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Nicole Jao

FILE PHOTO: Oil rigs are seen in the Gulf of Mexico after Hurricane Ida made landfall in Louisiana, in Grand Isle, Louisiana, U.S. August 31, 2021. REUTERS/Marco Bello/File Photo
BusinessInfrastructureNewsOilResiliencyWeather

Record US heat, hurricanes could roil fuel prices as oil refiners sweat

Extreme weather events hit oil refineries and production capacities while peak travel season pushes demand higher.

A general view of the Phillips 66 Company's Los Angeles Refinery, which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, at sunset in Carson, California, U.S., March 11, 2022.  REUTERS/Bing Guan
AutomotiveFuelNewsOil

US refiners boosting fuel output past 90% of capacity for summer driving season

Strong spring production levels have retail gasoline prices on par with a year ago, according to motorist group AAA.

FILE PHOTO: Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo
BusinessFinanceFuelNewsOil

Oil stabilises ahead of US inflation data and OPEC+ meeting

Oil prices held steady on Friday, as investors await U.S. inflation data for clues on the demand outlook.

FILE PHOTO: Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration/File photo
FuelNewsOil

Oil slips for third session on likely ‘higher for longer’ US rates

NEW YORK (Reuters) -Oil prices fell more than 1% on Wednesday, retreating for a third straight day, as Fed officials rekindled worries about...

FILE PHOTO: A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson, California, U.S., March 11, 2022. Picture taken March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan/File Photo
AnalysisBusinessFinanceFuelIn-DepthNewsOil

US refiners reward shareholders with big returns despite softer Q1 profits

Major U.S. fuel makers returned billions in capital to shareholders in Q1 even as refining margins softened and utilization rates fell

FILE PHOTO: A Marathon Oil well site is seen, as oil and gas activity dips in the Eagle Ford Shale oil field due to the coronavirus disease (COVID-19) pandemic and the drop in demand for oil globally, in Texas, U.S., May 18, 2020. REUTERS/Jennifer Hiller//File Photo
NewsOil

Oil set for weekly gain on signs of improving demand

Oil prices are edging higher, with global benchmark Brent heading for its first weekly gain in three weeks

FILE PHOTO: A handout photo of Braya Renewable Fuels' refinery that produces renewable diesel in Come By Chance, Newfoundland and Labrador, Canada February 20, 2024.  Braya Renewable Fuels/Handout via REUTERS
AnalysisBiofuelsFuelIn-Depth

Renewable diesel glut hits US refiner profits, threatens industry

A rush by US fuel makers to recalibrate their plants to produce renewable diesel has created a supply glut for low-emissions biofuels

EmissionsManufacturingNewsPoliticsTrade

U.S. creating task force to address emissions from commerce, manufacturing: Podesta

The U.S. will create a new trade task force aimed at reducing carbon emissions from global commerce and manufacturing, says White House senior...

FuelNewsOil

Oil prices head back up on Middle East jitters

Crude futures up amid concern that Iran, the third-largest OPEC producer, might retaliate for a suspected Israeli warplane attack on Iran's embassy.

ClimateEmissionsNews

California needs to triple pace of emissions cuts to meet 2030 goal, report says

By Nicole Jao NEW YORK (Reuters) – California needs to triple its annual carbon emissions reductions to meet its 2030 target, a report...

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