Post Tagged with: "oil refiners"

Source: Reuters

Massachusetts, Connecticut low-carbon fuel program draws industry ire- oil and gas 360


NEW YORK – U.S. governors from Massachusetts and Connecticut announced their commitment to a low-carbon transportation program on Monday, but gasoline-related trade groups say it has flaws that will harm, rather than promote, use of fuels that produce fewer …

December 22, 2020 - 12:00 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Oil refiners worldwide struggle with weak demand, inventory glut


NEW YORK/LONDON/MELBOURNE- Global oil refiners reeling from months of lackluster demand and an abundance of inventories are cutting fuel production into the autumn because the recovery in demand from the impact of coronavirus has stalled, according to executives, refinery …

September 21, 2020 - 11:00 am Closing Bell Story‎, Crude Oil News, Downstream, Energy News
Source: Reuters

Oil refiners and OPEC+ walk a tightrope as pandemic lingers: Kemp


LONDON  – High-frequency data from the United States has provided the first convincing indication of global oil market rebalancing, but it also underscore the market’s vulnerability to a COVID-19 resurgence and new lockdowns.

Total stocks of crude and refined …

July 16, 2020 - 12:00 pm Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

‘Astonishing’: Trump EPA backs down on biofuel waivers in blow to U.S. refiners


The Trump administration has decided not to appeal a court ruling that would sharply reduce its use of waivers exempting refineries from the nation’s biofuels regulation, cheering the corn lobby but drawing anger from oil refiners.

The administration had …

March 25, 2020 - 12:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Regulatory
Source: AP

Dilemma for oil refiners as surging ship costs kill margins

Source: Houston Chronicle

Oil refiners hoping for some fourth-quarter gravy are facing disappointment as surging freight rates inflate the cost of buying crude.

U.S. sanctions on Chinese shipping companies and Friday’s attack on an Iranian tanker have turbo-charged transport costs, …

October 15, 2019 - 8:32 am China, Closing Bell Story‎, International