Post Tagged with: "US refiners"

Source: Reuters

EXCLUSIVE Biden considers giving refiners relief from U.S. biofuel laws, sources say

Reuters


NEW YORK -President Joe Biden’s administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from biofuel blending mandates, three sources familiar with …

Source: Reuters

Oil demand drag takes toll on tankers, U.S. refiners

Reuters


LONDON/NEW YORK  – U.S. refiners are scaling back on hiring ships for longer periods to save on costs in another sign of uncertainty over when global oil demand will return to pre-COVID levels, shipping and trade sources say.

The

Source: Reuters

Lack of overhauls at U.S. refiners could stall industry recovery

Reuters


NEW YORK/HOUSTON – U.S. oil refiners are predicting a strong recovery in fuel demand in the second half of this year as vaccination rates increase and workers are expected to resume commuting and taking vacations.

But oil processors appear …

February 5, 2021 - 11:30 am Closing Bell Story‎, Crude Oil News, Downstream, Energy News
Source: Reuters

U.S. refiners talk up renewable projects after a year of lousy fuel demand

Reuters


Following a year of grim losses amid pandemic lockdowns that dented demand for fuel as people stuck close to home, the largest U.S. independent refiners are promoting plans to boost production of renewable fuels.

Renewable fuels represent a silver …

Source: Reuters

U.S. oil refiners set for worst earnings quarter of the pandemic

Reuters


NEW YORK – U.S. refiners are girding for a painful slate of fourth-quarter earnings, reflecting the pressure of rising crude prices, weak demand due to renewed COVID-19 travel restrictions, and higher costs of associated with blending of renewable fuels …

January 25, 2021 - 10:00 am Closing Bell Story‎, Crude Oil News, Downstream, Energy News
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.…