| 单词 | refiner |
| 例句 | Sugar refiners drain out the dark molasses to use by itself and are left with relatively white sugar. Sugar Changed the World: A Story of Magic, Spice, Slavery, Freedom, and Science 2010-11-15T00:00:00Z Her 19-part series starting in 1902 revealed Standard’s secret contracts, kickback schemes, Rockefeller’s “unholy alliance” between oil refiners and producers, and the extent of its monopoly. Guts, greed and gushers 2016-05-26T04:00:00Z Once painstakingly produced by hand, patents for emulsification methods, grinders and refiners, molds and forms, and assembly operations turned chocolate into its own industry by the end of the nineteenth century. The Victorian origins of the heart-shaped chocolate box 2023-02-14T05:00:00Z She begins with her subjects’ early lives in Bristol, where their father, a sugar refiner, introduced his young children to antislavery politics. Two Sisters Who Changed the Medical Profession 2021-01-20T05:00:00Z He plans hearings on new limits on greenhouse-gas emissions by power plants and refiners, and new ozone standards. Jim Inhofe is a small-plane-flying, global-warming-denying senator. And now he’s got a gavel. 2015-01-07T05:00:00Z The farm is owned by Art and Helen Tanderup, who are campaigning against selling their land to TransCanada Corp to lay a pipeline that would carry crude oil from northern Alberta to refiners in Texas. Nelson, Young headline Nebraska concert against Keystone pipeline 2014-08-18T04:00:00Z As Mr Abraham follows their extraction, he finds geologists, refiners, traders, smugglers and boffins whose stories add to the intrigue of this shadowy trade. Unobtainiums 2016-01-14T05:00:00Z But to experience the full, formidable range of “Messiah,” from the furious flames of the “refiner’s fire” to the delirious party of the finale, next year let Trinity be your guide. Music Review: ‘Messiah’ at St. Thomas and Alice Tully Hall 2012-12-17T05:15:05Z Chinese refiners asked for less supply for December from Saudi Arabia, the world's largest exporter. Oil steady on caution over demand outlook and Fed rates 2023-11-13T05:00:00Z Weak economic data last week from China, the world's biggest crude oil importer, increased fears of faltering demand, with refiners asking for less supply from Saudi Arabia, the world's largest exporter, for December. Oil wavers on weak demand outlook in US and China, Fed hedging 2023-11-13T05:00:00Z Additionally, refiners in China asked for less supply from Saudi Arabia, the world's largest exporter, for December. Oil prices ease on worries of waning demand in US and China 2023-11-13T05:00:00Z Additionally, refiners in China, the largest buyer of crude from Saudi Arabia, the world's largest exporter, asked for less supply for December. Oil prices up 2% but headed for third weekly decline 2023-11-10T05:00:00Z The sanctions initially led to a sharp drop in flows to China, but volumes have rebounded as more independent refiners joined the purchases. Explainer: Iran's expanding oil trade with top buyer China 2023-11-10T05:00:00Z Additionally, refiners in China, the largest buyer of crude oil from the world's largest exporter Saudi Arabia, asked for less supply from Saudi Arabia for December. Oil set for third weekly decline as Middle East conflict concerns ebb 2023-11-10T05:00:00Z Expectations of crude run reductions by China-based refiners between November and December could also limit oil demand and exacerbate price declines. Oil prices at 2-1/2 month lows as China data offset supply cuts 2023-11-07T05:00:00Z Expectations of crude run reductions by China-based refiners between November and December may limit oil demand and exacerbate price declines. Oil falls 1% as mixed China trade data offset supply cuts 2023-11-07T05:00:00Z Meanwhile, U.S. crude oil refiners this quarter will pull back from red-hot summer run rates as weak gasoline margins and plant overhauls cool operating goals, according to company statements and oil analysts. Oil rises as Saudi Arabia and Russia stick to supply cuts 2023-11-06T05:00:00Z Most of the more than 40 independent Chinese refiners, known as teapots, process Iranian oil, according to Chinese traders. Explainer: Iran's expanding oil trade with top buyer China 2023-11-10T05:00:00Z However, margins at U.S. refiners took a hit after crude prices eased from last year's Russia-Ukraine conflict. HF Sinclair tops Q3 profit estimates on steady refined product demand 2023-11-02T04:00:00Z The refiner and biofuels producer said it would merge its Renewable Aviation, Renewable Road Transportation and Renewable Polymers and Chemicals divisions into one, and streamline its development portfolio. Finland's Neste to cut 400 jobs in cost cutting drive 2023-11-01T04:00:00Z Oil prices, which have eased from last year's highs that were driven by the Russia-Ukraine conflict, squeezed margins for U.S. refiners in the reported quarter. Marathon Petroleum's quarterly profit tops estimates on strong fuel demand 2023-10-31T04:00:00Z They also said that some refiners were affected by planned maintenance operations that reduced capacity. Drivers in Argentina wait in long lines to fill up the tanks as presidential election looms 2023-10-30T04:00:00Z A license protecting the refiner last week was extended by the Treasury until January as a way to encourage payment negotiation between boards supervising Citgo and some creditors, which could limit the auction's scope. Delaware court will not seek to set minimum price in Citgo auction 2023-10-23T04:00:00Z Graphex aims to be a refiner in the West, not a miner. Analysis: China's graphite curbs will accelerate plans around alternatives 2023-10-23T04:00:00Z The silver lining for oil refiners is a steep drop in prices of credits they need to purchase if they do not produce enough biofuels, in order to comply with U.S. environmental law. US oil refiners crank out diesel, further squeezing margins for gasoline 2023-10-19T04:00:00Z The crack spread , a key gauge of refiner profits that measures the difference between crude oil prices and selling prices of finished products, fell about 35% in the third quarter. Marathon Petroleum's quarterly profit tops estimates on strong fuel demand 2023-10-31T04:00:00Z But the statement by the country’s main oil refiners, led by state-controlled YPF, also said that the country’s “infrastructure for the production and supply of fuels is robust.” Drivers in Argentina wait in long lines to fill up the tanks as presidential election looms 2023-10-30T04:00:00Z With state refiners Sinopec and PetroChina refraining entirely from buying Iranian and Venezuelan crude, teapots have feasted on discounted oil from the two suppliers. Analysis: China saves billions of dollars from record sanctioned oil imports 2023-10-11T04:00:00Z As demand for materials needed for batteries, solar panels and other components vital for cutting global emissions rises, carbon emissions by miners and refiners will likewise rise unless companies actively work to decarbonize. Facing increasing pressure from customers, some miners are switching to renewable energy 2023-10-01T04:00:00Z The shortfall will mean that Russia's fuel buyers will have to shop elsewhere, prompting refiners to process more of a dwindling crude supply to meet that demand, said Tamas Varga of oil broker PVM. Oil rebounds to climb $1 as Russia bans most fuel exports 2023-09-21T04:00:00Z The stock draw was mainly driven by strong oil exports, while gasoline and diesel inventories were drawn down as refiners began annual autumn maintenance, the EIA said in a weekly report. Oil falls as rate hike expectations offset US stock draw 2023-09-21T04:00:00Z That crude stock draw was driven by strong oil exports, while gasoline and diesel inventories drew down as refiners began annual autumn maintenance, the U.S. Oil prices ease 1% after US Fed leaves interest rates unchanged 2023-09-20T04:00:00Z West Coast and Asia refiners, where demand for heavy sour crude is expected to climb in the longer-term. Canada's Trans Mountain pipe expansion to disrupt oil flow to US, boost prices 2023-09-19T04:00:00Z Energy Department has talked to oil producers and refiners to ensure stable fuel supplies, a top Biden economic adviser said on Wednesday. Biden vows to cut US gasoline prices 2023-09-14T04:00:00Z Fuel inventories also rose more than expected as refiners stepped up activity. Oil prices tick up as markets zoom in on supply tightness 2023-09-14T04:00:00Z Energy Department has talked to oil producers and refiners to ensure stable fuel supplies at a time of rising gasoline prices, Jared Bernstein, head of the White House Council of Economic Advisers, said on Wednesday. Oil dips as surprise US crude stockbuild faces supply cuts 2023-09-13T04:00:00Z Saint Louis Sucre closed two factories in 2019 as part of a wider restructuring plan at Suedzucker, Europe’s largest sugar refiner. Exclusive: Suedzucker unit drops plan to lift French sugar output, citing Ukraine imports 2023-09-11T04:00:00Z The start-up of TMX could add a "buck or two" to the cost of a barrel for Midwest refiners, he estimates. Canada's Trans Mountain pipe expansion to disrupt oil flow to US, boost prices 2023-09-19T04:00:00Z Meanwhile, Europe is expecting a light refinery maintenance season this autumn as refiners look to profit from high margins, which could support crude demand. Oil prices steady around 10-month highs 2023-09-11T04:00:00Z But China's crude imports surged 30.9% last month as refiners built inventories and increased processing to benefit from higher profits from exporting fuel. Oil prices ease on demand concerns, still headed for weekly gain 2023-09-08T04:00:00Z The program, which was designed to make it costlier to pollute, has been linked to an increase in prices at the gas pump as refiners, suppliers and other businesses may pass along their compliance costs. WA’s carbon-pricing auctions collect nearly $1.5 billion as allowances reach record price 2023-09-06T04:00:00Z Chinese refiners overall benefited from cheap crude oil supplies from Iran, Venezuela and Russia, as Western sanctions forced those producers to sell oil at deep discounts to keep revenue flowing. China's Sinopec's interim profit down 20.1% on lower oil prices 2023-08-27T04:00:00Z Gulf to be used by refiners there, Smith added, and the region could also see an uptick in Latin American crude being displaced from the U.S. Canada's Trans Mountain pipe expansion to disrupt oil flow to US, boost prices 2023-09-19T04:00:00Z While refiners continue to run at a high rate and snap up oil inventories, fuel demand hasn't been very strong due to tough economic conditions, Kilduff added. Oil down 1% as weak US gasoline demand offsets big draw in crude stocks 2023-08-23T04:00:00Z Chinese refiners also ramped up refined products exports in July, drawn by strong export margins. Oil rises on lower OPEC+ exports in August 2023-08-21T04:00:00Z Meanwhile, Chinese refiners ramped up refined products exports in July, drawn by strong export margins. Oil prices flat as rates anxiety, China gloom offset tighter supply 2023-08-21T04:00:00Z Chinese refiners, which have invested heavily in new plants designed to process sour oil, are especially exposed. Analysis: Asia's refiners face profit crunch as Kuwait cuts crude exports 2023-08-18T04:00:00Z Venezuela is making a last ditch attempt to limit the number of companies that could participate in a court-ordered auction of shares in a parent of oil refiner Citgo Petroleum, appealing to the U.S. Limited-edition 2025 Mustang GTD: 800+ horsepower and a $300,000 sticker 2023-08-18T04:00:00Z Venezuela is making a last ditch attempt to limit the number of companies that could participate in a court-ordered auction of shares in a parent of oil refiner Citgo Petroleum, appealing to the U.S. Pacific island sea levels rising faster than global average, WMO says 2023-08-18T04:00:00Z At the same time, record heat levels in Texas have likely led to a sharp 2% slump in U.S. refiners' product yields over the past few weeks, Goldman Sachs noted on Sunday. US gasoline prices at year high, tight supply weighs on motorists 2023-08-15T04:00:00Z Biofuel producers supported the EPA proposal, but the administration backed away from it in June after pushback from refiners. EV mandates to phase out gas-powered cars collide with House Republicans 2023-08-05T04:00:00Z Production cuts from OPEC+ weighed on companies, as it removed heavy, sour barrels from the market that U.S. refiners buy cheaply to generate higher profit off fuel sales. Marathon Petroleum Q2 profit slumps 63% on lower refining margins 2023-08-01T04:00:00Z Oil production cuts from OPEC+ in the second quarter took heavy, sour barrels from the market that US refiners buy cheaply to make a higher profit off fuel sales. US fuelmaker profits to fall from last year's records 2023-07-24T04:00:00Z Those forecasts are important for oil refiners making decisions on production and capacity, as well as for policy makers overseeing the transition. Analysis: Bumpy road ahead for US gasoline demand and energy transition 2023-07-24T04:00:00Z Treasury Department on Wednesday renewed a license that protects Venezuela-owned refiner Citgo Petroleum from creditors seeking to seize the company's assets to recoup claims against the country's state oil firm. US extends Citgo Petroleum's protection from Venezuela creditors to October 2023-07-19T04:00:00Z Oil refiners would have faced mandates for higher concentrations of biofuels such as corn-based ethanol and other advanced fuels to cut emissions or purchase more tradable credits from other companies to comply. EV mandates to phase out gas-powered cars collide with House Republicans 2023-08-05T04:00:00Z Some creditors are moving ahead with a lawsuit meant to force the sale of shares in a parent of state-owned refiner Citgo Petroleum, to enforce judgments for past expropriations. Venezuela opposition presidential hopefuls back eventual debt restructuring 2023-07-18T04:00:00Z A winter shortage of distillate fuels that allowed refiners to fetch a much higher price for jet fuel compared with diesel earlier in the year has also eased. US fuelmaker profits to fall from last year's records 2023-07-24T04:00:00Z If refiners close capacity more quickly than demand drops, motorists could face higher fuel prices or even shortages. Analysis: Bumpy road ahead for US gasoline demand and energy transition 2023-07-24T04:00:00Z The renewal would allow the supervisory board that oversees Citgo to continue efforts to reach settlements with nearly a dozen firms seeking an auction of shares in the parent of the seventh-largest U.S. oil refiner. US extends Citgo Petroleum's protection from Venezuela creditors to October 2023-07-19T04:00:00Z Indian refiners have settled some payments for Russian oil imports in Chinese yuan, but the U.S. dollar remains the dominant currency for such payments, a senior government official said. China's top diplomat urges stable ties with India as military tensions simmer 2023-07-15T04:00:00Z There’s no way for a refiner to absorb those costs; they could literally bankrupt the industry.” WA gas prices top nation as lawmakers take aim at oil industry profits 2023-07-14T04:00:00Z But refiners could face challenges with new refining capacity coming online in Asia and the Middle East and weaker demand for diesel due to slowing in trucking and freight markets, Gabelman said. US fuelmaker profits to fall from last year's records 2023-07-24T04:00:00Z U.S. refiners are geared to produce more gasoline than anything else. Analysis: Bumpy road ahead for US gasoline demand and energy transition 2023-07-24T04:00:00Z As part of the standard, oil refiners must blend billions of gallons of biofuels into the nation's fuel mix, or buy tradable credits from those that do. US lawmakers seek to lower biofuel blending compliance costs 2023-07-12T04:00:00Z "The market would likely have been bearish without these changes," said Theo Ruas, global sales manager at Indium Corporation, a U.S.