U.S.
Opinion: Trump-led oil and gas export boom may go bust in Europe trade spat
Oil and gas producers in the U.S. expect to find it easier to ramp up production and exploration under the incoming second administration of Donald Trump. Finding local and lucrative markets for their wares may be the bigger challenge.
U.S. fuel ethanol exports rise on strong international demand and low U.S. prices
U.S. fuel ethanol exporters are on track to export a record amount of the fuel in 2024. The increase in exports this year has largely been driven by demand in countries with biofuel blending mandates and cheaper-than-usual U.S. fuel ethanol prices.
DG Fuels to launch SAF plant in Minnesota (U.S.), converting biomass into high-value fuel
DG Fuels, a U.S.-owned sustainable aviation fuel (SAF) company, in cooperation with the Minnesota EDC and The Minnesota SAF Hub, has selected the city of Moorhead, located in Clay County, Minnesota, for its new production facility serving the Great Lakes region.
Marathon Petroleum's 3Q profit beats, boosts share buybacks by $5 B
Oil refiner Marathon Petroleum reported its third-quarter earnings on Tuesday, beating Wall Street estimates on better-than-expected throughput and utilization rates even as global refining margins decline.
U.S. crude stocks, gasoline and distillate inventories rise
U.S. crude stocks, gasoline and distillate inventories rose in the week ending Nov. 1, the Energy Information Administration (EIA) said on Wednesday.
Marathon, Teamsters to resume contract talks as Detroit refinery strike enters second month
Marathon Petroleum Corp. and the Teamsters union, which represents hundreds of refinery workers, will resume labor contract negotiations this week as a strike at the refiner's Detroit facility enters a second month.
Trump's return to refocus U.S. on maximizing oil/gas production
Donald Trump’s return to the White House will refocus the nation's energy policy onto maximizing oil and gas production and away from fighting climate change, but the Republican win in Tuesday's presidential elections is unlikely to dramatically slow the U.S. renewable energy boom.
U.S. exports of ethane and ethane-based petrochemicals rose 135% from 2014 to 2023
U.S. exports of ethane and ethane-based petrochemicals reached an all-time high of 21.6 MMt in 2023, up 135% since the U.S. began exporting ethane in 2014 and 17% more than in 2022, according to data from the U.S. Census Bureau.
LyondellBasell to close Houston refinery (U.S.) in Q1 2025
Chemical maker LyondellBasell Industries detailed its long-announced plan to permanently shutter its 263,776-bpd Houston oil refinery in the first quarter of 2025, shutting the facility's CDU and coker train in January, followed by the shuttering of the second CDU-coker production train, which supplies the gasoline-producing FCC and ancillary units, ending motor fuel production
Refiner PBF Energy posts bigger-than-expected 3Q loss as margins collapse
PBF Energy posted a bigger-than-expected 3Q loss on Thursday as the U.S. refiner took a hit from weak fuel demand that shrunk refining margins.
- Fire extinguished at Valero's Three Rivers refinery on New Year's Day 1/2
- Indonesia's B40 palm oil delay causes market uncertainty 1/2
- EIA update: U.S. crude stocks fall, gasoline and distillate inventories rise 1/2
- In Norway, nearly all new cars sold in 2024 were fully electric 1/2
- U.S. EPA issues first underground injection permits for carbon storage in California (U.S.) 1/2
- Iraqi cabinet approves $4.6-B Basrah-Haditha oil pipeline project 12/31
