U.S.
EIA: U.S. crude stocks fall, gasoline and distillate inventories rise as refining activity increases
U.S. crude stocks fell last week as refining activity picked up, driving gasoline and distillate inventories higher.
White House completes review of EPA's biofuel-blending obligation proposal
The White House has completed its review of a proposal regarding U.S. biofuel-blending obligations and returned the rule to the Environmental Protection Agency (EPA) for further action.
USA BioEnergy secures long-term feedstock supply for $2.8-B SAF refinery in Texas (U.S.)
USA BioEnergy (USABE) has signed a letter of intent with LP Building Solutions (LP) outlining the parties’ plans to enter a long-term supply agreement for sustainably sourced wood fiber to support operations at USAB’s planned Texas Renewable Fuels (TRF) biorefinery in Bon Wier, Texas. The advanced biorefinery will require raw wood feedstocks for the production of renewable fuel. Once finalized, the agreement would provide for up to 2.2 MMtpy of woody biomass for an initial term of 20 yr.
The U.S. produced more energy in 2024 than ever before
In 2024, the U.S. produced a record amount of energy, according to data in the U.S. Energy Information Administration’s (EIA’s) Monthly Energy Review. U.S. total energy production was more than 103 quadrillion British thermal units in 2024, a 1% increase from the previous record set in 2023. Several energy sources—natural gas, crude oil, natural gas plant liquids, biofuels, solar and wind—each set domestic production records last year.
California (U.S.) fuel imports hit 4-yr high amid refinery outages
California's fuel imports rose to the highest in 4 yr in May as refiners turned to historical trading partners in Asia and tapped some unusual routes to make up for shortages in the No. 2 U.S. oil consumer state, according to shipping data and traders.
Alpek will cease operations at its PET facility in North Carolina (U.S.)
Alpek, S.A.B. de C.V. has announced the strategic decision to cease operations at its Cedar Creek facility in Fayetteville, North Carolina (U.S.) by July 31, 2025. The site, acquired by Alpek in 2001, has an installed capacity of 170,000 t of PET resin and approximately 35,000 t of rPET flake production.
U.S. Senate Republicans propose eliminating fuel economy fines for automakers
U.S. Senate Republicans on Thursday proposed eliminating fines for failures to meet Corporate Average Fuel Economy rules as part of a wide-ranging tax bill - the latest move aimed at making it easier for automakers to build gas-powered vehicles.
EIA: U.S. crude stockpiles fall, fuel builds as refiners hike output
U.S. crude oil stockpiles fell last week as oil refiners ramped up production with the start of the summer driving season, while fuel inventories rose amid weaker demand, data from the U.S. Energy Information Administration (EIA) showed on Wednesday.
Global oil refiners see short-term boost from higher margins
Refiners across the globe are reaping unexpected profits from producing key fuels in recent weeks, offering an ailing sector respite before an anticipated weakening later this year, as plant closures have tightened fuel supply needed to meet peak summer demand.
Trump administration (U.S.) axes $3.7-B in green energy projects
The U.S. has axed awards to 24 green energy projects issued during U.S. President Joe Biden's administration that totaled more than $3.7 billion, the Energy Department said. These include projects from ExxonMobil, Heidelberg Materials and Eastman Chemical

- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3