-based refiner of raw materials for the electronics sector. Beijing's curbs on niche metal exports threaten China supply glut 2023-07-06T04:00:00Z Other manufacturers including BMW AG, which aims to make at least half its sales fully electric by 2030, are buying stakes in lithium refiners. Threatened by shortages, electric car makers race for supplies of lithium for batteries 2023-06-27T04:00:00Z The profit crunch is being driven by China's refiners boosting output of olefins such as ethylene to offset an expected decline in sales of petrol and diesel as electric vehicle take-up accelerates. China refiners stoke petrochemical glut in market-share war 2023-06-26T04:00:00Z Since then, some capacity has been added to match rising demand, and some refiners have started transitioning their output to focus on the growing petrochemicals markets, said Alex Hodes, energy analyst at StoneX. Analysis: Bumpy road ahead for US gasoline demand and energy transition 2023-07-24T04:00:00Z Oil refiners argue the mandates are pricey, while biofuel proponents like ethanol producers and corn farmers like the obligations because it increases the market for their products. US lawmakers seek to lower biofuel blending compliance costs 2023-07-12T04:00:00Z Oils produced primarily from soy and canola are seeing increasing demand from refiners for low-carbon renewable diesel. Bunge boosts oilseed dominance, renewable diesel potential with Viterra deal 2023-06-14T04:00:00Z Most refiners seek to minimize production of fuel oil by using coking plants to extract higher value fuels like gasoline and diesel from heavy crude. Analysis: Mexico's gasoline independence dream sinks in dirty fuel oil glut 2023-05-31T04:00:00Z Independent refiner Hengli Petrochemical's net profit slid nearly 76% in the first quarter due to "high operating costs and low industry demand," the company said in April. China refiners stoke petrochemical glut in market-share war 2023-06-26T04:00:00Z Landlocked Midwest refiners are likely to be in the worst position because they do not have easy access to the export market, said Patrick De Haan, head of petroleum analysis at GasBuddy.com. Analysis: Bumpy road ahead for US gasoline demand and energy transition 2023-07-24T04:00:00Z To stay profitable, oil refiners have cut back on production. Gasoline use isn’t falling fast enough. Targeting ‘superusers’ could help 2023-05-25T04:00:00Z In many cases, the records show only shippers or traders involved in the transaction, not the end buyer, which could be a refiner, jeweller or investor. Russian gold shipments to the UAE, China and Turkey 2023-05-25T04:00:00Z In the days after the Ukraine conflict started, many multinational banks, logistics providers and precious metal refiners stopped handling Russian gold, which had typically been shipped to London, a gold trading and storage hub. Exclusive: From Russia with gold: UAE cashes in as sanctions bite 2023-05-25T04:00:00Z Higgins family plans to file a gross negligence lawsuit against the oil refiner and other firms involved in the plant's maintenance, he said. Texas oil refinery 'dangerous' says lawyer for worker killed in fire 2023-05-19T04:00:00Z India's oil refiners will continue to maximise their profit margins for as long as they can, but will simply "go back to their usual crude diet" if the sanctions were to be lifted, she added. India's Russia oil imports jumped tenfold in 2022, bank says 2023-05-11T04:00:00Z But, some Chinese refiners have requested for lower supply volumes in June, said the sources. Saudi Aramco to supply full oil volumes to Asia in June, but some seek less 2023-05-10T04:00:00Z The proposed auction, which could break up the seventh largest U.S. refiner to pay creditors, took a giant step forward last month with a greenlight from the U.S. US judge temporarily suspends six creditors from joining Citgo auction 2023-05-08T04:00:00Z "If the Russian gold comes in, is recast by a local refiner, sourced by a local bank or trader and then sold on into the market, there you have a risk," he said. Exclusive: From Russia with gold: UAE cashes in as sanctions bite 2023-05-25T04:00:00Z In 2007, Congress mandated that refiners nearly quintuple the amount of biofuels mixed into the nation's gasoline supply over 15 years. Despite what you may think, ethanol isn’t dead yet 2023-05-06T04:00:00Z Western sanctions on Russia also crimped global supplies at a time when fuel demand was recovering from pandemic lows, boosting the margins of refiners. PBF Energy beats quarterly profit estimates on strong margins 2023-05-05T04:00:00Z It is not known how much less crude that the Chinese refiners asked for in June. Saudi Aramco to supply full oil volumes to Asia in June, but some seek less 2023-05-10T04:00:00Z An auction of shares in PDV Holding, whose only asset is U.S. refiner Citgo Petroleum, to pay claims could be scheduled by Sept. 5, the court officer said. Conoco sees 'light at end of the tunnel' on Venezuela claims, CEO says 2023-05-04T04:00:00Z In many cases, the customs records show only shippers or traders involved in the transactions, not the end buyer, which could be a refiner, jeweller or investor. Exclusive: From Russia with gold: UAE cashes in as sanctions bite 2023-05-25T04:00:00Z U.S. refiners ramped up maintenance activities during the March quarter, after high utilization rates last year to meet a rise in demand. HF Sinclair beats Q1 profit estimates, submits buyout bid for Holly Energy 2023-05-04T04:00:00Z SK Innovation Co Ltd , owner of South Korea's top refiner SK Energy, said on Thursday it expects a "solid" refining margin in the second quarter, backed by China's reopening and the summer driving season. Oil prices extend losses after Fed interest rate rise 2023-05-04T04:00:00Z The falling profit margins have prompted refiners to seek cheaper oil from other suppliers such as Russia, or even consider lowering operational rates. Saudi Aramco to supply full oil volumes to Asia in June, but some seek less 2023-05-10T04:00:00Z SK Innovation Co Ltd , owner of South Korea's top refiner SK Energy, said on Thursday it expects a "solid" refining margin in the second quarter, backed by China's reopening and the summer driving season. Largest banks doing big deals not ideal, FRC an exception - Powell 2023-05-04T04:00:00Z U.S. refiners took up major maintenance activities during the first three months of 2023 after running their facilities at almost full capacity last year to keep up with the recovery in demand. Refiner Phillips 66 joins rivals to beat profit estimates on soaring margins 2023-05-03T04:00:00Z Pandemic-era closure of facilities and demand recovery have boosted margins for refiners, with crude supplies also coming under pressure after Russia's invasion of Ukraine. Marathon Petroleum posts bumper profit on high demand, tight supply 2023-05-02T04:00:00Z Still, refining margins in Asia have weakened on record production from top refiners China and India, curbing the region's appetite for Middle East supplies loading in June. Oil prices slide on uncertainty over global economic outlook, rate hikes 2023-04-24T04:00:00Z China is stepping up procurement of discounted Russian oil, with more private mega refineries joining the cargo sweeping, and is taking bigger share of the medium sour Urals market which was dominated by Indian refiners. Saudi Aramco to supply full oil volumes to Asia in June, but some seek less 2023-05-10T04:00:00Z U.S. protections on the Houston-based refiner have prevented bondholders and other creditors from moving ahead on billions of dollars in claims against Venezuela issued by U.S. courts and international tribunals. U.S. extends Citgo's protection from creditors for three months 2023-04-19T04:00:00Z Rising costs for Middle East crude supplies, which meet more than half of Asia's demand, are already squeezing refiners' margins, prompting them to secure supplies from other regions. Oil holds above $80 per barrel on OPEC+ cuts, traders eye China recovery 2023-04-17T04:00:00Z Unlike Asian refiners, which benefited from heavy discounts on Russian crude, European refiners have not been given any price incentive to process Middle East crudes, the IEA said. OPEC+ cuts partly due to reshaping of global oil flows, IEA says 2023-04-14T04:00:00Z Discussions with refiners about expanding capacity or limiting fuel exports have dried up since last summer, oil executives told Reuters. Analysis: Biden's subdued reaction to OPEC+ cuts foreshadows economic slowdown, carries risk 2023-04-13T04:00:00Z Those higher costs could convince U.S. refiners to trim capacity devoted to processing crude, called the refinery utilization rate. Explainer: How will OPEC's production cut affect US gasoline prices? 2023-04-04T04:00:00Z The three-month extension comes as a U.S. district court judge is seeking federal approval to schedule an auction that could lead to a breakup of the seventh-largest U.S. refiner by volume. U.S. extends Citgo's protection from creditors for three months 2023-04-19T04:00:00Z The supply cut would drive up prices just as weakening economies depress fuel demand and prices, squeezing refiners' profits, the South Korean refining official and a Chinese trader said. OPEC+ cuts put $100/barrel oil back in sight 2023-04-03T04:00:00Z U.S. refiners last year had run their plants at near full capacity, staving off shortages at the pump. U.S. diesel stocks bounce in sign of economic slowdown 2023-03-31T04:00:00Z U.S. gasoline inventories, a potential predictor of future market conditions, enter the spring at lower levels than last year, due in part to refinery maintenance that was delayed last year as refiners chased high margins. Analysis: Biden's subdued reaction to OPEC+ cuts foreshadows economic slowdown, carries risk 2023-04-13T04:00:00Z If refiners reduce capacity, the drain on stocks could lead to a sudden jump in retail fuel prices, he said. Explainer: How will OPEC's production cut affect US gasoline prices? 2023-04-04T04:00:00Z The powerful oil industry lobbied against the proposal, arguing that it would only make it more difficult for refiners to operate in California. How Newsom fell short of the oil penalty he wanted but still scored a political win 2023-03-28T04:00:00Z “It also promises to secure a reliable supply of essential crude to one of China’s most important refiners.” Saudi Aramco to invest billions in Chinese petrochemicals 2023-03-27T04:00:00Z Stocks could see a further boost as refiners end their maintenance period and increase production. U.S. diesel stocks bounce in sign of economic slowdown 2023-03-31T04:00:00Z California relies on about five main oil refiners to produce gasoline, which means the state is isolated from alternative backup sources, and maintenance issues can reduce supply and cause price spikes. California lawmakers approve Newsom's oil bill. Here's what you need to know 2023-03-27T04:00:00Z What's more, U.S. shale oil is lighter than grades preferred by many refiners, requiring a blending with oil from Canada, South America or elsewhere. Explainer: How will OPEC's production cut affect US gasoline prices? 2023-04-04T04:00:00Z California is dominated by just five major oil refiners, and the forces driving up its gasoline prices remain shrouded in mystery. Editorial: Sunlight can help California rein in Big Oil’s greed 2023-03-24T04:00:00Z The surge is partly because U.S. refiners are deep into spring maintenance, which has reduced processing capacity following winter storm shut-downs at the end of last year. Falling US gasoline stockpiles signal a repeat of last summer's high prices 2023-03-22T04:00:00Z The deal between Newsom and lawmakers includes a requirement for oil refiners to report maintenance to the state in hopes of preventing rapid and unexpected declines in gasoline production in California. Newsom gives up call for lawmakers to cap oil industry profits 2023-03-15T04:00:00Z Limiting profits and placing additional requirements on refiners could drive companies out of the state, reducing supply and increasing fuel costs, the oil group said. California lawmakers approve Newsom's oil bill. Here's what you need to know 2023-03-27T04:00:00Z “Getting this term right is doubly important as it is currently being contemplated by legislators as a measure on which to impose a tax on refiners,” Sladden wrote. Chevron hasn’t complied with new California gas pricing law 2023-03-14T04:00:00Z “If you target supply in the U.S. without any kind of measures to bring demand down, refiners are just going to pull their oil from overseas,” he said. Alaska oil project approval adds yet another climate concern 2023-03-13T04:00:00Z The enormous gap powered historic profits for oil refiners, which doubled their profits per gallon in the West last year, according to their own public reports to investors. Opinion: Who profits from Southern California's high gas bills? The problem is we don't know 2023-03-13T04:00:00Z California is dependent on only a handful of oil refiners, which are not required to report planned maintenance to the state. Newsom gives up call for lawmakers to cap oil industry profits 2023-03-15T04:00:00Z Borenstein and other experts agreed about the need for transparency from oil refiners on pricing, maintenance, supply contracts and inventory. California lawmakers approve Newsom's oil bill. Here's what you need to know 2023-03-27T04:00:00Z “The administration appears to be caving to refiner crocodile tears by kicking the can to 2024 instead,” the coalition said. Midwest could add more ethanol to gasoline under EPA plan 2023-03-01T05:00:00Z Meanwhile, crude oil processed by Indian refiners reached record levels in January, provisional government data on Wednesday showed, as the country boosted imports of Russian barrels that Western countries shunned. Oil holds gains on China rebound, even as U.S. crude stocks rise 2023-03-02T05:00:00Z How can oil refiners charge Californians so much more at the pump when their production costs, as evidenced by their profits, don’t justify it? Opinion: Who profits from Southern California's high gas bills? The problem is we don't know 2023-03-13T04:00:00Z Oil has also been pressured by a surge in U.S. crude inventories to the highest since May 2021, as refiners ran less oil during a strong maintenance season. Oil gains on Russian supply cut worries, but higher U.S. inventories weigh 2023-02-24T05:00:00Z The bill allows the commission to petition the court to prohibit a refiner from exceeding the maximum. California lawmakers approve Newsom's oil bill. Here's what you need to know 2023-03-27T04:00:00Z Polls conducted by advocates for Newsom’s policy found that 6 in 10 Californians support a price-gouging penalty on oil refiners when gas prices reach abnormally high levels. California tries to cap oil company profits. Figuring out how is challenge 2023-02-22T05:00:00Z Newsom said the reason it’s taking so long to advance the bill is a “lack of transparency” from the big five oil refiners, which supply nearly all of California’s gasoline. Little progress on California’s plan to penalize oil profits 2023-02-22T05:00:00Z Chevron, which is both a driller and refiner of oil in the state, more than doubled its profits over the previous year, raking in a stunning $35.5 billion. California oil industry uses high gasoline prices to roll back climate agenda, critics allege 2023-02-22T05:00:00Z China's commerce ministry