Economics

Vance, Wright to meet with U.S. oil trade group, acknowledges 'rough road ahead' on gas prices

The U.S. has already announced plans to release crude oil from the nation's emergency stockpile to reduce energy prices, and on Wednesday said it would issue a 60-day waiver to U.S. shipping regulations ease fuel deliveries to the nation's ports.

bp to block union workers from Whiting refinery

Analysis: Licocene Terra, using renewable carbon in hot melt polymers for adhesive formulations

Slovakia considers higher diesel price for foreigners to battle fuel tourism

China's fuel export ban to further tighten Asia supply

RWE to invest €17 B in the U.S. to power data centers

ABB open to pursuing more than one multi-billion-dollar acquisition this year

Japan to consider whether to buy Russian crude following U.S. sanctions waiver

The U.S. waiver allows countries to buy sanctioned Russian oil and petroleum products currently stranded at sea, in what Treasury Secretary Scott Bessent said was a step to stabilize global energy markets, which have been roiled by the Iran war.

China teapots maintain refinery runs to cash in on lucrative fuel sales

Middle East conflict could force up to 6 MMbpd crude run cuts across Asia