. S. Refiners eye canadian oil once strategic reserve turns off taps - photo licensed by shore news network.

By Stephanie Kelly and Nia Williams NEW YORK (Reuters) – U.S. refiners are expected to buy more Canadian oil after the Biden administration ends releases … Read more

Categories US and World News

U.S. gasoline prices to keep falling as refiners keep making other products

September 8, 2022 by Reuters
U. S. Gasoline prices to keep falling as refiners keep making other products - photo licensed by shore news network.

By Laura Sanicola (Reuters) – Wholesale gasoline prices are expected to keep falling in coming months as U.S. refiners overproduce fuel to try to rebuild … Read more

Categories Financial News

U.S. oil refiners, pipeline companies expect strong demand for rest of 2022

August 9, 2022 by Reuters
U. S. Oil refiners, pipeline companies expect strong demand for rest of 2022 - photo licensed by shore news network.

By Stephanie Kelly, Laila Kearney and Laura Sanicola NEW YORK – U.S. oil refiners and pipeline operators expect energy consumption to be strong for the … Read more

Categories Financial News

U.S. fuel demand remains strong, despite recent data – refiners

July 28, 2022 by Reuters
U. S. Fuel demand remains strong, despite recent data - refiners - photo licensed by shore news network.

By Laura Sanicola (Reuters) – Demand for transportation fuels remains strong despite mixed signals from inventory data collected by the U.S. Energy Information Administration (EIA), … Read more

Categories Financial News

Global gasoline cracks collapse, blow to refiners’ profits

July 25, 2022 by Reuters
Global gasoline cracks collapse, blow to refiners' profits - photo licensed by shore news network.

By Mohi Narayan, Laura Sanicola and Shadia Nasralla (Reuters) – A sudden crash in global gasoline prices in the past two weeks has dented refiners’ … Read more

Categories Financial News

U.S. refiners to urge White House not to ban fuel exports -sources

June 22, 2022 by Reuters
U. S. Refiners to urge white house not to ban fuel exports -sources - photo licensed by shore news network.

By Jarrett Renshaw and Laura Sanicola (Reuters) – U.S. refiners will try to convince the Biden administration not to ban exports of U.S. fuel to … Read more

Categories Financial News

U.S imports of Latam oil soar as refiners replace Russian barrels

May 19, 2022 by Reuters
U. S imports of latam oil soar as refiners replace russian barrels - photo licensed by shore news network.

By Arathy Somasekhar HOUSTON – U.S. refiners imported about 1.3 million barrels per day (bpd) of crude and fuel oil from Latin America in April, … Read more

Categories Financial News

Europe refiners benefit from U.S. emergency oil stock releases

May 12, 2022 by Reuters
Europe refiners benefit from u. S. Emergency oil stock releases - photo licensed by shore news network.

By Arathy Somasekhar and Stephanie Kelly HOUSTON – At least three vessels carrying crude oil from U.S. emergency stockpiles sailed for Europe in April as … Read more

Categories Financial News

China oil imports rebound in April, but weak fuel demand weighs on refiners

May 9, 2022 by Reuters
China oil imports rebound in april, but weak fuel demand weighs on refiners - photo licensed by shore news network.

By Chen Aizhu SINGAPORE – China’s crude oil imports grew nearly 7% in April from the same month a year earlier, its first rise in … Read more

Categories Financial News

U.S. refiners set for strong start to 2022 as fuel prices surge worldwide

April 25, 2022 by Reuters
U. S. Refiners set for strong start to 2022 as fuel prices surge worldwide - photo licensed by shore news network.

By Laura Sanicola (Reuters) – U.S. oil refiners expect strong first-quarter earnings as margins to sell gasoline and diesel strengthened due to a steep dropoff … Read more

Categories Financial News

Russian oil refiners signal deeper cuts to refinery runs amid overstocking

March 31, 2022 by Reuters
Russian oil refiners signal deeper cuts to refinery runs amid overstocking - photo licensed by shore news network.

(Reuters) – Major Russian oil refiners have told the Energy Ministry they expect to make deeper cuts to refinery runs in the coming weeks due … Read more

Categories Financial News

Australian refiners cease purchase of Russian crude oil, voice support for Ukraine

March 7, 2022 by Reuters
Australian refiners cease purchase of russian crude oil, voice support for ukraine - photo licensed by shore news network.

– Australian refiner Viva Energy said on Tuesday it would stop buying Russian crude oil, joining a growing number of companies to sever trade ties … Read more

Categories Financial News

Oil refiners offer union workers 9% pay raise over three years -sources

February 1, 2022February 1, 2022 by Reuters
Oil refiners offer union workers 9% pay raise over three years -sources - photo licensed by shore news network.

HOUSTON – U.S. oil refiners have offered union oil and chemical workers a 9% pay raise over three years, according to people familiar with the … Read more

Categories Business News
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