has met independent oil refiners to discuss their deals with Russia, five sources with knowledge of the matter said, imports which have saved Chinese buyers billions of dollars. Harris says "troubled" that China has deepened relationship with Russia 2023-02-18T05:00:00Z Under the RFS, refiners are required to blend growing volumes of biofuels into the fuel pool or buy an equivalent number of credits. Utah senator seeks allies in push to keep EVs out of U.S. biofuel program 2023-02-16T05:00:00Z The Democratic governor also highlighted the lack of transparency from oil refiners. California tries to cap oil company profits. Figuring out how is challenge 2023-02-22T05:00:00Z In the last 20 years, the big five oil refiners have average profits of 32 cents per gallon, Court said. Little progress on California’s plan to penalize oil profits 2023-02-22T05:00:00Z The American Fuel and Petrochemical Manufacturers, which represents oil refiners and petrochemical firms, has spent millions on public relations campaigns, such as promoting a rollback of federal fuel efficiency standards. Big Oil allies outspent clean energy groups by 27 times on ads and lobbying to kill climate policies 2023-02-14T05:00:00Z China's oil demand recovery is curbing its gasoline exports in February although its refiners are maintaining diesel shipments at above 2 million tonnes. Oil falls on demand concerns as impact of Russian output cut fades 2023-02-13T05:00:00Z It has been an economic boom for corn growers and Midwestern states that support ethanol production, but small refiners argue its compliance costs threaten their existence and thousands of good-paying union jobs. Utah senator seeks allies in push to keep EVs out of U.S. biofuel program 2023-02-16T05:00:00Z Other economists agreed with the Newsom administration about demanding more transparency from oil refiners on pricing, maintenance, supply contracts and inventory. California tries to cap oil company profits. Figuring out how is challenge 2023-02-22T05:00:00Z The group says all of the big five refiners surpassed 50 cents in 2022. Little progress on California’s plan to penalize oil profits 2023-02-22T05:00:00Z "In practice it is virtually impossible for them to completely exclude artisanal cobalt, especially when it is sent to smelters and refiners in DRC and China." Microsoft calls for 'coalition' to improve Congo's informal cobalt mines 2023-02-08T05:00:00Z "Judging by the customs statistics, some of the benefit was captured by refiners in India and China, but the main beneficiaries must be oil shippers, intermediaries and the Russian oil companies," he added. Lost Russian oil revenue is bonanza for shippers, refiners 2023-02-08T05:00:00Z Discounts offered on these fuel oil cargoes help to improve margins at Chinese independent refiners and replace crude that some companies are unable to import without quotas, the sources said. China boosts imports of fuel oil blended from Russian barrels 2023-02-03T05:00:00Z When asked last week, Newsom said imposing a limit on the profits of oil refiners is challenging, in part, because it’s largely uncharted territory in California and the rest of the nation. California tries to cap oil company profits. Figuring out how is challenge 2023-02-22T05:00:00Z These volumes may be hard to quickly replace, and in recent weeks European refiners have been preparing by building up their reserves. Russian Diesel Is Europe’s New Embargo Target 2023-02-02T05:00:00Z In June, he Biden wrote to executives of major oil refiners and complained they had cut back on production to pad profits, according to a copy of a letter seen by Reuters. White House blasts Exxon over historical $56 bln annual profit 2023-01-31T05:00:00Z While tanker owners charge record high rates for Russian crude shipments, refiners in India and China have also benefited from big discounts. Lost Russian oil revenue is bonanza for shippers, refiners 2023-02-08T05:00:00Z The new president of Venezuela's opposition legislature is confident the United States will back the body by continuing to protect foreign assets like oil refiner Citgo Petroleum from creditors, she said on Friday. 'I am Inca blood': Peru protests fire up a divided nation 2023-01-30T05:00:00Z Indian refiners' crude oil processing in December rose about 4% from a year earlier, provisional government data showed, in line with elevated demand in the world's third-biggest oil importer and consumer. Two Indian Air Force jets crash - officials 2023-01-28T05:00:00Z A Feb. 5 European Union embargo on imports of seaborne Russian refined products will also pressure European supplies and will increase the call on U.S. refiners to fill the gap, analysts said. Jet fuel prices up as demand jumps, refinery outages limit supply 2023-01-27T05:00:00Z Currently, around 90% of Indian petrochemical demand is met by China, he said, so a shift by Indian refiners towards domestic chemical needs could dramatically change supply dynamics. Analysis: India's rapid take-up of electric vehicles prompts rethink about long-term fuel needs 2023-01-27T05:00:00Z Independent refiners in the eastern province of Shandong were the biggest beneficiaries. Lost Russian oil revenue is bonanza for shippers, refiners 2023-02-08T05:00:00Z The crack spread, a key gauge of refiner profits that measures the difference between crude oil prices and selling prices of finished products, touched $42.41 on Tuesday, the highest since October. U.S. oil refining margins hit 3-month high as plant outages rise 2023-01-25T05:00:00Z Backed by many Western countries, the opposition controls some Venezuelan assets abroad, including refiner Citgo Petroleum, which had its creditor protection extended this week by the United States. Venezuela opposition may move funds in small amounts to avoid creditors -sources 2023-01-20T05:00:00Z Because of its backing abroad, the opposition controls some assets in other countries, including U.S.-based oil refiner Citgo Petroleum and more than $1 billion in gold stored at the Bank of England. Venezuela opposition names committee to manage foreign assets 2023-01-19T05:00:00Z Indian refiners are investing billions of dollars to raise petrochemical capacity. Analysis: India's rapid take-up of electric vehicles prompts rethink about long-term fuel needs 2023-01-27T05:00:00Z The opposition national assembly - backed by the United States and others - is able to control some assets in other countries, including U.S.-based refiner Citgo Petroleum. 'No reason' for opposition talks to go on unless funds are released: Venezuela official 2023-01-17T05:00:00Z A lot of overhauls were also delayed by the pandemic, and refiners are now planning twice as many overhauls this spring than usual, putting more pressure on fuel supplies. U.S. oil refining margins hit 3-month high as plant outages rise 2023-01-25T05:00:00Z "Most of these shipments found home in Shandong, where independent refiners have turned to discounted grades since the second half of 2022 amid sluggish domestic demand and depressed refining margins," the company said. Iranian oil exports end 2022 at a high, despite no nuclear deal 2023-01-15T05:00:00Z India's palm oil imports in December jumped 94% from a year earlier to a record high as palm oil's higher discount to rival vegetable oils led refiners to boost purchases. Indonesia palm oil export curbs, biodiesel plans to hit world vegoil supplies 2023-01-13T05:00:00Z India's state refiners, which dominate fuel retailers, plan to set up EV charging facilities at more than 22,000 fuel stations and highways by 2024. Analysis: India's rapid take-up of electric vehicles prompts rethink about long-term fuel needs 2023-01-27T05:00:00Z U.S. crude stocks built unexpectedly last week, the Energy Information Administration said, as refiners were slow to restore production after a cold freeze that shut operations. Russia suggests Sweden has 'something to hide' in Nord Stream blast probe 2023-01-12T05:00:00Z The refiner plans to fund the deal through a combination of cash and debt. Phillips 66 buys public units of pipeline operator DCP Midstream for $3.8 bln 2023-01-06T05:00:00Z Venezuela's opposition national assembly on Thursday appointed three exiled lawmakers to direct it and create a commission to control foreign assets, including oil refiner Citgo Petroleum. Peru's defense minister says 'separatist' foreigners spurring protest violence 2023-01-06T05:00:00Z The refiner reduced employee headcount by over 1,100 as it seeks to meet its 2022 cost savings target of $500 million. Factbox: Corporate America lays off thousands as recession worries mount 2023-01-04T05:00:00Z His interim administration was also given control of Venezuelan government assets abroad that had been frozen, including Citgo, the Houston-based oil refiner. Venezuelan opposition strips Guaidó of ‘presidential’ role 2022-12-30T05:00:00Z The seventh-largest U.S. refiner has said it plans to use the profit to repay debt and invest in the reliability of its operations. Analysis: Citgo may face new upheaval under Venezuela's political changes 2022-12-31T05:00:00Z Poland has been gradually reducing its intake of Russian oil, and after the start of the war in Ukraine stopped buying seaborne Russian oil, top refiner PKN Orlen said. Poland ready for Russian oil ban, says minister 2022-12-29T05:00:00Z China's independent refiners are boosting their profits from processing low-priced Russian oil as western sanctions on Moscow give them leverage to negotiate for steeper discounts, industry sources and analysts said. Analysis: Private U.S. energy producers tap niche funding as bank lines dry up 2022-12-20T05:00:00Z But Citgo and other U.S. refiners have rebounded this year as fuel prices climbed sharply on the U.S. economic recovery and on global shortages caused by Russia's invasion of Ukraine. Citgo Petroleum on track for $2.5 bln profit in 2022 - supervisory board 2022-12-19T05:00:00Z China's diesel and gasoline exports continued to surge in November to their highest level in over a year as refiners dashed to use up their 2022 export quotas and sell down rising inventory. Oil climbs on optimism over China's demand recovery 2022-12-19T05:00:00Z When the pandemic hit, big U.S. refiners closed numerous facilities that were less profitable than other operations. U.S. fuelmakers more than recoup pandemic losses in 2022 2022-12-15T05:00:00Z U.S. crude oil stockpiles also rose by more than 10 million barrels last week, the most since March 2021, buoyed by releases from the Strategic Petroleum Reserve and as refiners reduced activity. Oil prices largely unchanged amid demand hopes, interest rate hike 2022-12-15T05:00:00Z On Dec. 11, oil refiner Luberef priced its $1.3 billion share offer at the top of the initial price range on the back of strong investor demand. Barclays weighs Saudi re-entry amid capital markets boom – sources 2022-12-14T05:00:00Z Big banks that dominate gold trading tend only to deal with gold from LBMA-certified refiners. Top accreditor of gold refiners sued over alleged human rights abuse 2022-12-13T05:00:00Z The state is famously the smoggy car capital of the nation, too, which means refiners must produce a more expensive version of cleaner-burning gas during the hotter months. High gas costs hurt California drivers as refiners rake in huge profits. These charts explain 2022-12-11T05:00:00Z The decline in capacity boosted fuel costs for consumers, but it was a boon for U.S. refiners as profit margins for making diesel, gasoline and other products surged as economic activity rebounded. U.S. fuelmakers more than recoup pandemic losses in 2022 2022-12-15T05:00:00Z By contrast, Gulf Coast refiners can draw on more sources for crude, both from offshore Louisiana facilities and from countries like Colombia, Mexico and Ecuador. Key Canada-U.S. oil pipeline outage to hit U.S. refiners' supplies, exports 2022-12-09T05:00:00Z The refiner added the capital allocation is consistent with the company's commitment to maintain a $2 billion annual budget through 2024. Phillips 66 sees higher spending in 2023 2022-12-09T05:00:00Z Saudi Arabia is its top oil supplier and state-run Saudi Aramco has annual supply deals with half a dozen Chinese refiners. China's Xi starts 'epoch-making' Saudi visit to deepen economic and strategic ties 2022-12-07T05:00:00Z The Legislature will need to establish a “maximum gross gasoline refining margin” based on the average profit per barrel that an oil refiner earns for wholesale gasoline. High gas costs hurt California drivers as refiners rake in huge profits. These charts explain 2022-12-11T05:00:00Z Fitch Ratings expects U.S. refiners' margins to fall by 30% to 50% in 2023 and for profits to decline due to slowed worldwide economic activity, higher inventories and the addition of global refining capacity. U.S. fuelmakers more than recoup pandemic losses in 2022 2022-12-15T05:00:00Z India has taken advantage of Moscow’s supply of heavily discounted crude oil — now supplying about a quarter of its daily needs — to shield India’s state refiners from losses. India Chases Clean Energy, but Economic Goals Put Coal First 2022-12-07T05:00:00Z Under Newsom’s tentative plan, the commission couldgrant a refiner an exemption to the profit margin cap if the company shows “reasonable cause.” Newsom unveils plan to cap oil refinery profits, accusing industry of gas price gouging 2022-12-05T05:00:00Z “I know people are getting cold about this strike, and they are like, ‘Why again?’” said Ham Sang-jun, 49, a driver transporting oil from top refiner S-Oil Corp to petrol stations. 'We are not your enemy', say South Korean truckers striking for minimum wage protections 2022-12-05T05:00:00Z Plus, refiners pay additional costs in the carbon allowance market. You’re going to pay higher gas prices as California decarbonizes. Here's why 2022-12-04T05:00:00Z U.S. refiners are not likely to restart idled facilities, however, and continue to shut plans that cannot make chemicals and plastics, which are considered a better investment for coming years. U.S. fuelmakers more than recoup pandemic losses in 2022 2022-12-15T05:00:00Z Reliance, the giant Indian refiner, is trying to sell assets to Saudi Aramco to raise capital to expand solar panel production and establish green hydrogen infrastructure. India Chases Clean Energy, but Economic Goals Put Coal First 2022-12-07T05:00:00Z Newsom tweeted a picture of their empty chairs while at the same time blasting the refiners for making “profits of $63 billion in just 90 days” this fall. High gas prices prompt California lawmakers to consider penalties on oil profits 2022-12-04T05:00:00Z Calgary, Alberta-based TC is widely known for its Keystone oil pipeline, a critical artery for moving Canadian oil to U.S. refiners that dominated headlines over the past decade for an expansion that ultimately failed. 