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US Sanctions China-Based Refinery That Purchased Oil From Houthi-Linked Ships
The United States on Thursday sanctioned a China-based oil refinery that purchased Iranian oil worth around $500 million from Huthi-linked ships, as the White House ramps up pressure on Iran.
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Russia Says Ukraine Launched 62-Drone Attacks, Oil Refinery Halted
Russia said on Sunday that Ukraine launched a major 62-drone attack on Russian regions forcing one oil refinery in southern Russia to halt operations, and that Kyiv's forces had fired U.S., French and Ukrainian missiles at Russian-held territory.
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Oil Prices Surge To Above $101 Per Dollar; Up $10 Since Last Week's Lows
Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a US refinery.
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Oil Falls 2.5% As U.S. Refiners Ramp Up Output, Equities Retreat
Oil prices fell 2.5% on Wednesday, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S. refiners ramped up output, and as crude futures followed Wall Street lower.
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Texas Freeze Forced US Oil Refineries To Release Tons Of Air Pollutants
The largest US oil refiners released tons of air pollutants into the skies over Texas this week, according to figures provided to the state, as one environmental crisis triggered another.
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Trump To Announce Plan To Boost Biofuel Demand Soon: U.S. Agriculture Secretary
U.S. President Donald Trump will announce a plan to boost demand for biofuels within weeks, his secretary of agriculture said on Wednesday, as the administration seeks to assuage farmers angered by its expanded use of oil refinery waivers. The spat over the waivers has left the White House caught between the oil industry, which wants its refineries...
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Massive Fire Breaks Out At Philadelphia Oil Refinery, Triggers Explosions
A massive fire erupted at a crude oil refinery in Philadelphia on Friday morning, triggering several explosions and sending flames high into the sky. Philadelphia
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Brent Oil Near 26-Month High Amid Supply Concerns
US crude supplies have been rising as imports and production recover in the aftermath of Hurricane Harvey, while refineries have been slower to restart.
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Petrol, Diesel Prices May Come Down By Diwali, Says Oil Minister
Prices of refinery oil went up because production of oil dropped by 13% in the US, says Petroleum and Natural Gas Minister.
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Donald Trump Administration Gives Final Approval For Keystone XL Pipeline
President Donald Trump's administration said Friday it has given final approval for TransCanada to build the Keystone XL oil pipeline, a project his predecessor Barack Obama had blocked over environmental concerns.
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Oil Prices Edge Up on Reports of Falling Inventories
Industry group American Petroleum Institute (API) said late on Tuesday that US crude stockpiles fell last week by 482,000 barrels due to lower imports and higher refinery runs.
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Hillary Clinton Stands Against Controversial Keystone Pipeline
After declining for months to announce her position on a major Canada-to-US oil pipeline, Democratic presidential hopeful Hillary Clinton said Tuesday that she is opposed to the controversial project.
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US Crude Prices Surge 17% in Just Two Days
World oil prices roared back to $50 a barrel in the second day of a frenetic short-covering rally on Friday, with violence in Yemen, a storm in the Gulf and refinery outages helping extend the biggest two-day rally in six years.
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US Crude Oil Hits Over 6-Year Low on High Stocks
US crude oil steadied on Friday after falling to its lowest in almost 6-1/2 years as huge stockpiles and refinery shutdowns heightened concerns about global oversupply.
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Oil Dips on Strong OPEC Outlook, Demand Prevents Bigger Fall
Crude oil dipped on Tuesday on expectations that the Organization of the Petroleum Exporting Countries (OPEC) would not cut output at its meeting this week, but firm refinery demand curbed price losses.
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US Sanctions China-Based Refinery That Purchased Oil From Houthi-Linked Ships
The United States on Thursday sanctioned a China-based oil refinery that purchased Iranian oil worth around $500 million from Huthi-linked ships, as the White House ramps up pressure on Iran.
-
Russia Says Ukraine Launched 62-Drone Attacks, Oil Refinery Halted
Russia said on Sunday that Ukraine launched a major 62-drone attack on Russian regions forcing one oil refinery in southern Russia to halt operations, and that Kyiv's forces had fired U.S., French and Ukrainian missiles at Russian-held territory.
-
Oil Prices Surge To Above $101 Per Dollar; Up $10 Since Last Week's Lows
Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a US refinery.
-
Oil Falls 2.5% As U.S. Refiners Ramp Up Output, Equities Retreat
Oil prices fell 2.5% on Wednesday, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S. refiners ramped up output, and as crude futures followed Wall Street lower.
-
Texas Freeze Forced US Oil Refineries To Release Tons Of Air Pollutants
The largest US oil refiners released tons of air pollutants into the skies over Texas this week, according to figures provided to the state, as one environmental crisis triggered another.
-
Trump To Announce Plan To Boost Biofuel Demand Soon: U.S. Agriculture Secretary
U.S. President Donald Trump will announce a plan to boost demand for biofuels within weeks, his secretary of agriculture said on Wednesday, as the administration seeks to assuage farmers angered by its expanded use of oil refinery waivers. The spat over the waivers has left the White House caught between the oil industry, which wants its refineries...
-
Massive Fire Breaks Out At Philadelphia Oil Refinery, Triggers Explosions
A massive fire erupted at a crude oil refinery in Philadelphia on Friday morning, triggering several explosions and sending flames high into the sky. Philadelphia
-
Brent Oil Near 26-Month High Amid Supply Concerns
US crude supplies have been rising as imports and production recover in the aftermath of Hurricane Harvey, while refineries have been slower to restart.
-
Petrol, Diesel Prices May Come Down By Diwali, Says Oil Minister
Prices of refinery oil went up because production of oil dropped by 13% in the US, says Petroleum and Natural Gas Minister.
-
Donald Trump Administration Gives Final Approval For Keystone XL Pipeline
President Donald Trump's administration said Friday it has given final approval for TransCanada to build the Keystone XL oil pipeline, a project his predecessor Barack Obama had blocked over environmental concerns.
-
Oil Prices Edge Up on Reports of Falling Inventories
Industry group American Petroleum Institute (API) said late on Tuesday that US crude stockpiles fell last week by 482,000 barrels due to lower imports and higher refinery runs.
-
Hillary Clinton Stands Against Controversial Keystone Pipeline
After declining for months to announce her position on a major Canada-to-US oil pipeline, Democratic presidential hopeful Hillary Clinton said Tuesday that she is opposed to the controversial project.
-
US Crude Prices Surge 17% in Just Two Days
World oil prices roared back to $50 a barrel in the second day of a frenetic short-covering rally on Friday, with violence in Yemen, a storm in the Gulf and refinery outages helping extend the biggest two-day rally in six years.
-
US Crude Oil Hits Over 6-Year Low on High Stocks
US crude oil steadied on Friday after falling to its lowest in almost 6-1/2 years as huge stockpiles and refinery shutdowns heightened concerns about global oversupply.
-
Oil Dips on Strong OPEC Outlook, Demand Prevents Bigger Fall
Crude oil dipped on Tuesday on expectations that the Organization of the Petroleum Exporting Countries (OPEC) would not cut output at its meeting this week, but firm refinery demand curbed price losses.
