Post Tagged with: "US refiners"

Source: Reuters

U.S. refiners’ biofuel bills soar in oil market slump

Reuters


U.S. oil refiners this quarter are expected to spend the most since at least 2018 to meet U.S. biofuels requirements, further pressuring margins hit by the collapse since March in global prices and demand.

Under renewable fuel legislation originally …

Source: Reuters

Russia keeps U.S. fuel oil exports high as Washington seeks to replace Venezuelan barrels

Reuters


MOSCOW – Russia kept fuel oil exports to the United States close to its record-highs in the first six months of this year, as Washington looks to replace the heavy Venezuelan barrels it stopped buying a year ago, traders …

July 13, 2020 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Marathon Petroleum cuts spending by $1.4 billion as virus saps fuel demand

Marathon Petroleum cuts spending by $1.4 billion as virus saps fuel demand

Reuters


U.S. oil refiner Marathon Petroleum Corp (MPC.N) on Tuesday cut spending by 30% and detailed other measures to reduce costs, as widespread lockdowns to curb the spread of the COVID-19 pandemic pummel demand for oil and gas.…