'No sacred cows' as pipeline company TC Energy prepares for C$5 bln asset sales 2022-12-02T05:00:00Z Borenstein suggested that gasoline refiners, distributors and retailers may be playing market-shaping games, legal or otherwise, and that the state needs to investigate. You’re going to pay higher gas prices as California decarbonizes. Here's why 2022-12-04T05:00:00Z While the coronavirus pandemic and Russia's invasion of Ukraine upended worldwide energy markets, the biggest U.S. refiners have emerged stronger and leaner than before the outbreak. U.S. fuelmakers more than recoup pandemic losses in 2022 2022-12-15T05:00:00Z Venezuelan heavy crude grades, popular among U.S. refiners for producing products from asphalt to motor fuels, had been partially replaced by Russian supplies in the aftermath of sanctions on Venezuela. U.S. oil refiner Valero, rivals pursue Chevron for Venezuelan crude 2022-12-01T05:00:00Z Court disputed the idea that refiners would sell gasoline elsewhere. High gas prices prompt California lawmakers to consider penalties on oil profits 2022-12-04T05:00:00Z Environmental Protection Agency proposed on Thursday increases in the amount of ethanol and other biofuels that oil refiners must blend into their fuel over the next three years. BlackRock Investment Institute says not chasing post-Powell rally 2022-12-01T05:00:00Z Newsom’s push to tax oil refiners’ profits gained steam in recent weeks as major oil companies reported soaring profits in their most recent quarter. Should California tax oil profits? Gas spike hearing sets stage for contentious debate 2022-11-29T05:00:00Z Russian Urals crude prices jumped in August as traders and refiners rushed to buy as many barrels as possible, fearing the EU ban on Russian oil would lead to shortages. European refiners oversupplied as oil shortage fears subside 2022-11-18T05:00:00Z A few donors have been more direct about tiring of Trump, such as Schwarzman, billionaire investor Ken Griffin and metals refiner Andy Sabin. Trump’s early 2024 launch fails to rally GOP around him 2022-11-16T05:00:00Z “I think if oil refiners want to make a reasonable profit in California, they can,” Court said. High gas prices prompt California lawmakers to consider penalties on oil profits 2022-12-04T05:00:00Z U.S. crude stocks fell by more than 5 million barrels in the most recent week, while fuel stocks rose as refiners boosted output to deal with high demand and low inventories. Russian economy shrinks 4% in third quarter - statistics agency 2022-11-16T05:00:00Z “California oil refiners reported truly windfall profits in 2022, profits levels they have never reached in the last 20 years,” said Court. Should California tax oil profits? Gas spike hearing sets stage for contentious debate 2022-11-29T05:00:00Z Traders said refiners have adjusted to living without Russian crude, which had been a mainstay of Europe's refining system. European refiners oversupplied as oil shortage fears subside 2022-11-18T05:00:00Z The refiners sought to trim supplies for December by about half of the previous month's level, the sources said, asking not to be named because of the sensitivity of the issue. Chinese refiners seek less Saudi crude as demand weak 2022-11-11T05:00:00Z Indian Oil Corp , the country's top refiner, has purchased a cargo of Russia's Sokol oil for November delivery thorough a spot deal with a trading firm, a source familiar with the matter said. California rooftop solar proposal incentives target low income households 2022-11-10T05:00:00Z At the same time, while American refiners are now making tidy profits, 30 percent of their production is being exported. Price of Diesel, Which Powers the Economy, Is Still Climbing 2022-11-10T05:00:00Z “It’s time for the state to set a windfall profits cap on oil refiners so that the Golden State gouge comes to an end.” Should California tax oil profits? Gas spike hearing sets stage for contentious debate 2022-11-29T05:00:00Z Chinese refiners, meanwhile, have asked for less Saudi crude in December because of an economic slowdown. European refiners oversupplied as oil shortage fears subside 2022-11-18T05:00:00Z “We’ve been disappointed that the conversations of the last several weeks have been geared so much toward midterm politics,” said Chet Thompson, leader of the American Fuel and Petrochemical Manufacturers, the refiners’ trade group. Biden courted oil companies before threatening them with windfall tax 2022-11-08T05:00:00Z Largest U.S. refiner Marathon Petroleum Corp aims to operate its system at 93% of combined oil processing capacity, a cooler pace as it completes maintenance work at some plants. U.S. oil refiners to keep running at breakneck speeds in fourth quarter 2022-11-04T04:00:00Z There is also strong global demand for diesel that is encouraging refiners across the region to add production runs, said Matt Smith, analyst at data firm Kpler. U.S. crude oil exports to Asia poised to hit record high 2022-11-03T04:00:00Z It also called on refiners, shipping companies and others in the aviation fuel supply chain to stop shipments until they can ensure they won’t be diverted to military use. Amnesty: Fuel suppliers aiding Myanmar attacks on civilians 2022-11-03T04:00:00Z Marathon Petroleum and Phillips 66 posted quarterly profits which cruised past Wall Street estimates on Tuesday, becoming the latest U.S. refiners to benefit from robust fuel demand and margins amid tight supplies. Rosneft says BP should return to Russia, promises dividend 2022-11-01T04:00:00Z Marathon Petroleum and Phillips 66 posted quarterly profits which cruised past Wall Street estimates on Tuesday, becoming the latest U.S. refiners to benefit from robust fuel demand and margins amid tight supplies. BP sees $2.5 bln UK tax bill this year including windfall levy 2022-11-01T04:00:00Z U.S. refiners are posting bumper profits with refineries running at record levels this year, strong export demand amid a squeezed supply due to Russia's invasion of Ukraine and plant closings. Marathon Petroleum's quarterly profit tops Wall Street estimates on margin boost 2022-11-01T04:00:00Z "With Asian refiners set to ramp up refinery runs, with China's sizeable product export quota, and with OPEC's core producers dialing back on output, demand for U.S. crude is strong," he said. U.S. crude oil exports to Asia poised to hit record high 2022-11-03T04:00:00Z U.S. oil refiner Phillips 66 has begun reducing staff at several refineries, refined products terminals and offices as part of a restructuring program, said two people familiar with the matter. Sabadell Q3 net beats forecasts on lending income, lower costs 2022-10-27T04:00:00Z Oil refiner Valero Energy said it expects the Biden administration to continue releasing oil from the U.S. emergency reserve through year-end and will continue buying barrels. Singapore to introduce new emissions rules for fossil-fuel power plants 2022-10-26T04:00:00Z The governor said he has taken action to lower prices by ordering a switch to winter-blend gas and demanding accountability from oil companies and refiners that do business in the state. In battle with Big Oil, Newsom rips into Valero's 500% rise in profit amid soaring gas prices 2022-10-25T04:00:00Z Against the backdrop of bumper results, the refiner also increased its dividend by 30% to 75 cents per share on Tuesday. Marathon Petroleum's quarterly profit tops Wall Street estimates on margin boost 2022-11-01T04:00:00Z Valero, the first major U.S. refiner to post results for the quarter, said refining margin more than doubled to $5.90 billion, from a year earlier and added it continues to maximize refining utilization. Valero kicks off U.S. refiners earnings season with bumper profit 2022-10-25T04:00:00Z Par Pacific was one of several independent refiners eying the plant and looking to invest some of this year's record refining profits to expand its assets, according to people familiar with the matter. Exxon selling Montana oil refinery to Par Pacific for $310 million 2022-10-20T04:00:00Z The discussions, which involve combining new releases from the stockpile and setting the schedule for buying the oil back, reflect the White House's desire to combat rising pump prices without hurting domestic drillers or refiners. Biden admin talks with energy firms as it seeks to balance oil prices-sources 2022-10-18T04:00:00Z Some cargoes meant for supplies to Indian refiners were also hit as Exxon did not recognise the alternative cover Sovcomflot had arranged from Russian insurers, according to the sources. Exxon's Russian oil output collapsed after rejecting local tanker insurance - sources 2022-10-17T04:00:00Z The sector has drawn criticism from President Joe Biden, who said refiners were putting profits ahead of consumers and urged them to expand capacity. Marathon Petroleum's quarterly profit tops Wall Street estimates on margin boost 2022-11-01T04:00:00Z Symptomatic of the reduced supplies, refiners have lowered the treatment charges that miners pay smelters to process their ore. Lead set to shine on tight supplies, winter battery failures 2022-10-12T04:00:00Z An auction schedule to sell shares in Citgo Petroleum's parent company, which could force a breakup of the Venezuela-owned U.S. oil refiner, was approved by a U.S. federal judge and filed on Tuesday. EU countries seek way out of impasse over gas price caps 2022-10-12T04:00:00Z The refiner posted $1.54 billion in net income for the first six months this year and is expected next month to disclose strong third quarter results. U.S. judge approves sales process for shares in Citgo Petroleum's parent 2022-10-11T04:00:00Z Oil refiners have been trying to increase production of SAF to try to lower emissions. Honeywell to make lower-carbon aviation fuel from ethanol 2022-10-10T04:00:00Z A U.S. judge could rule soon on a final auction schedule that could force a breakup of Venezuela-owned Citgo Petroleum, the seventh-largest U.S. oil refiner by capacity, according to court filings. Swiss National Bank cuts overnight deposits by 30 billion francs 2022-10-10T04:00:00Z A U.S. judge could rule soon on a final auction schedule that could force a breakup of Venezuela-owned Citgo Petroleum, the seventh-largest U.S. oil refiner by capacity, according to court filings. ECB's Centeno warns of possible policy overreactions 2022-10-10T04:00:00Z China has issued the first batch of crude oil import quotas for 2023, mainly to independent refiners, four sources familiar with the matter said on Saturday. German gas commission wants one-off payment now, price break next year 2022-10-09T04:00:00Z More likely, it would punish the Latin American and European countries that buy U.S. products while reducing incentives for U.S. refiners to expand production for everyone. Opinion | How to recover from President Biden’s Saudi Arabia failure 2022-10-08T04:00:00Z He requested information about the “sudden gap between national and California prices” from in-state oil refiners, which produce the vast majority of gas sold in California. High gas prices and unstable supplies aren't new for California. Why has it gotten worse? 2022-10-08T04:00:00Z Overall, U.S. oil refiners were using 91% of their capacity as of last week, still seasonally high. Explainer: Why are U.S. fuel prices rising again? Will they keep going up? 2022-10-06T04:00:00Z Through publicly available information, energy analysts know that the recent price spike is tied to reduced gas production among the state’s oil refiners, which include Marathon Petroleum, Chevron, and PBF Energy. 96-cent hike in two weeks: California gas prices shrouded in secrecy amid historic cost spike 2022-10-06T04:00:00Z "We are concerned about a resurgence in international oil prices, which have shown some signs of calming down since the second quarter," a spokesperson at South Korea's largest refiner SK Energy told Reuters. OPEC+ cuts ahead of winter fan global inflation concerns 2022-10-06T04:00:00Z With that lawsuit still going on, Marsam this month was quietly removed by the Responsible Minerals Initiative from a public list of smelters and refiners deemed to follow best sourcing practices. Big Brazilian gold refiner delisted amid Amazon mining probe 2022-10-04T04:00:00Z Oil refiners are required to follow specific gasoline formulas aimed at reducing air pollution when the temperature is high, to alleviate atmospheric smog. Record-setting gas prices show California's worsening energy vulnerabilities 2022-10-04T04:00:00Z "Together with the new quotas, refiners have more than 20 million tonnes of quotas for fourth quarter," FGE analysts said in a note. China likely to boost oil products exports into early 2023, support economy 2022-10-03T04:00:00Z California’s main oil refiners did not respond to requests for detailed comments. 96-cent hike in two weeks: California gas prices shrouded in secrecy amid historic cost spike 2022-10-06T04:00:00Z De Haan also said that Tropical Storm Ian, which is expected to hit Florida with rain and high winds, could disrupt refiners and further contribute to the gas spike. Pain at the pump? L.A. County's average gas price hits $5.84 a gallon 2022-09-26T04:00:00Z Such sourcing decisions are guided by independent auditors who evaluate refiners to make sure they aren’t contributing to illegal armed groups, human rights violations and financial wrongdoing. Big Brazilian gold refiner delisted amid Amazon mining probe 2022-10-04T04:00:00Z Sugar and Imperial Sugar Company, one of the largest sugar refiners in the nation. Judge rejects Justice Dept.’s bid to stop sugar merger 2022-09-23T04:00:00Z Chinese refiners are also expected to ramp up diesel exports by the most because it has the highest profit compared with gasoline and jet fuel which could tighten domestic supplies, analysts said. China likely to boost oil products exports into early 2023, support economy 2022-10-03T04:00:00Z At the same time, U.S. gasoline prices are expected to continue falling through the end of the year as refiners overproduce fuel to rebuild low inventories. Analysis: Rally in U.S. consumer stocks teeters with Fed, inflation in focus 2022-09-21T04:00:00Z "When the SPR releases finish, these refiners will look to lean harder again on Canadian barrels or seaborne imports." U.S. refiners eye Canadian oil once strategic reserve turns off taps 2022-09-20T04:00:00Z Currently, 98 refiners are considered to be aligned with the initiative’s standards — the same status Marsam enjoyed from 2017 until its recent delisting. Big Brazilian gold refiner delisted amid Amazon mining probe 2022-10-04T04:00:00Z Russian imports rose as Chinese independent refiners extended purchases of discounted Russian supplies that elbowed out rival cargoes from West Africa and Brazil. Russia's surging oil exports to China in Aug fail to keep Saudis down -data 2022-09-20T04:00:00Z China's August gasoline exports rose 97.4% from a year earlier, customs data showed on Sunday, as refiners took advantage of fresh export quotas amid faltering domestic demand. Fossil fuel registry launched to help spot 'stranded assets' 2022-09-18T04:00:00Z Renewable Fuel Standard requires refiners to blend an increasing volume of biofuels into the nation’s fuel pool each year or buy compliance credits from those who do. EXCLUSIVE Delta Air Lines readies refinery to process biofuels -sources 2022-09-16T04:00:00Z The nature of George’s work as an “information refiner” is left purposely vague. Bobby Smith faced unemployment. Now he’s singing about it. 2022-09-07T04:00:00Z “If a smelter or refiner is unable or unwilling to meet our strict standards, we remove them from our supply chain, and since 2009, we have directed the removal of over 150 smelters and refiners.” Big Brazilian gold refiner delisted amid Amazon mining probe 2022-10-04T04:00:00Z U.S. independent refiners indicated earlier this year that they would continue to run at high rates even if gasoline demand dropped in order to replenish low middle distillate inventories. U.S. gasoline prices to keep falling as refiners keep making other products 2022-09-08T04:00:00Z To be effective, however, it would have to involve as many importing countries as possible, in particular India where refiners have been snapping up cheap Russian oil shunned by Western traders. G-7 pledges to move forward with Russia oil price cap system 2022-09-02T04:00:00Z The move suggests a shift in strategy for Delta subsidiary Monroe Energy, which in the past has been among the smaller refiners that have tried to pressure the U.S. EXCLUSIVE Delta Air Lines