EPA Moves to Revoke Finding Underpinning GHG Emission Regulations
The Trump administration on Tuesday unveiled its plan to revoke the finding that greenhouse gases endanger human health, which could allow for the invalidation of multiple federal climate regulations. Read More
Will European Refinery Run Rises Boost Diesel Yields and Support Margins?
The International Energy Agency’s July Oil Market Report says that European refinery throughput in July 2025 is projected to be 11.3 million barrels/day, up from 11 million b/d in June and 10.9 million b/d in May. The IEA added “the current strong margin environment and rising crude supplies increase the chances that runs will surprise to the upside in the coming months.” Read More
OPEC+ Production August Increase Covered by Current Production
On July 5, the eight members of OPEC+—the grouping of the Organization of the Petroleum Exporting Countries (OPEC) and ten other oil exporters—that agreed last December to an additional voluntary cut of 2.2 million barrels/day over a two-year period, announced the final stage of the unwinding of these cuts one year ahead of schedule by agreeing to a production increase of 548,000 b/d effective Aug 1. Read More
Larger Inter-Regional Price Spreads to Revive Jet Fuel Arbitrage Discussions
The price spreads for jet fuel between Northeast Asia versus Northwest Europe and the U.S. West Coast opened up at Wednesday's closing, which may once again entice market players to restart arbitrage discussions while simultaneously diverting selling interest for swing barrels away from Asia to Europe. Read More
Insolvent UK Lindsey Refinery Continues to Operate but Closure Looms
The U.K. government confirmed that it is funding operations at the 113,000 b/d Lindsey refinery for the time being while it assesses options for the future of the site after owners Prax Group filed for insolvency. Read More
European Diesel Margins Soar After Imports Dropped in June
The European diesel market is flashing warning lights after supplies from the Middle East plunged to multi-month lows in June. Read More
Freight Rates for Transatlantic Voyages Soar as Europe Pulls More US Diesel
Freight rates for MR tankers hauling U.S. diesel to Europe have tripled in two weeks amid supply concerns due to the escalating Iran-Israel conflict. Read More
Asia’s Oil, Refined Prices Jump on Israel-Iran Conflict
Oil and refined product prices rose in Asia on Friday amid heightened levels of uncertainty following Israel’s attacks on Iran’s nuclear facilities. Read More
Bunker Market Faces Challenging Future: 2050 Marine Energy
Tight margins, alternative fuel headwinds and increased competition for bunker volumes are just some of the challenges facing the current and future bunker market, according to Adrian Tolson, principal of 2050 Marine Energy. Read More