SAF has been safely delivered to New York’s LaGuardia Airport through the Colonial and Buckeye pipeline systems – two essential pieces of American energy infrastructure.
Chevron Corporation completed its previously announced acquisition of Renewable Energy Group, Inc. following approval by REG stockholders.
Idemitsu Kosan plans to cut its capacity by 13% in less than two years as the ageing and shrinking population in Japan and the global shift to greener energy eats into household demand for petroleum.
Oil prices slipped more than $2 on Monday as a flare-up in COVID-19 cases in Beijing quelled hopes for a rapid pick-up in China's fuel demand, while worries about global inflation and economic growth further depressed the market.
U.S. President Joe Biden is looking at ways to bring in more oil supplies amid rising energy costs, including working to address oil refinery capacity.
Iran and Venezuela, oil producers grappling with crippling U.S. sanctions, signed a 20-year cooperation plan in Tehran, with the Islamic Republic's supreme leader saying the allies would continue to resist pressure from Washington.
In case you missed any downstream news, this piece will give you a summary of some of the top stories from last week.
U.S. gasoline prices surged in early June 2022 from a week earlier by over a quarter of a dollar during a spring holiday known as Memorial Weekend that took the average fuel pump reading nationwide to about $4.85 per gallon.
Saudi Aramco has notified at least five North Asian refiners, mostly Chinese, that it will be supplying less than contracted volumes of crude oil in July.
Europe's plan to double down on renewable fuels in response to rising fuel costs could have the unintended short-term effect of increasing prices and slow down the energy transition, Chevron Corp Chief Executive Michael Wirth said.