readies refinery to process biofuels -sources 2022-09-16T04:00:00Z To be effective, however, it would have to involve as many importing countries as possible, in particular India, where refiners have been snapping up cheap Russian oil shunned by Western traders. G-7 pledges to move forward with Russia oil price cap system 2022-09-02T04:00:00Z In a wide-ranging meeting with the same refiners in June, Granholm backed off a plan to ban U.S. fuel exports, but the idea has never fully left the table. U.S. energy secretary urges refiners not to increase fuel exports 2022-08-27T04:00:00Z U.S. gasoline inventories are roughly in line with five-year averages, but are expected to rise because refiners can only shift their processing mix by so much. U.S. gasoline prices to keep falling as refiners keep making other products 2022-09-08T04:00:00Z The Biden administration is warning refiners that it may take “emergency measures” to address fuel exports as stockpiles of gasoline and diesel fuel remain near historically low levels in the Northeast. Energy Dept. warns refiners it may take ‘extraordinary measures’ on fuel exports 2022-08-26T04:00:00Z The country manages its crude imports under a rigid quota system for qualified refiners. EXCLUSIVE Chinese defense firm has taken over lifting Venezuelan oil for debt offset -sources 2022-08-26T04:00:00Z The Polish refiner's Anwil subsidiary said on Monday it had temporarily halted production of nitrogen fertilisers. Factbox: Fertiliser-makers cut output on surging gas prices 2022-08-25T04:00:00Z In addition, Northeast refiners import crude and fuels, trade that could be affected by an export ban. U.S. energy secretary urges refiners not to increase fuel exports 2022-08-27T04:00:00Z Those refiners are running at more than 98% capacity, according to the U.S. Oil companies work around Jones Act to supply U.S. fuel markets 2022-08-18T04:00:00Z On Wednesday, the payment was made by Slovak refiner Slovnaft after both Russia and Ukraine agreed to the solution. Oil shipments from Russia resume to Czechia 2022-08-12T04:00:00Z "It is more costly, but it's good that the government is now taking charge of these Venezuelan supplies, which saves us lots of logistics headaches and sanction-related risks," said an executive with the refiner. EXCLUSIVE Chinese defense firm has taken over lifting Venezuelan oil for debt offset -sources 2022-08-26T04:00:00Z The result has been that European distillate stocks held by refiners are trending much lower than their historical averages. Winter diesel shock looms as tanks dry up ahead of sanctions 2022-08-12T04:00:00Z "The export talk is at best a distraction; at worst, counterproductive to price and supply," said a source familiar with Granholm's talks with refiners. U.S. energy secretary urges refiners not to increase fuel exports 2022-08-27T04:00:00Z The platforms deliver Mars sour crude, a grade prized by oil refiners in the United States and Asia. Shell says oil output halted at three Gulf of Mexico platforms on pipeline outage 2022-08-11T04:00:00Z Chinese state refiners and South Korean refiners may buy as prices become attractive, but weak margins on lower demand has reduced their purchasing power. Global physical oil market weakens as recession jitters mount 2022-08-10T04:00:00Z Czech refiner Unipetrol declined immediate comment and it was not immediately clear if flows to the Czech Republic would resume as well. Russian oil pipeline flows set to resume after Hungary settles transit bill 2022-08-10T04:00:00Z The LBMA, which is made up of gold refiners, traders and banks, is not a regulator, and relies on market participants to uphold its rules. Gold investors face bind over bars from tarnished Russia 2022-08-01T04:00:00Z U.S. refiners have boosted oil product exports this month as domestic crude oil production rose and global fuel demand continued to recover. U.S. energy secretary urges refiners not to increase fuel exports 2022-08-27T04:00:00Z Chinese state refiners are expected to raise refinery runs in August-September and increase exports to lower high domestic stocks after receiving new quotas, industry sources said. Global gasoline cracks collapse, blow to refiners' profits 2022-07-25T04:00:00Z Indian shares rose more than 1% to a six-week high on Wednesday, as oil producers and refiners surged after the government slashed windfall taxes on local crude sales and fuel exports. Royal Mail expects UK business to break even this year 2022-07-20T04:00:00Z That means more domestic barrels will be sent abroad to refiners that can process them, while U.S. refiners import barrels best suited to their use. Explainer: Can U.S. port infrastructure handle more crude exports? 2022-07-20T04:00:00Z That means refiners are profiting handsomely from processing oil into gas. U.S. gasoline prices are finally falling. Why? 2022-07-14T04:00:00Z The discounts offered by Venezuela’s state oil company, known as PDVSA, to Chinese refiners reached record highs since the invasion of Ukraine, according to Venezuelan energy experts and oil executives. Putin’s Oil War With the West Comes at His Allies’ Expense 2022-07-12T04:00:00Z They warn the plan could mostly enrich oil refiners and could be ripe for evasion by Russia and its allies. Fears of Another Gas Shock Drive Biden to Seek Price Cap on Russian Oil 2022-07-09T04:00:00Z The president, a leftist resource nationalist, argues that the refinery can help wean Mexico off of imported motor fuels, almost all of which is supplied by U.S. refiners, which he says underlines the country's sovereignty. Mexican leader hails new but unfinished refinery at formal launch 2022-07-01T04:00:00Z A busy Atlantic hurricane season and tight fuel supplies could further strain U.S. refiners who already have the lowest oil-processing capacity in eight years, analysts warned, adding this would boost prices for gasoline and diesel. Oil prices rise after falling 3% in previous session 2022-07-01T04:00:00Z In addition, the gap between the wholesale price of gasoline, or the price refiners sell the fuel at, and its retail price is $1.20, significantly higher than the 87-cent average since November 2016. U.S. gasoline prices are finally falling. Why? 2022-07-14T04:00:00Z Fuel stocks rose as refiners ramped up activity, operating at 95% of capacity, the highest for this time of year in four years. Oil prices stable as market weighs fuel stocks build amid supply concerns 2022-06-30T04:00:00Z U.S. refiners have increased purchases of Ecuadorian crude since Washington imposed a phased wind-down of Russian oil imports. Ecuador's Oriente crude exports suspended, Napo flowing amid force majeure 2022-06-29T04:00:00Z State-controlled oil company YPF, which is Argentina’s largest producer and refiner, said Monday it would import 10 cargoes of diesel within the next 45 days to help ameliorate the shortage. Higher fuel prices spark social unrest in South America 2022-06-28T04:00:00Z In Europe Norwegian crude has become almost a direct replacement for Russia's similar Urals grade for refiners in Germany, Poland, Lithuania, Sweden and Finland as well as in Turkey, according to Equinor. Norway helping plug Europe oil gap as Russian barrels head east 2022-06-28T04:00:00Z To be effective, however, it would have to involve as many consuming countries as possible, in particular India, where refiners have been snapping up cheap Russian oil shunned by Western traders. G-7 leaders end summit pledging to hurt Russia economically 2022-06-28T04:00:00Z Due to sanctions, Russian oil is trading at a steep discount to international benchmark Brent, fattening the profit margins of refiners in India who turn crude into gasoline. Oil price cap could strike Russia’s war chest — if enforced 2022-06-27T04:00:00Z The refiner needs to provide additional information to determine whether the company needed a permit for changes to the unit, regulators said, adding that they will issue enforcement action once the investigation is concluded. Exclusive: Phillips 66 made renewable fuels without proper permits - regulators 2022-06-24T04:00:00Z That provided Indian refiners, which rarely used to buy Russian oil due to high freight costs, an opportunity to snap up low-priced crude. Exclusive: Russian oil tankers get India safety cover via Dubai company 2022-06-22T04:00:00Z Progressives and energy experts have advocated alternative ways to smooth out gas price shocks or siphon off some of the ballooning profits that oil companies and refiners have taken in while supply has remained constrained. Biden Will Push Congress for a Three-Month Gas Tax Holiday 2022-06-22T04:00:00Z Some refiners also depend on vacuum gasoil as an intermediate fuel. Explainer: Why is there a worldwide oil-refining crunch? 2022-06-22T04:00:00Z The combination of discounted Russian crude and higher prices at the pump also means that Indian refiners are profiting doubly, according to analysts. Western Move to Choke Russia’s Oil Exports Boomerangs, for Now 2022-06-21T04:00:00Z The combination of discounted Russian crude and higher prices at the pump also means that Indian refiners are doubly profiting, according to analysts. Asia is buying discounted Russian oil, making up for Europe’s cutbacks. 2022-06-21T04:00:00Z One reason for California’s higher fuel prices is the state’s environmental laws, which require refiners to follow specific gasoline formulas designed to reduce air pollution when the temperature is high. Gas prices are falling nationwide. Will California drivers see some relief? 2022-06-21T04:00:00Z Even as refineries have struggled to keep up with growing demand, refiners have added less than 1 percent to their capacity worldwide. Biden Will Push Congress for a Three-Month Gas Tax Holiday 2022-06-22T04:00:00Z Refiners, especially those that export a lot of fuel to other countries, such as U.S. refiners. Explainer: Why is there a worldwide oil-refining crunch? 2022-06-22T04:00:00Z Once the refiners turn oil into diesel or gasoline, no one can distinguish whether the fuels they ship to Europe and elsewhere come from Russian crude. Western Move to Choke Russia’s Oil Exports Boomerangs, for Now 2022-06-21T04:00:00Z The White House asked the CEOs of seven refiners and oil companies including Chevron to a meeting this week to discuss ways to reduce high energy prices. Chevron CEO says Biden should stop criticizing Big Oil, calls for change in approach 2022-06-21T04:00:00Z “We know where to put the blame, on the war. But oil companies, oil refiners they have responsibilities too. What they have been doing is taking advantage of the war.” Analysis-Are high prices unpatriotic or as American as you can get? 2022-06-21T04:00:00Z Michael K. Wirth, the chief executive of Chevron, one of seven refiners the White House asked to a meeting this week to discuss lowering their prices, rejected Mr. Biden’s criticisms on Tuesday. Biden Will Push Congress for a Three-Month Gas Tax Holiday 2022-06-22T04:00:00Z In addition, those refiners set to produce renewable diesel will also no longer produce gasoline or jet fuel. Surge in U.S. renewable diesel supply won't offset loss of petroleum diesel 2022-06-21T04:00:00Z He also has done a small amount of lobbying for Marathon, the country’s largest oil refiner. Biden’s ‘energy whisperer’ balances climate agenda, rising gas prices 2022-06-17T04:00:00Z Indian refiners similarly have snapped up cheap Russian oil shunned by Western countries. Exclusive: India's Russian coal buying spikes as traders offer steep discounts 2022-06-18T04:00:00Z Facing political pressure to get prices under control in a midterm election year, the Democratic president has urged U.S. oil refiners to produce more fuel. Biden hosts climate meeting amid high gas price pressure 2022-06-17T04:00:00Z U.S. refiners last month imported the most heavy crude in nearly two years, customs data showed, as they cranked up motor fuel production and sought to replace sanctioned Russian oil. EXCLUSIVE China firms in advanced talks with Qatar for gas field stakes, LNG offtake - sources 2022-06-17T04:00:00Z U.S. refiners joined the renewable fuels bandwagon two years ago as the pandemic slashed fuel demand and environmental pressures led several to choose de-carbonizing over shuttering facilities. Surge in U.S. renewable diesel supply won't offset loss of petroleum diesel 2022-06-21T04:00:00Z Higher heavy-crude imports are common in summer-driving months, but this year's increase comes as the Biden administration is calling on for refiners to ramp up output and shave profit margins to ease soaring prices. U.S. steps up heavy crude imports as Biden blasts profiteering 2022-06-16T04:00:00Z President Joe Biden is calling on oil refiners to lift production while criticizing their profits as Americans struggle with higher gasoline prices. Nucor, Hertz Global rise; Methode, iQIYI fall 2022-06-15T04:00:00Z However, refiner Motiva remains an important outlet for Saudi crude and its entry point into the world's biggest oil consuming market. EXCLUSIVE Aramco Trading plans to absorb Motiva Trading ahead of possible IPO 2022-06-15T04:00:00Z “Since the beginning of the year, refiners’ margins for refining gasoline and diesel have tripled, and are currently at their highest levels ever recorded.” Biden slaps oil companies for profiteering at the pump. 2022-06-15T04:00:00Z Still, U.S. refiners say they are not backtracking on renewable diesel projects. Surge in U.S. renewable diesel supply won't offset loss of petroleum diesel 2022-06-21T04:00:00Z Diesel stocks are draining, with U.S. inventories down 19% last month, and margins are soaring, boosting refiners' profits. U.S. steps up heavy crude imports as Biden blasts profiteering 2022-06-16T04:00:00Z “The crunch that families are facing deserves immediate action,” Biden wrote in the draft of a letter to oil refiners obtained by The Associated Press. Biden tells oil refiners: Produce more gas, fewer profits 2022-06-15T04:00:00Z The refiners, or teapots, tend to lack credit needed for long-term contracts with suppliers, leaving them reliant on the spot market for purchases and sensitive to near-term margins. Analysis: China's teapots crank back to life, aided by cheap Russian oil 2022-06-14T04:00:00Z The Gdansk terminal has room to receive as much as 36 million tonnes per year, leaving 9 million tonnes on top of the needs of Polish refiners that could be used for Germany. EXCLUSIVE Germany's refinery dilemma tests Russian oil ban resolve 2022-06-14T04:00:00Z Those barrels, many purchased by U.S. refiners, were expected to hit the market between May 15 and June 30, FGE said. Mars Sour discount at widest in two years as U.S. reserves hit market 2022-06-10T04:00:00Z Increased diesel production will feed exports to Latin America and Europe, delivering more profit to refiners. U.S. steps up heavy crude imports as Biden blasts profiteering 2022-06-16T04:00:00Z Energy Information Administration on Friday released estimates that “refinery utilization will reach a monthly average level of 96% twice this summer, near the upper limits of what refiners can consistently maintain.” Biden tells oil refiners: Produce more gas, fewer profits 2022-06-15T04:00:00Z Data about individual refiners is rarely made public, but as most teapots are based in Shandong, imports into that eastern province are often used as a proxy for overall teapot demand. Analysis: China's teapots crank back to life, aided by cheap Russian oil 2022-06-14T04:00:00Z Cepsa, a Spanish refiner controlled by Abu Dhabi's sovereign wealth fund, has developments in three Algerian oil fields and one gas field. Explainer: What does a diplomatic row mean for Spain's Algerian energy supplies? 