Refined Products Archives - Page 3 of 32 -

Exclusive-Rosneft oil refinery in Germany warns of risks from US sanctions

February 10, 2026

(Investing) – BERLIN/LONDON – Management at a Russian-owned oil refinery in Germany have privately warned Berlin that U.S. sanctions are hurting its business and threatening fuel supply for the country’s capital and the region, according to correspondence seen by Reuters. In a January letter, management of the PCK Schwedt refinery, controlled by Rosneft, made an “urgent appeal” to economy and energy minister

US refiners struggle to absorb sudden surge in Venezuelan oil imports

February 3, 2026

(BOE Report) – Oil refiners on the U.S. Gulf Coast are struggling to absorb a rapid surge in Venezuelan crude shipments since last month’s flagship $2 billion supply deal between Caracas and Washington, pressuring prices and leaving some volumes unsold, according to traders and shipping data. The soft U.S. demand represents an early obstacle for President Donald Trump’s hopes of

Marathon Petroleum beats earnings expectations as refining margins surge

February 3, 2026

(Oil Price) – Marathon Petroleum (NYSE: MPC) beat fourth-quarter earnings expectations by a mile as refining margins surged in the latter part of 2025. One of the biggest U.S. refiners on Tuesday reported fourth-quarter adjusted net income of $1.2 billion, or $4.07 per share, trouncing the analyst consensus estimate of $2.72 earnings per share in The Wall Street Journal. The fourth quarter of 2025 adjusted

Chevron shares jump as Trump signals Venezuela oil revival

January 5, 2026

(World Oil) – U.S. oil stocks jumped Monday after President Donald Trump pledged to revive the Venezuelan energy sector following the capture of Nicolás Maduro over the weekend. Chevron Corp., the only American oil major currently operating in the South American nation under special U.S. permission, surged as much as 6.3%, the most since April. ConocoPhillips and Exxon Mobil Corp.

Global oil refining profits surge and may stay strong

November 18, 2025

(Investing)– Global refining margins have hit multi-year highs in November due to sanctions on Russia, refinery outages and maintenance, according to LSEG data and analysts, and some see little respite without more plants being built in the Western world. The strength in margins contrasts with crude oil markets coming under pressure from an expected oversupply, and has defied expectations earlier

Valero trumps Q3 earnings estimates as refining margins soar

October 23, 2025

(Oil Price)– Valero Energy Corporation (NYSE: VLO) easily beat analyst forecasts of third-quarter earnings as refining margins surged by 44% from a year earlier, exceeding the average increase in U.S. refining margins. Valero reported on Thursday an adjusted net income of $1.1 billion, or $3.66 per share, for the third quarter of 2025. This compares to $371 million, or $1.16 per share,

India’s second-largest refinery sees imports plunge as EU sanctions bite

August 13, 2025

(Oil Price)– Nayara Energy, the Indian refiner in which Russia’s oil giant Rosneft holds 49%, is set to import in August the lowest volume of crude ever as the EU sanctions cripple procurement plans and sales of refined petroleum products. Nayara Energy is expected to import just 94,000 barrels per day (bpd) of crude this month, Bloomberg reports, citing ship-tracking data

US Gulf refiners seek MidEast, S.American oil to offset Venezuela, Mexico losses

July 25, 2025

(BOE Report) – U.S. Gulf Coast refiners are snapping up higher volumes of Middle Eastern and South American crudes to offset the loss of Venezuelan and Mexican barrels, according to ship tracking data, a workaround solution that might be short-lived if the U.S. allows some sanctioned Venezuelan crude to return to the market. The shake-up in trade flows reflects a

DOE okays exchange from SPR to Exxon to ease crude quality issue

July 14, 2025

(Oil Price)– The U.S. Department of Energy has authorized the exchange of up to 1 million barrels from the Strategic Petroleum Reserve (SPR) to ease the crude shortage at Exxon’s refinery in Baton Rouge, Louisiana, after quality issues with the Mars crude grade emerged last week. DOE has authorized an exchange from the SPR with ExxonMobil Corporation “to address logistical challenges impacting

Enbridge says it would pitch new Alberta-B.C. pipeline only under right conditions

June 26, 2025

(BOE Report) – CALGARY – Canada’s biggest crude oil shipper says a lot needs to happen before it would propose a new pipeline to the West Coast. Alberta Premier Danielle Smith has said she wants to see a pipeline running from her province to the Port of Prince Rupert, B.C., so that more oilsands crude can be exported to Asia by

Alberta expects private proposal for a new oil pipeline to B.C.

June 24, 2025

(Oil Price) – Alberta could receive within weeks a proposal from a private company for a new pipeline from the oil-rich province to British Columbia’s northwest coast, Alberta Premier Danielle Smith told Bloomberg News in an interview published on Tuesday. A new pipeline to Canada’s northwest Pacific coast “is the most credible and the most economic of all of the pipeline proposals the

Trump wants pipelines, but Midstream firms aren’t biting

May 27, 2025

(Oil Price) – U.S. midstream companies are hesitant to commit to new pipeline builds amid market volatility and tariff uncertainty. Some companies are announcing new projects, especially those bringing natural gas to power data centers, but the industry is generally in a wait-and-see mode regarding greenfield projects despite the Trump Administration’s regulatory push to accelerate energy infrastructure expansion. Firms have announced

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