(Oil Price) – The biggest oil supply squeeze is currently in diesel markets amid the lowest global refining activity for this time of year since the 2020 pandemic, Goldman Sachs says. War-induced refinery outages in the Middle East and Russia have collapsed global fuel supply, especially of diesel, while increased output in the Americas and Africa has managed to offset
(By Oil & Gas 360) – The first phase of the U.S.–Iran conflict has exposed immediate stress in refined product markets. The second phase is already taking shape, and it is less about price spikes and more about how fuel actually moves around the world. Global trade flows are being rewritten in real time. As Middle East supply becomes less reliable,
(By Oil & Gas 360) – While crude oil grabs the headlines, the real pressure point in the U.S., Iran conflict is showing up downstream, in the fuels that actually power economies. Gasoline, diesel, and jet fuel markets are tightening faster and more unevenly than crude, revealing a different kind of energy shock that is driven by logistics, refining constraints,
(Oil & Gas 360) By Greg Barnett, MBA – Part I of The New Geography of Refining examined how the U.S. Gulf Coast became the world’s most important refining hub. The region’s complex refineries, advantaged feedstocks, and extensive shipping infrastructure form the backbone of global gasoline, diesel, and jet fuel balances. As transportation demand rises and geopolitical disruptions intensify,
(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,
Nasdaq WASHINGTON – U.S. oil refiners have cranked up output of diesel, heating oil and jet fuel for winter but are struggling to turn a profit because gasoline margins have fallen over 80% since the summer driving season ended. Refiners, which typically produce more distillates such as diesel and heating oil in autumn, are trying to rebuild inventories of these
EIA In its latest Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) estimates that third-quarter 2020 global liquid fuels consumption averaged 94.2 million barrels per day (b/d), an increase from the second quarter but significantly lower than the same time last year. The slow recovery has contributed to low gasoline and diesel crack spreads and high petroleum product stocks in three major
EIA Oil & Gas 360 Publishers Note: Great report from the EIA – However I have one question – How will all of the people leaving the major population centers change this report? According to the latest data estimates in the U.S. Energy Information Administration’s (EIA) State Energy Data System (SEDS), people in geographically large states with small populations, such as Alaska,
EIA Starting in mid-March 2020, transportation fuel demand in the United States decreased to record lows as a result of reduced economic activity and stay-at-home orders aimed at slowing the spread of the 2019 novel coronavirus disease (COVID-19). In response to low demand and decreased profitability, as measured by crack spreads, U.S. refiners decreased inputs of crude oil to atmospheric distillation units (ADUs) and decreased
From Reuters A disappointing planting season due to massive flooding in the U.S. Midwest this spring is expected to have spillover effects on diesel demand during harvest season, analysts and traders said. Heavy storms that lingered over the Midwest left millions of acres unseeded and put crops that were planted late at a greater risk for damage from severe weather
Molecular weight drives a series of solutions that may provide keys to driving down production costs and harvesting a century’s worth of natural gas From Purdue University School of Chemical Engineering WEST LAFAYETTE, Ind. – It is a figure that has been thrown around quite a bit lately in the energy debate – the United States has enough energy in
Add a 48-volt hybrid motor, hydraulic lash adjuster, electric EGR pumps From CCJ With each new Greenhouse Gas emissions standard, diesel engine aftertreatment systems get more complex and that’s a trend unlikely to change in the years ahead. Speaking at the Technology and Maintenance Council’s Annual Meeting & Transportation Technology Exhibition in Atlanta Sunday, Eaton’s Director of Technology Planning and