2022-06-10T04:00:00Z But oil refiners - the companies which turn crude oil into diesel, petrol and other products - are seeing their profits rise substantially too. Refineries cash in as petrol prices soar 2022-06-09T04:00:00Z Barrels also headed to top Gulf Coast refiners after discharging at Houston, Port Arthur, and Corpus Christi, Texas. U.S. steps up heavy crude imports as Biden blasts profiteering 2022-06-16T04:00:00Z Refinery runs last month clawed back after steep falls in March and April as some independent refiners lifted production or returned from plant maintenance, said traders and analysts. China May crude oil imports edge up, but refined oil product exports slump 2022-06-09T04:00:00Z On the supply side, refiners' prioritisation of diesel over jet fuel may also underpin jet market sentiment. Asia's jet fuel refining profits hit all-time record, seen climbing further 2022-06-09T04:00:00Z Russian aluminium producer Rusal has filed a lawsuit against global miner Rio Tinto , seeking to win back access to its 20% share of the alumina produced at a jointly owned refiner in Queensland. Cambodia's ruling party wins local commune elections but new opposition gains 2022-06-06T04:00:00Z A source close to a major refinery owner argued that the refiners don’t set the margins themselves. Refineries cash in as petrol prices soar 2022-06-09T04:00:00Z U.S. refiners have boosted processing rates to pre-pandemic levels, running at an average 93.4% in the last 4 weeks, a level last seen in September 2019, data from the Energy Information Administration showed. U.S. steps up heavy crude imports as Biden blasts profiteering 2022-06-16T04:00:00Z Russian aluminium producer Rusal has filed a lawsuit against global miner Rio Tinto , seeking to win back access to its 20% share of the alumina produced at a jointly owned refiner in Queensland. Singapore PM appoints FinMin Wong as new deputy premier 2022-06-06T04:00:00Z Rio in April cut Rusal's access to production and management at the refiner under an Australian ban against exporting alumina and aluminium ores, including bauxite, to Russia. Russia's Rusal launches legal action against Rio Tinto over alumina refinery 2022-06-05T04:00:00Z Environmental Protection Agency is expected to release on Friday retroactive mandates for the volume of biofuels oil refiners were required to blend into their fuel for the years 2020 through 2022. Former Trump adviser Peter Navarro indicted for contempt of Congress 2022-06-03T04:00:00Z Environmental Protection Agency is expected to release on Friday retroactive mandates for the volume of biofuels oil refiners were required to blend into their fuel for the years 2020 through 2022. Uvalde survivor, victims' parents to testify at U.S. House panel 2022-06-03T04:00:00Z Environmental Protection Agency proposed that refiners blend 13.32 billion gallons of ethanol into the fuel pool, a move that angered farm-belt lawmakers and the industry who said it was too low. EXCLUSIVE Biden administration likely to retroactively raise ethanol blending volumes for 2021, sources say 2022-06-01T04:00:00Z As summer begins, sky-high demand and profits from motor fuels production has encouraged global refiners to buy lighter barrels. U.S. light, heavy oil-price spreads widen as gasoline demand grows 2022-06-01T04:00:00Z Operating U.S. refiners are running full-tilt to meet demand, especially for exports, which have surged to more than 6 million bpd, a record. Global refiners falter in efforts to keep up with demand 2022-05-31T04:00:00Z To compensate for the loss of Russian oil, European refiners have been turning to imports of West African crude, which are up 17% in April compared to the 2018-2021 average according to Petro-Logistics. Analysis-How the Ukraine conflict is reshaping global oil markets 2022-05-30T04:00:00Z But the government measures fuel supplied by refiners, traders and blenders, not retail sales to drivers at the pump. Gas Prices Hit New Highs as Summer Driving Season Starts 2022-05-27T04:00:00Z While the mandates have set up a multibillion-gallon market for corn farmers and ethanol producers, merchant refiners claim the requirements are costly and threaten to put them out of business. EXCLUSIVE Biden administration likely to retroactively raise ethanol blending volumes for 2021, sources say 2022-06-01T04:00:00Z Price differences between U.S. light and heavy crude oil grades have been widening, pricing data showed, as refiners around the world have been snapping up less-dense crude grades for more gasoline production. U.S. light, heavy oil-price spreads widen as gasoline demand grows 2022-06-01T04:00:00Z The U.S. ban on Russian imports has left refiners in the northeast United States short of feedstocks needed to make fuel. Global refiners falter in efforts to keep up with demand 2022-05-31T04:00:00Z In California, a state Energy Commission investigation into rising gas prices looked at retail margins, as well as those by refiners. Gas prices soar — and WA stands out ahead of Memorial Day travel 2022-05-27T04:00:00Z Indian refiners' April crude oil throughput was 8.5% higher on an annual basis, government data showed on Tuesday, as refiners ramped up runs to lap up high returns with help of discounted Russian oil purchases. Petrobras shares drop following CEO ouster, fuel price woes 2022-05-24T04:00:00Z Price differences between U.S. light and heavy crude oil grades have been widening, pricing data showed, as refiners around the world have been snapping up less-dense crude grades for more gasoline production. EXCLUSIVE Biden administration likely to retroactively raise ethanol blending volumes for 2021, sources say 2022-06-01T04:00:00Z Gulf refiners, its major suppliers, started redirecting cargoes to Europe, two of the sources said. EXCLUSIVE Bolsonaro fires Petrobras CEO who warned of diesel crisis 2022-05-24T04:00:00Z Japan's largest refiner, does not plan to reopen recently closed refineries, a spokesperson told Reuters. Global refiners falter in efforts to keep up with demand 2022-05-31T04:00:00Z Last week, farmers staged rallies across Indonesia to protest a 70% drop in prices of palm fruit as refiners stopped accepting supplies because palm oil storage filled up. Indonesia set to resume palm oil exports but policy uncertainty persists 2022-05-23T04:00:00Z Many European refiners have already stopped buying from Russia for fear of running afoul of sanctions or drawing negative publicity. China quietly increases purchases of low-priced Russian oil 2022-05-20T04:00:00Z On Tuesday, hundreds of palm oil farmers staged a rally in capital Jakarta demanding the removal of the export stoppage as storage at mills were filling up and refiners began to stop buying palm fruits. Indonesia hopes new programme will help lower cooking oil prices 2022-05-18T04:00:00Z India's oil imports from Russia are set to rise further to about 487,500 in May, since refiners have ramped up purchases from Russia, preliminary data from Refinitiv flows show. Russia jumps to 4th position as oil supplier to India - tanker data 2022-05-17T04:00:00Z World fuel demand has rebounded to pre-pandemic levels, but the combination of pandemic closures, sanctions on Russia and export quotas in China are straining refiners' ability to meet demand. Global refiners falter in efforts to keep up with demand 2022-05-31T04:00:00Z Some refiners and their union backers are encouraging the White House to lower the ethanol mandate below 15 billion gallons in 2022 to drive the credit costs down. Analysis: White House weighs inflation vs. farmers in new biofuel mandates 2022-05-16T04:00:00Z To counter slowing fuel sales and bulging inventories, state refiner Sinopec began reducing operations since the second half of March to around 86% of capacity, down from 92.5% earlier in the year. China's April oil refinery output plunges to two-year low as COVID curbs bite 2022-05-16T04:00:00Z Pipeline companies make most of their money from long-term contracts with producers and refiners that guarantee payment even if users do not ship the oil. U.S. oil pipeline operators gear up for higher shale output 2022-05-12T04:00:00Z India's oil imports in April were high as refiners raised runs to meet local demand and gain from robust refining margins, Haq said. Russia jumps to 4th position as oil supplier to India - tanker data 2022-05-17T04:00:00Z Many of those tanker operators or their customers — such as Reliance Industries, a major conglomerate and oil refiner in India — do other kinds of business that could be subject to U.S. or E.U. sanctions. Where are Russia’s barrels of oil going? 2022-05-11T04:00:00Z Trimming the mandates could also potentially take pressure off pump prices by reducing blending compliance costs for some oil refiners. Analysis: White House weighs inflation vs. farmers in new biofuel mandates 2022-05-16T04:00:00Z “Demand was terrible and margins were so thin that plants ended up losing more money if processing more crude oil,” said a trading manager with a Shandong-based refiner. China's April oil refinery output plunges to two-year low as COVID curbs bite 2022-05-16T04:00:00Z In the spring, refiners prioritize gasoline output ahead of warmer weather when driving picks up. U.S. retail gasoline prices hit new record, as refiners struggle to meet demand 2022-05-10T04:00:00Z China’s independent refiners, also known as teapots and situated mostly in the eastern province of Shandong, are key Iranian oil buyers. China's Iranian oil imports ease on poor margins, lure of Russian oil 2022-05-09T04:00:00Z The exports, however, were still higher than expected as refiners rushed to ease bulging stock levels amid weakening domestic fuel demand. China oil imports rebound in April, but weak fuel demand weighs on refiners 2022-05-09T04:00:00Z Renewable Fuel Standard, enacted in 2005, requires refiners to blend biofuels like ethanol into the fuel pool or buy credits from refiners who do. Analysis: White House weighs inflation vs. farmers in new biofuel mandates 2022-05-16T04:00:00Z Indian state refiners that have shown interest in a government-to-government agreement to buy Guyanese oil after testing the Liza sweet light crude last year, would also have to participate in the tender, the minister said. EXCLUSIVE Guyana in 'no rush' to draft new oil production-sharing pact -minister 2022-05-06T04:00:00Z The tightness in fuel markets is more alarming, they say, because it shows refiners are having trouble meeting demand even as more crude becomes available through big reserve releases. U.S. fuel prices surge faster than crude as exports tighten market 2022-05-06T04:00:00Z Indian refiners can also use the crude to make products like diesel and jet fuel and sell it at better-than-usual margins abroad. India Finds Russian Oil an Irresistible Deal, No Matter the Diplomatic Pressure 2022-05-04T04:00:00Z An embargo is “going to inflict tangible pain on the European refiner and, in consequence, on the European customer,” Mr. Katona said. Europe Is About to Ban Russian Oil: What’s Next? 2022-05-03T04:00:00Z The program has been an economic boon for states like Iowa and Nebraska, but smaller refiners who have not invested in blending facilities say the cost of buying credits threatens their plants. Analysis: White House weighs inflation vs. farmers in new biofuel mandates 2022-05-16T04:00:00Z As well as steering clear of directly backing Russia’s war effort, China has avoided entering new contracts between its state oil refiners and Russia, despite steep discounts. U.S. relieved as China appears to heed warnings on Russia 2022-05-03T04:00:00Z Groups representing refiners and fossil fuel companies question whether the waiver will result in savings for consumers. EPA waives ban on summer sales of E15 gasoline in bid to lower prices 2022-04-29T04:00:00Z Gulf Coast refiners prefer to run heavy sour grades, leaving most lighter crudes available for exports, traders said. More of Europe's crude supply is coming from deep in the heart of Texas 2022-04-29T04:00:00Z Greece's biggest oil refiner relies on Russian crude for about 15% of its intake. Factbox: Who is buying Russian crude oil and who has stopped 2022-04-28T04:00:00Z "Geopolitical dynamics should support U.S. refiners on wide natural gas spreads, though some impacts may be less visible with first quarter earnings than in future quarters," said Jason Gabelman, refining analyst at Cowen. U.S. refiners set for strong start to 2022 as fuel prices surge worldwide 2022-04-25T04:00:00Z The price rise raised working capital requirements for oil refiners, who were holding lower inventories than normal in anticipation of a pullback in prices, said a Mumbai-based dealer with a global trading firm. Indonesia's palm oil export ban leaves global buyers with no plan B 2022-04-25T04:00:00Z Chief Executive Michael Hennigan said on Thursday he will continue leading the largest U.S. crude oil refiner while he undergoes treatment for throat cancer, according to a letter released by the company. Marathon Petroleum CEO Hennigan to remain on job during cancer treatment 2022-04-21T04:00:00Z "With a number of refiners currently shunning Russian crude, the demand for replacement barrels is adding to the call on U.S. crude," said David Wech, chief economist at oil analytics firm Vortexa. More of Europe's crude supply is coming from deep in the heart of Texas 2022-04-29T04:00:00Z Sweden's largest refiner, owned by Saudi billionaire Mohammed Hussein al-Amoudi, has "paused" new orders of Russian crude, which accounted for around 7% of its purchases, replacing them with North Sea barrels. Factbox: Who is buying Russian crude oil and who has stopped 2022-04-28T04:00:00Z The talks coincided with Washington's ban on Russian oil imports, a measure that will take full effect this week, potentially hurting U.S. refiners and contributing to rising fuel prices. EXCLUSIVE U.S. oil services firms join push for revamped Venezuela license 2022-04-21T04:00:00Z As Indonesia has allowed loading until April 28, consuming countries will have enough supply for the first half of May, but could face shortages from the second half, said a refiner based in Dhaka. Indonesia's palm oil export ban leaves global buyers with no plan B 2022-04-25T04:00:00Z Normally, U.S. refiners ramp up gasoline output in the spring and summer to meet driving-season demand, while profitability for distillates like diesel or jet ebbs. For oil refiners, now is the summer of distillate content 2022-04-21T04:00:00Z Garland will remain as executive chairman of the board of directors and Mark Lashier, president and chief operating officer, will assume the CEO’s role, the U.S. refiner said. Phillips 66 CEO Garland to step down 2022-04-12T04:00:00Z The Swiss refiner, which owns 51.4% in Germany's Bayernoil refinery, has said it does not plan to enter into new deals to buy Russian crude. Factbox: Who is buying Russian crude oil and who has stopped 2022-04-28T04:00:00Z Groups representing refiners and fossil fuel companies question if the waiver will result in savings for consumers. White House promises 10C/ savings from higher ethanol, critics call it drop in the bucket 2022-04-12T04:00:00Z South Asian refiners will only slowly release oil into the market as they know supplies are limited, he said. Indonesia's palm oil export ban leaves global buyers with no plan B 2022-04-25T04:00:00Z That has boosted profits for U.S.