gasoline Archives - Oil & Gas 360

From Panic to Ruin to Revolution: How the 1970s Oil Shock, Iran’s Upheaval, and the 1980s Crash Still Govern American Energy Power

May 8, 2026

(Oil & Gas 360) By Greg Barnett, MBA – The modern American oil and gas system was not engineered in calm conditions. It was forged amid gasoline lines, collapsing banks, and geopolitical revolutions that redirected the flow of oil and power simultaneously. The 1973 oil embargo and the 1980s oil crash are usually treated as bookends of a turbulent era. They

West Coast energy squeeze: Refinery closures meet global risk

April 28, 2026

(By Oil & Gas 360) – California’s energy system is heading toward a tighter balance, and it’s happening at the same time global supply risks are rising. Refinery closures across the state are steadily reducing in-state capacity. Over the past several years, California has lost meaningful refining throughput as facilities have shut down, converted to renewable fuels, or scaled

China’s oil giants begin selling crude as refinery cuts deepen

April 22, 2026

(Oil Price) – The trading arms of some of China’s biggest state-owned oil giants have started selling crude for May loadings in a rare move from the majors that have cut refinery rates in response to soaring oil prices and constrained crude supply from the Middle East. Sinopec, the world’s biggest refiner by capacity, and Sinochem Group have already sold

The new energy shock, Part 2: From refineries to consumers, how the conflict is reshaping global fuel flows

April 1, 2026

(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,

Oil & Gas 360 Series: The new energy shock: How the U.S.–Iran conflict is hitting fuel markets- oil and gas 360

The new energy shock, Part 1: How the U.S.–Iran conflict is hitting fuel markets: by Oil & Gas 360

March 31, 2026

(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,

New capacity, new competitors and the next chapter in America’s refining build-out: The New Geography of Refining, Part II

March 18, 2026

(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,

Another world first in the Permian, natural gas to gasoline

July 26, 2024

Oil and Gas 360 Finding another way to avoid the waste and lost revenue from stranded gas in a pipeline-constrained portion of the Permian Basin could have global applications, according to two business partners in Texas interviewed in the June-July Oil and Gas Journal. Boosted by a $20 million investment by Midland-based partner and producer Diamondback Energy, Houston-based Verde Clean

U.S. drivers overwhelmingly prefer gasoline cars to EVs

May 31, 2024

Oil Price Americans continue to be fans of gasoline-powered vehicles and prefer them to electric vehicles (EVs) and hybrids, a new study by KPMG has shown. Assuming all costs and features are the same, just 21% of consumers prefer an EV, the inaugural KPMG American Perspectives Survey found. The survey assessed the views of 1,100 adults nationwide to understand their outlook

Republicans warn Biden against using Strategic Petroleum Reserve as “political tool” amid rising summer gas prices

May 30, 2024

World Oil (Bloomberg) – Top Republicans are warning the Biden administration against tapping into the nation’s strategic oil reserve to bring down gasoline prices with five months to go before the presidential election. The message, sent in a letter Wednesday to Energy Secretary Jennifer Granholm, comes as Biden administration officials have hinted they may be willing to release oil from

U.S. gasoline prices set for slight drop ahead of Memorial Day

May 14, 2024

Oil Price Gasoline prices in the United States are expected to see a slight drop of up to 10 cents per gallon by Memorial Day weekend, Patrick De Haan, head of petroleum analysis at GasBuddy, said on Tuesday. “I do not expect #gasprices to trend higher ahead of Memorial Day,” De Haan said on X today. “Prices could cycle in some areas that

U.S. crude oil hovers around $85 as gas prices hit highest level since October

April 4, 2024

CNBC Crude oil futures edged lower Thursday, taking a breather as traders took stock of the market after prices advanced more than 2% this week to hit the highest level since October. The West Texas Intermediate contract for May delivery fell 31 cents to $85.10 a barrel, while the Brent contract for June delivery lost 19 cents to $89.16. Oil prices have rallied this

Europe’s new oil ally

March 18, 2024

Oil and Gas 360 ExxonMobil announced yet another discovery in its coveted Stabroek block in Guyana. The Bluefin well encountered 197 feet of hydrocarbon-bearing sandstone in 4,244 feet of water, adding to Exxon’s growing list of over 30 oil discoveries in the Stabroek block since 2015. The latest announcement follows explosive growth in Guyana’s production, which benefitted from the early

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