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Nicole Jao

FILE PHOTO: A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/File photo
BusinessNewsOil

Oil prices extend losses on uncertainty over Trump tariff impact

By Nicole Jao NEW YORK (Reuters) -Oil fell 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring...

FILE PHOTO: Holding tanks are pictured at Colonial Pipeline's Linden Junction Tank Farm in Woodbridge, New Jersey, U.S., May 10, 2021. REUTERS/Hussein Waaile/File Photo
InfrastructureLiquefied Petroleum GasNewsOilRegulationsTransmission

Colonial Pipeline shuts main gasoline artery after potential gasoline spill

Colonial Pipeline shuts main gasoline line after potential leak in Georgia; traders expect service to resume tonight.

FILE PHOTO: The LyondellBasell refinery, located near the Houston Ship Channel, is seen in Houston, Texas, U.S., May 5, 2019.  REUTERS/Loren Elliott/File Photo
AutomotiveBusinessEconomyFinanceNewsOilPolitics

US oil refiners brace for a tough year as investor sentiment turns negative

Investors are souring on the U.S. oil refining sector, citing forecasts for softer fuel demand and worries that Trump may slap tariffs on...

FILE PHOTO: Gasoline prices are shown at a local gas station as Southern California prices move towards record highs in Carlsbad, California, U.S., September 18, 2023. REUTERS/Mike Blake/File Photo
BusinessEconomyInfrastructureLegislationNatural GasNewsOilPoliticsRegulations

California law, refinery exit reflect ongoing fuel market challenges, EIA says

Fuelmakers in California could face more headwinds next year as new legislation takes effect and refining margins remain weak.

FILE PHOTO: A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023. REUTERS/Bing Guan/File Photo
BusinessEconomyLiquefied Natural GasLiquefied Petroleum GasNatural GasNewsOil

US average gasoline price drops below $3 a gallon for the first time since 2021

U.S. gas prices drop below $3/gallon for the first time since 2021, offering relief to consumers amid broader inflationary pressures.

FILE PHOTO: The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. REUTERS/Angus Mordant//File Photo
EconomyFuelNatural GasNewsOilPoliticsTrade

Trump’s proposed tariffs on Canada would drive up pump prices, analysts warn

Trump said he would impose a 25% tariff on all imports from Canada and Mexico.

FILE PHOTO: The Phillips 66 Carson refinery is shown after the company said it will shut its large Los Angeles-area oil refinery late next year, delivering a blow to California's fuel supply, in Carson, California, U.S., October 17, 2024. REUTERS/Mike Blake/File Photo
News

US fuelmakers to report lower Q3 profits on weaker margins, fuel demand

U.S. oil refiners' Q3 profits are expected to drop due to weaker margins and lower fuel demand.

Workers on strike at Marathon Petroleum's (MPC.N) Detroit refinery walk the picket line in Detroit, Michigan, U.S., September 4, 2024.  REUTERS/Rebecca Cook
BusinessLabourNewsOil

Teamsters could extend strike to other Marathon refineries as Detroit negotiations stagnate

Marathon Petroleum refuses to negotiate with over 200 striking Detroit refinery workers, raising potential for wider strikes.

Workers on strike at Marathon Petroleum's (MPC.N) Detroit refinery walk the picket line in Detroit, Michigan, U.S., September 4, 2024.  REUTERS/Rebecca Cook
BusinessLabourNewsOil

Marathon’s Detroit refinery workers to strike from Wednesday

Half of refinery workforce to strike in Detroit over pay and schedules, but Marathon says action won't impact operations.

FILE PHOTO: Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan/File Photo
BusinessFuelNewsOil

US West Coast refiners still waiting for TMX margin boost

Expected deliveries to West Coast US oil companies from Trans Mountain have failed to materialise, with TMX mostly exporting to Asia.

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