Tagged Posts for Crude
Previously Scheduled Turnaround to Mark Start of Benicia Shutdown
A previously scheduled turnaround at Valero's 150,000 b/d Benicia refinery may mark the beginning of the end of refining operations at the Northern California facility, according to city officials and West Coast trading participants. Read More
US Gulf Coast Refining Outlook Remains Bright for Coming Years, RBN Analysis Concludes
The need for refining capacity in the U.S. Gulf Coast region is expected to grow by 400,000 b/d over the next two decades, while other regions of the country will most likely see the need to reduce capacity or see it remain flat, according to an analysis by RBN Energy released Friday. Read More
Phillips 66 CEO Says Venezuelan Heavy Crude Imports to Gulf Coast Could Reshape Market
Phillips 66 said the return of Venezuelan heavy crude to the U.S. Gulf Coast could reshape North American heavy crude flows and compete with Western Canadian Select oil in the near term. Read More
Sheinbaum Says Mexico Will Remain Key Fuel Supplier to Cuba As Venezuela Exports Decline
Mexico will continue to send crude oil and gasoline to Cuba, President Claudia Sheinbaum said Wednesday, after Venezuelan energy exports to the island nation were curtailed by U.S. sanctions and actions and may be halted. Read More
PBF Energy Says it Plans to Conduct Turnaround Work at Most of its Refineries in 2026
PBF Energy is planning turnaround work at nearly all of its refineries this year and expects plant outages in the first, second and fourth quarters. Read More
2026 Preview: Dangote, Dos Bocas Impacts Eyed in Gulf Coast Gasoline Market
U.S. Gulf Coast gasoline market participants say their key focuses in the new year will be the potential effects of increased production from Nigeria's 650,000 b/d Dangote and Mexico's 340,000 b/d Dos Bocas refineries. Read More
Oil Surplus Outlook, Uncertain Geopolitics Led OPEC+ to Pause Hikes: Rystad
A looming global crude oil surplus, uncertainties over U.S. policies toward Venezuela and the continuing war between Ukraine and Russia led OPEC and allied producers to pause further production increases in the first quarter of 2026, analyst Rystad Energy said Sunday. Read More
Oil Markets on Edge as Sanctions Against Lukoil, Rosneft Kick In
U.S. sanctions on Lukoil and Rosneft entered into force on Friday, potentially reducing Russia's ability to export crude oil and refined products into global markets even further. Read More
Oneok Reports Third Quarter Refined Product Shipments Increased 1-3% from Q2
Oneok on Wednesday reported its third quarter financial results, which showed refined product shipments in the quarter were up by about 1-3% from quarter two. Read More
Phoenix to Receive Half of Proposed Product Pipeline’s Volumes: Phillips 66
Phillips 66 expects about half of the refined product volumes shipped on its proposed Western Gateway pipeline from the U.S. Midcontinent to Arizona and California would be shared equally by both states, Brian Mandell, the company's executive vice president for marketing and commercial said on Wednesday. Read More
As Reliance on Imported Gasoline Rises, California Adapts to a ‘New World’
California's gasoline imports over the first 10 months of 2025 have already exceeded totals for any year since at least 2004, according to Energy Information Administration data. Read More
China to Levy Retaliatory Special Port Fees on US Vessels
China's Ministry of Transport said Friday it will begin imposing special port service fees on U.S.-owned and -operated vessels calling at Chinese ports starting Oct. 14 in response to a similar move by the U.S. Read More
US-Mexico Energy Trade Drops 21% in 2024 as Crude Imports Decline
The value of energy trade between the U.S. and Mexico in 2024 dropped to its lowest level since 2020 amid falling fuel prices and reduced Mexican oil output, according to a recent report from the U.S. Energy Information Administration using data from the U.S. Census Bureau. Read More
Judge Says Biden Exceeded His Authority With Offshore Drilling Ban
A federal judge has reversed a last-minute effort by former President Joe Biden to permanently ban drilling off several sections of the U.S. coast. Read More
Russia’s Diesel Exports Plunge Amid Ukrainian Attacks on Refineries
Russia’s diesel exports plummeted in September to an eight-year low for the month as a recent wave of Ukrainian drone attacks has significantly disrupted the country’s refining system. Read More
OPIS Forum: Energy Transition is about Diversification, Not a Linear Shift
The simultaneous rise in consumption of both fossil fuels and renewables is making energy transition less a simple phase-out of traditional fuels and more an expansion of power sources, with the process likely to take longer than expected, given varying stages of development across the world, said panelists at the OPIS Energy and Chemicals Forum on Wednesday. Read More
OPIS Forum: China’s Primary Energy Consumption Forecast to Grow at Slower Rate
China’s primary energy consumption is expected to maintain its growth momentum till around 2040, albeit at a decelerating pace, according to Sinopec Economics and Development Research Institute at the OPIS Energy and Chemicals Forum in Singapore on Wednesday. Read More
Oil Price to Fall Sharply in Coming Months on Stock Buildup, OPEC Hikes: EIA
The Energy Information Administration said on Tuesday it expects the price of crude oil to decline significantly in the coming months, weighed down by large oil inventory builds as OPEC and its allied members increase oil production. 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
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