Crude oil

Large explosion in Taiwan's CPC Dalin oil refinery, no injuries

Fire was seen raging above the plant and thick smoke billowed into the sky above for more than an hour.

Chevron's $11.2 B quarterly profit soars past estimates

Chevron reported its second-highest ever quarterly profit, blasting past analysts' estimates, driven by soaring global demand for its oil and gas and rising production from its U.S. oilfields.

Italy issues 'comfort letter' to stave off Lukoil refinery's shutdown

Italian authorities have provided Lukoil with a "comfort letter" to help a refinery it owns in Sicily get bank financing to buy non-Russian oil and remain operational.

Valero CEO says U.S. energy secretary told shuttered refineries won't restart

Valero Chief Executive Joe Gorder said this week U.S. Energy Secretary Jennifer Granholm was told at a recent White House meeting with energy executives that refineries shuttered in the last few years won't return production.

Italy looks to unlock financing for Lukoil-owned refinery

Italy is working on ways to keep a Lukoil-owned refinery in business despite new sanctions against Russia kicking in next month, as Rome tries to buy time to agree the sale of the plant.

Valero kicks off U.S. refiners earnings season with bumper profit

Refiner Valero Energy Corp reported a bumper third-quarter profit that zoomed past Wall Street estimates on Tuesday, as margins were boosted by demand for fuel and refined products.

China's diesel fuel exports more than doubled in September

China's diesel exports in September surged to their highest in more than a year while aviation fuel shipments were the most in 29 months as refiners rushed to cash in on robust export margins.

French refinery strikes continue at two sites

The strike at the TotalEnergies' Gonfreville and Feyzin refineries have been renewed on Monday.

Deutsche Bank sets 2030 targets to cut emissions tied to loans

By 2050, the bank said so-called financed emissions tied to the oil and gas sector, including Scope 3 emissions from the use of gasoline and other refined products by end-users, would be reduced by 90%.

Exxon selling Montana oil refinery to Par Pacific for $310 MM

ExxonMobil Corp agreed to sell its Billings, Montana, refinery and related pipeline properties to Par Pacific Holdings Inc for $310 MM.