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 and after a proliferation of…
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 but are struggling to turn…
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 by Saudi Arabia and Russia…
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 a time of rising gasoline…
By Muyu Xu SINGAPORE (Reuters) – Asian refiners are on the hunt for crude oil to replace Kuwaiti supply as the OPEC producer cuts exports by nearly a fifth to…
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 lows in margins on making…
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, which destroyed much of the…
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 capacity this quarter, according to…
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 operate at between 85% and…
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 and 10 other Republican lawmakers…
By Julia Payne and Ahmad Ghaddar LONDON (Reuters) – European refiners have found themselves oversupplied with crude as an expected shortage owing to the looming EU ban on Russian oil…
By Muyu Xu and Chen Aizhu SINGAPORE (Reuters) – Chinese refiners are slowing down Russian crude purchases in December and paying lower premiums in the face of imminent European Union…
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 said, as COVID-19 restrictions and…
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 from the Strategic Petroleum Reserve…
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 low stocks of diesel and…
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 second half of 2022, even…
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), U.S. fuelmakers said on Thursday.…
By Mohi Narayan, Laura Sanicola and Shadia Nasralla (Reuters) – A sudden crash in global gasoline prices in the past two weeks has dented refiners’ profits, pushing up inventories in…
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 combat record gas prices during…
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, the highest in seven months…
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 refiners there scrambled to replace…
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 three months, although weakening fuel…
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 in refining capacity and crude…
(Reuters) – Major Russian oil refiners have told the Energy Ministry they expect to make deeper cuts to refinery runs in the coming weeks due to overstocking after a sharp…
– Australian refiner Viva Energy said on Tuesday it would stop buying Russian crude oil, joining a growing number of companies to sever trade ties with the country over its…