-based refiners for distillates. For oil refiners, now is the summer of distillate content 2022-04-21T04:00:00Z Emergency fuel waivers are reserved for acute supply disruptions, such as those resulting from a hurricane, said Chet Thompson, president & CEO of the American Fuel & Petrochemical Manufacturers, which represents petroleum refiners. EXPLAINER: Why Biden is allowing more ethanol in gasoline 2022-04-12T04:00:00Z Economists say that while refiners may see some temporary benefits, they’re squeezed by the same forces that crush retail profit margins. Analysis | Why gasoline prices remain high even as crude oil prices fall 2022-04-11T04:00:00Z The American Fuel & Petrochemical Manufacturers, a refiners trade group, said E15 is too small of a market to benefit consumers. White House promises 10C/ savings from higher ethanol, critics call it drop in the bucket 2022-04-12T04:00:00Z At one point, a contraband book of New Age philosophical gibberish makes its way into the department, and the refiners treat it like the most important piece of literature ever written. Severance’s first season is a wonderfully tense workplace horror story 2022-04-08T04:00:00Z Russia is one of the world's biggest gold producers, but the country's refiners were barred from selling bullion into the London market, the world's largest, after the Kremlin sent troops into Ukraine in February. Russia's central bank says it will stop buying gold at a fixed price 2022-04-07T04:00:00Z China’s state oil refiners are avoiding new oil contracts with Russia despite steep discounts, heeding Beijing’s call for caution as western sanctions mount against Russia, sources told Reuters. Analysis-China's balancing act over Ukraine offers Washington a subtle 'win' 2022-04-07T04:00:00Z Reuters reported Wednesday that China’s state oil refiners are honoring existing Russian oil contracts, but have so far avoided new ones despite steep discounts, effectively observing Western sanctions imposed after the Feb. 24 invasion. China poised to exploit Russia in exchange for economic help in war 2022-04-06T04:00:00Z Sanction worries have driven some independent refiners known as teapots, once a dynamic group of customers consuming about a third of China's Russian oil imports, to fly under the radar. Exclusive: China state refiners shun new Russian oil trades 2022-04-06T04:00:00Z Western European refiners are unable to make up the gap in supply due to their own constraints - Russia is a major exporter of middle distillates like jet fuel to Europe. U.S. East Coast jet fuel costs soar on shortage fears 2022-04-04T04:00:00Z It’s not always possible to know where the oil will end up, he said, but traders could quietly sell it to refiners that cared less about their reputation than about price. A Tanker’s Giant U-Turn Reveals Strains in the Market for Russian Oil 2022-04-02T04:00:00Z State-run Sinopec, Asia’s biggest oil refiner, also suspended talks for a major petrochemical investment and a gas marketing venture in Russia. Analysis-China's balancing act over Ukraine offers Washington a subtle 'win' 2022-04-07T04:00:00Z The quarterly profit echoed stronger margins and higher net at independent refiners whose earnings jumped as U.S. demand for gasoline and diesel rose last year. Citgo Petroleum lost $160 million in 2021 from impact of storm 2022-04-01T04:00:00Z To keep oil flowing, these nimble refiners are deploying alternative payment mechanisms such as cash transfer, paying after cargo is delivered and using Chinese currency. Exclusive: China state refiners shun new Russian oil trades 2022-04-06T04:00:00Z Mr. Joswick warned that as refiners rushed to make more diesel, they would inevitably produce less gasoline and other products, which could raise energy prices across the board. Soaring Cost of Diesel Ripples Through the Global Economy 2022-03-31T04:00:00Z There are also suggestions that trade with Iran could resume under a barter mechanism which Indian oil refiners could use to buy its oil. Ukraine crisis: Why India is buying more Russian oil 2022-03-28T04:00:00Z European oil refiners are currently studying what the new EU measures mean exactly for purchases of Russian crude and some are looking for oil from elsewhere while awaiting clarification, traders said. Commodities trading houses help keep Russian oil flowing 2022-03-25T04:00:00Z Gladkikh allegedly conspired to hack a Saudi Arabian oil refiner’s sulfur recovery systems — which, depending on the severity of the malfunction, could have caused explosions or released toxic gases, officials said. U.S. charges 4 Russian government workers with hacking energy sector 2022-03-24T04:00:00Z It will be difficult for European refiners to increase output of middle distillates, which include diesel and heating oil, Cooper said, so Europe should find other sources of diesel, probably at higher prices. Diesel shortage in Europe threatens to slow economic growth 2022-03-24T04:00:00Z "We are telling them that it will not have a large impact on gasoline prices. ... to lower gas prices, it starts with lowering oil prices," said a top official at a U.S. refiner. Biden's menu of options on high gasoline prices is not appetizing 2022-03-23T04:00:00Z When the Trump administration put sanctions on Venezuelan petroleum, refiners started importing Russian petroleum products because they are roughly similar to U.S. petroleum products. Analysis | The truth about gas prices and oil production 2022-03-15T04:00:00Z The private refiner mostly buys its petrochemical feedstock from the Middle East and the United States. India's Reliance may avoid Russian fuel after sanctions, official says 2022-03-17T04:00:00Z On Wednesday, tanker Confidence that had docked at a Russian port and was chartered by U.S. refiner Phillips 66 was anchored near New York harbor with a cargo of vacuum gas oil. Russia-linked oil, fuel cargoes rush to U.S. before ban starts 2022-03-16T04:00:00Z Sweden's largest refiner, owned by Saudi billionaire Mohammed Hussein al-Amoudi, told Reuters on March 11 that it had "paused all new orders of Russian crude oil pending sanctions". Factbox: Countries and companies shun Russian crude over Ukraine invasion 2022-03-16T04:00:00Z U.S. oil refiners are required to blend some 15 billion gallons of ethanol into the nation’s gasoline pool each year, a policy meant to help corn farmers, reduce import dependence, and lower emissions. U.S. ethanol industry banks on carbon capture to solve emissions problem 2022-03-11T05:00:00Z Now that Russia has been sanctioned, refiners probably will have to adjust to a cleaner type of crude. Analysis | The truth about gas prices and oil production 2022-03-15T04:00:00Z Those refiners, led by Marathon and Chevron, already are replacing Russian oil with supplies from South America, northwest Europe and the Middle East, Lipow said. California's high gas prices have a little-known ingredient: Russian oil 2022-03-09T05:00:00Z Shippers are afraid for the safety of their tankers sailing the Black Sea, and refiners are concerned that sanctions will block deliveries of supplies they purchase. Loss of Russian Oil Leaves a Void Not Easily Filled, Straining Market 2022-03-09T05:00:00Z The market took note of the London Platinum and Palladium Market's statement that Russian refiners can continue to sell platinum and palladium in London. Gold heads for record peak as Ukraine, inflation risks mount 2022-03-08T05:00:00Z Now, prices are surging past $120 a barrel as buyers shun Russian crude, with many refiners fearing that sanctions could be imposed in the future. EXPLAINER: What would happen if the US banned Russian oil? 2022-03-08T05:00:00Z U.S. lawmakers have called for bans on Russian oil but President Joe Biden's administration has sanctioned Russian oil tankers only, leading trading houses and refiners to avoid supplies carried on Russian Sovcomflot tankers. Soaring prices set stage for eventual reversal of oil, gas demand 2022-03-08T05:00:00Z And refiners are entering maintenance season as the state switches to summer gasoline, which is more costly and difficult to make. California's high gas prices have a little-known ingredient: Russian oil 2022-03-09T05:00:00Z Russian oil sales have already slowed sharply because many refiners, shippers and other companies are shunning the country. Car Industry Woes Show How Global Conflicts Will Reshape Trade 2022-03-07T05:00:00Z Although oil is a relatively flexible commodity, there are many grades of crude, and a refiner cannot always substitute one for another. Stocks extend their rout as the Ukraine war and its economic fallout intensify. 2022-03-07T05:00:00Z Even without sanctions, some U.S. refiners have severed contracts with Russian companies. EXPLAINER: What would happen if the US banned Russian oil? 2022-03-08T05:00:00Z A spokesperson for Ampol, Australia’s only other refiner, said the company has not bought Russian crude oil or products since the conflict started. Australian refiners cease purchase of Russian crude oil, voice support for Ukraine 2022-03-08T05:00:00Z In addition, Asian refiners are competing for Alaskan and other sources of crude to replace Russian supplies. California's high gas prices have a little-known ingredient: Russian oil 2022-03-09T05:00:00Z Bankers and traders have said the removal of Russian refiners would have little impact on the market and Russian metal would still find buyers in places such as China and the Middle East. London bullion market bars Russian gold refineries 2022-03-07T05:00:00Z Washington’s sanctions on Venezuelan crude, for instance, led refiners in the United States to buy more Russian oil as a substitute, raising import levels. Stocks extend their rout as the Ukraine war and its economic fallout intensify. 2022-03-07T05:00:00Z “If Venezuelan oil can come back to serve that market, that would be really good for these refiners and might ease their trouble,” Monaldi said. In rare trip to Venezuela, U.S. officials discuss that nation’s oil exports amid a proposal to ban Russian fuel 2022-03-06T05:00:00Z Most refiners around the world have also shunned Iranian oil for several years and they would need two to three months to finalise technical arrangements to enable imports from Iran to resume, analysts said. Analysis: Iranian oil could take months to flow after a nuclear deal 2022-03-04T05:00:00Z He said a ban could lead to declines in American inventories for a week or two, while refiners and traders replaced the Russian oil from other places. Lawmakers Push to Ban Russian Oil Imports, Amid White House Resistance 2022-03-03T05:00:00Z Earlier this week, the White House announced new sanctions against Russia and its ally, Belarus, including export controls aimed at Russia’s oil refiners. EXPLAINER: A look at West’s tightening sanctions on Russia 2022-03-03T05:00:00Z “Most European majors are not touching Russian oil, and only a few European refiners and trading firms are still in the market,” the firm said in a note to clients. As oil soars, OPEC and its allies decline to offer relief. 2022-03-02T05:00:00Z “Cargoes have already been rejected by European refiners in the market, because people are afraid sanctions might be coming, and so they don’t want to be caught with some cargo they can’t resell,” Jaffe said. OPEC, allies weigh oil output amid high prices, Russian war 2022-03-02T05:00:00Z As European refiners buy more oil from places like Saudi Arabia, Russian companies are increasingly trying to sell their crude to refineries in China and other Asian countries by offering them discounts. Russian Oil Finds Few Buyers Even at Deep Discounts 2022-03-01T05:00:00Z The price for the Russian flagship Urals crude has collapsed, with global refiners halting their purchases of oil from the country. Lawmakers Push to Ban Russian Oil Imports, Amid White House Resistance 2022-03-03T05:00:00Z At the forefront of China's buying are its independent refiners, or "teapots", who, traders said, are being enticed by the discounted prices, especially as their domestic refining margins got pinched under tight regulatory scrutiny. China buys more Iranian oil now than it did before sanctions, data shows 2022-03-02T05:00:00Z “Asian and European refiners have raised palm oil purchases for near-month shipments to replace sunoil. This buying has lifted palm oil to irrational price level,” said a Mumbai-based dealer with a global trading firm. Palm oil becomes costliest vegoil as Ukraine war halts sunoil supply 2022-03-01T05:00:00Z Washington has five refineries in the state that process over 600,000 barrels of oil a year, making it the fifth largest refiner in the country. WA senator apologizes for remarks about Oregon governor 2022-02-25T05:00:00Z Such a move, experts said, would force American refiners to rely on other suppliers and Moscow to find other buyers for around 700,000 barrels a day. Why the Toughest Sanctions on Russia Are the Hardest for Europe to Wield 2022-02-25T05:00:00Z It has also led refiners to draw down their inventories, he said. What’s behind California’s painful gas prices? Oil, taxes and geopolitics 2022-02-24T05:00:00Z Utilities, chemical makers and oil refiners are counting on CCS to allow them to reduce atmospheric carbon emissions by burying them underground, to help them meet climate change goals. N. America's old pipelines seek new life moving carbon in climate push 2022-02-23T05:00:00Z Most of the incremental demand for palm oil is fulfilled by Malaysia, as Indonesia has put restriction on the exports, said an Indian refiner. Palm oil becomes costliest vegoil as Ukraine war halts sunoil supply 2022-03-01T05:00:00Z Local refiners acquire this crude at a discount to other blends, given lower transportation costs. EXCLUSIVE U.S. oil producer EP Energy seeks to save deal from regulator -sources 2022-02-15T05:00:00Z A new arrangement for Chevron also could improve ties with India, whose refiners in the past were among the top receivers of Venezuelan oil, supplied by U.S-authorized firms. Exclusive-U.S. weighs Chevron request to take Venezuela oil for debt payments -sources 2022-02-07T05:00:00Z California’s environmental rules require refiners to follow specific gasoline formulas designed to reduce air pollution when the temperature is high. What’s behind California’s painful gas prices? Oil, taxes and geopolitics 2022-02-24T05:00:00Z For existing pipelines, EnLink will transport carbon from refiners or other polluters at lower pressure to new pump stations, which will then raise pressure through new lines. N. America's old pipelines seek new life moving carbon in climate push 2022-02-23T05:00:00Z U.S. refiners are still running plants at lower rates than the five-year average to avoid producing too much jet fuel, where demand still lags 2019 levels. U.S. heating oil, diesel stocks dwindle as demand rises 2022-02-04T05:00:00Z The Environmental Protection Agency on Friday announced that it had finalized a rule that will give oil refiners more time to comply with biofuel blending mandates, including those from previous years. U.S. appeals court upholds California net neutrality law 2022-01-28T05:00:00Z Although refiners had to deal with surging crude oil costs, gasoline and jet fuel demand rocketed in the last three months of 2021 as domestic and international travel opened up in the United States. Fuel demand rebound powers Phillips 66 profit beat 2022-01-28T05:00:00Z The buyers typically are refiners that convert the crude into products for consumers or industrial users, including transportation fuels, propane, ammonia and the feedstocks used in some plastic goods. What’s behind California’s painful gas prices? Oil, taxes and geopolitics 2022-02-24T05:00:00Z Refiners could lose as much as a half-million barrels of transportation fuel sales a day to Mexico, but energy experts say refiners would be able to find other markets. In Quest for Energy Independence, Mexico Is Buying a Texas Oil Refinery 2022-01-18T05:00:00Z When inventories are low, refiners generally respond by ramping up output. U.S. heating oil, diesel stocks dwindle as demand rises 2022-02-04T05:00:00Z Renewable Fuel Standard, oil refiners must blend billions of gallons of biofuels or buy compliance credits from those that do. U.S. appeals court upholds California net neutrality law 2022-01-28T05:00:00Z Numerous petroleum refiners across North America are planning to convert facilities to process waste and vegetable oils into renewable fuels, a small but growing market backed by government incentives. Less than half of projected U.S. renewable diesel output likely by 2025 - study 2022-01-18T05:00:00Z After the wildfire spread of Omicron in the fourth quarter, oil demand has not been badly hit in a surprise to refiners that had reduced purchases. Analysis: Physical crude oil market steams ahead after Omicron blip 2022-01-16T05:00:00Z More than 300 publicly traded companies list Marsam as a refiner in responsible mining disclosures they are required to file with the U.S. Tarnished Gold: Illegal Amazon gold seeps into supply chains 2022-01-12T05:00:00Z In Europe, record high natural gas prices have led European refiners to reduce production to save on those costs. U.S. heating oil, diesel stocks dwindle as demand rises 2022-02-04T05:00:00Z Marathon is the largest U.S. refiner, operating 16% of national crude oil refining capacity, according to the latest survey by the U.S. Labor talks begin Thursday on national U.S. refinery workers contract 2022-01-12T05:00:00Z Higher regulatory costs have refiners threatening to close refineries and shed high-paying union jobs. EXCLUSIVE Biden weighing cuts to 2022 ethanol blending mandate proposal- sources 2022-01-12T05:00:00Z Some oil refiners have been exempted from the requirements in previous years because they were able to prove financial harm, in what are known as Small Refinery Exemptions. Explainer: What is at stake for the U.S. biofuel blending law in 2022 and beyond 2022-01-11T05:00:00Z The refiner has been virtually the only supplier to Brazil’s mint over the past decade, according to data provided to the AP through a freedom of information request. Tarnished Gold: Illegal Amazon gold seeps into supply chains 2022-01-12T05:00:00Z The absence of a federal standard has led at least one regional air quality regulator in California to attempt a crack-down on these emissions, an effort that has sparked litigation from oil refiners located there. Harmful soot unchecked as Big Oil battles EPA over testing 2022-01-06T05:00:00Z “Tesla works directly with mineral producers and refiners that are aligned with our mission and are committed to supplying sustainably and responsibly sourced materials,” the report said. Can a Tiny Territory in the South Pacific Power Tesla’s Ambitions? 2021-12-30T05:00:00Z Microsoft reported 46 “major” slavery-related issues, including fees paid by suppliers to recruiters, while Apple uncovered seven metal smelters or refiners that didn’t meet the company’s sourcing requirements. Microsoft, Apple suppliers exposed by anti-slavery law 2021-12-21T05:00:00Z Meanwhile, merchant refiners say the costs of the program are too high and threaten jobs and business at smaller refineries. Explainer: What is at stake for the U.S. biofuel blending law in 2022 and beyond 2022-01-11T05:00:00Z Marsam is one of just two refiners in Brazil certified as compliant with RMI’s standards for responsible sourcing of gold, having successfully completed two independent audits. Tarnished Gold: Illegal Amazon gold seeps into supply chains 2022-01-12T05:00:00Z As a result, the price of credits that refiners and other polluters can generate has dropped sharply - thereby making it less likely that companies will invest in more production facilities in coming years. U.S. energy firms push states for carbon markets to spur renewable fuel growth 2021-12-13T05:00:00Z Currently most gasoline sold in the U.S. is 10% ethanol, and petroleum refiners want the government requirement to be met with that level of sales. EPA lowers ethanol requirements, citing reduced demand 2021-12-07T05:00:00Z Apple closely monitors plans to fix issues found in metal smelters and refiners within its supply chain. Microsoft, Apple suppliers exposed by anti-slavery law 2021-12-21T05:00:00Z Traders said Chinese buyers would not be easily tempted by more affordable barrels, with independent refiners allocated slimmer import quotas this year and state companies already well supplied. Omicron threatens Asia oil demand just as pricing favours Atlantic crude 2021-12-07T05:00:00Z But it doesn’t visit the mines themselves — something that RMI requires of refiners operating only in high-risk jurisdictions. Tarnished Gold: Illegal Amazon gold seeps into supply chains 2022-01-12T05:00:00Z Nearly every U.S. independent petroleum refiner has announced plans to produce fuel from waste and vegetable oils because the incentives can prove profitable for their industries. U.S. energy firms push states for carbon markets to spur renewable fuel growth 2021-12-13T05:00:00Z “The RFS is broken and must be fixed. EPA’s proposal will make matters worse for refiners and consumers alike,’’ said Chet Thompson, the group’s president and CEO. EPA lowers ethanol requirements, citing reduced demand 2021-12-07T05:00:00Z Singapore's complex margins, a barometer for Asian refiners' profitability, stood at $2.15 a barrel on Friday, the lowest since June 30, Refinitiv data showed. Omicron threatens oil demand recovery, already hit by Europe's rising COVID cases 2021-11-29T05:00:00Z Sugar announced it reached an agreement to acquire the Imperial Sugar Company, one of the largest sugar refiners in the nation. US sues to halt sugar merger, says it would harm competition 2021-11-23T05:00:00Z As part of that process, refiners are expected to trace activities all the way back to the mine whenever red flags are detected. Tarnished Gold: Illegal Amazon gold seeps into supply chains 2022-01-12T05:00:00Z That is the result of rising renewable diesel sales as refiners plan to boost output of the fuel, according to industry experts. U.S. energy firms push states for carbon markets to spur renewable fuel growth 2021-12-13T05:00:00Z The White House has also redoubled pressure on big gasoline refiners, slowing down mergers in the oil and gas industry and asking the Federal Trade Commission to investigate possible anti-competitive behavior - something others have tried. Explainer: In gasoline-guzzling U.S., high pump prices can be political poison 2021-11-22T05:00:00Z In China, tight border controls may keep Omicron at bay from the world's top oil importer, while the fall in prices could benefit Chinese refiners and consumers, said an analyst from a Beijing-based consultancy. Omicron threatens oil demand recovery, already hit by Europe's rising COVID cases 2021-11-29T05:00:00Z It plans to subsidise oil refiners in the hope of capping wholesale gasoline and fuel prices to ease the pain to households and firms from rising oil costs. Japan considers releasing oil reserves to curb prices -Kyodo 2021-11-20T05:00:00Z Petroleum refiners have ramped up production of green fuels, supported by tax credits such as the biofuel blenders tax credit and various low-carbon fuel standards. U.S. lawmakers weigh tax credit for soybean oil-based aviation fuel 2021-11-18T05:00:00Z He cited the cancellation of the Keystone XL pipeline to bring oil from Canada's Western tar sands to U.S. refiners, and bans on drilling on Federal lands. Asia looks at SPR shock treatment for high oil prices after U.S. request 2021-11-18T05:00:00Z Following the trial at Sinopec subsidiary plant in Tianjin, the refiner will follow up with building a one million tonne per year crude-to-olefin plant, it said, without giving further details. China's Sinopec completes successful trial of crude to olefin technology 2021-11-17T05:00:00Z Several fuel refiners and airlines are experimenting with Sustainable Aviation Fuels, known as SAFs. Can Hydrogen Save Aviation’s Fuel Challenges? It’s Got a Way to Go. 2021-11-15T05:00:00Z A release from the strategic reserve could help modestly, but any impact would have to wait until late in the winter for the oil to be processed by refiners and shipped. With Gas Prices High, Calls Grow to Tap Strategic Oil Reserve 2021-11-15T05:00:00Z The changes could mean U.S. petroleum refiners will consider producing more sustainable aviation fuel at scale. U.S. lawmakers weigh tax credit for soybean oil-based aviation fuel 2021-11-18T05:00:00Z In the past, refiners purchased biofuel credits daily to match their production, even though they could defer buying if they believe the prices are too high or to manage cash flow. Analysis-U.S. oil refiners bet the farm Biden will back them on biofuels 2021-11-11T05:00:00Z Citing a report from state refiner Sinopec Corp , Liu said downstream consumption of refined oil products including diesel, gasoline, kerosene and fuel oil emits one billion tonnes of CO2 each year. China's ZPC studies crude to petrochemical technology to cut carbon 2021-11-10T05:00:00Z "Deep discounts of Iranian oil and the new import quotas supported demand from Chinese independent refiners," said Emma Li, tanker tracker Vortexa Analytics' China market analyst, adding that strong Chinese refining margins also lent support. China's Iran oil purchases rebound on lower prices, fresh quotas 2021-11-10T05:00:00Z The shortage is threatening to halt delivery trucks carrying gasoline and other fuels to local gas stations, an official from one of South Korea’s major refiners said. Urea shortage threatens South Korea's transport, energy industries 2021-11-09T05:00:00Z Beijing's crackdown on illicit trading in crude oil quotas and import allowances for independent oil refiners also weighed on purchases. China's crude oil imports in Oct fall to lowest in three years 2021-11-07T04:00:00Z Merchant refiners have long tried to dismantle a U.S. law requiring them to blend biofuels like ethanol into their fuel or buy credits from competitors who do. Analysis-U.S. oil refiners bet the farm Biden will back them on biofuels 2021-11-11T05:00:00Z The firm, Asia's largest oil refiner, expects China's gasoline consumption to peak around 2025/26, company executives told analysts and reporters. Sinopec expects Q4 sales prices for natural gas to rise 20% or more 2021-10-29T04:00:00Z Officially, China has not imported any oil from Iran since the start of 2021, according to its customs data, as state-owned refiners remain sidelined by the U.S. sanctions. China's Iran oil purchases rebound on lower prices, fresh quotas 2021-11-10T05:00:00Z Lynch is a former BP executive who joined the refiner two years ago. EXCLUSIVE U.S. oil refiner Citgo Petroleum readies new board shakeup 2021-10-28T04:00:00Z “Indian refiners see crude demand roaring back as driving picks up and on expectations for a strong return of international travel in November.” India September crude imports hit 5-month high as business activity pick-up 2021-10-28T04:00:00Z But, now, some of these same refiners are building up record short positions in the credits. Analysis-U.S. oil refiners bet the farm Biden will back them on biofuels 2021-11-11T05:00:00Z Phillips 66 Partners was formed by the refiner to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum products and natural gas liquids pipelines, terminals and other midstream assets. Phillips 66 to acquire remaining stake in partnership for $3.4 billion 2021-10-27T04:00:00Z China's June and July Iran shipments dipped as Beijing clamped down on irregular quota trading and independent refiners' import permits dried up. China's Iran oil purchases rebound on lower prices, fresh quotas 2021-11-10T05:00:00Z U.S. demand for crude among refiners making gasoline and diesel has surged as the economy has recovered from the worst of the pandemic. U.S. demand for oil surges, depleting tanks in Oklahoma 2021-10-27T04:00:00Z Earlier this month, data showed fuel consumption and refiners’ crude oil throughput ticked higher in September from the preceding month. India September crude imports hit 5-month high as business activity pick-up 2021-10-28T04:00:00Z The refiner is caught between infighting among political groups that control its boards and a U.S. federal court that is ready to begin a forced auction as early as next month. EXCLUSIVE Citgo boards in last-ditch talks with Washington to keep creditors at bay 2021-10-22T04:00:00Z The two petroleum refiners are planning to convert oil refineries in the San Francisco-area county to produce transportation fuel from feedstocks such as soybean oil and animal fats that produce less greenhouse gas emissions. California county says Marathon, Phillips projects may need to shrink due to environmental impact 2021-10-15T04:00:00Z The Singapore complex refining margin, a proxy for Asian refiners' profitability, jumped to more than $7 a barrel earlier this month, the highest since September 2019. Gasoil drives Asian refinery margins back to pre-COVID levels 2021-10-14T04:00:00Z Democratic lawmakers called on President Joe Biden to halt a plan to slash the amount of biofuels that oil refiners must blend into their fuel, according to a letter dated Monday. U.S. Democratic lawmakers urge Biden not to reduce biofuel mandates 2021-09-28T04:00:00Z Similarly, India, the second biggest importer of crude oil, has also ramped up its oil imports, to a three-month high in August, as refiners begin to stock up as they project higher demand going forward. UK fuel crisis threatens to disrupt health services and companies; Brent crude hits $80 – business live 2021-09-28T04:00:00Z However, recovering demand is expected to boost profits for refiners and create more room for returning or new production. APPEC-Global oil demand seen reaching pre-pandemic levels by early 2022 2021-09-27T04:00:00Z India’s oil imports hit a three-month peak in August, rebounding from nearly one-year lows reached in July, as refiners in the second-biggest importer of crude stocked up in anticipation of higher demand. Oil gains for fifth day amid supply constraints 2021-09-27T04:00:00Z The rebound will incentivise Asian refiners to boost output in the coming months although regional supplies of refined oil products are expected to stay capped by declining Chinese exports and low inventories. Gasoil drives Asian refinery margins back to pre-COVID levels 2021-10-14T04:00:00Z Though the farm lobby supports the mandates, refiners say they are too costly and threaten to put refineries and their workers out of business. U.S. Democratic lawmakers urge Biden not to reduce biofuel mandates 2021-09-28T04:00:00Z Still, U.S. oil refiners on the hunt for replacements for the U.S. Oil looks set to test 3-year high as supplies tighten 2021-09-24T04:00:00Z Gulf refiners and companies in South Korea and China, two top destinations for U.S. crude exports. U.S. oil refiners use Iraqi, Canadian crudes to replace storm losses -traders 2021-09-23T04:00:00Z But oil refiners say that the mandates are too costly and threaten to put refineries and their workers out of business. EXCLUSIVE Biden administration mulls big cuts to biofuel mandates in win for oil industry -document 2021-09-22T04:00:00Z Also, Asian refiners would need at least a month or two to raise output as some plants are still shut for maintenance in October, a Singapore-based gasoil trader said. Gasoil drives Asian refinery margins back to pre-COVID levels 2021-10-14T04:00:00Z Republican and Democratic lawmakers from Pennsylvania sent separate letters earlier this month to Biden, urging his administration reform the RFS to help independent U.S. refiners. U.S. Democratic lawmakers urge Biden not to reduce biofuel mandates 2021-09-28T04:00:00Z |
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