Shariq Khan
Exclusive: Warren Buffett’s Pilot Co shuts oil trading business, sources say
By Shariq Khan and Georgina McCartney NEW YORK/HOUSTON (Reuters) – Warren Buffett’s Pilot Co is shuttering its international oil trading business, ending an...
US crude futures down $1 a barrel on Trump plan to boost fossil fuel output
U.S. crude futures for March delivery fell by $1.06 to $76.33 a barrel by 2315 GMT on Monday.
Colonial Pipeline restarts main gasoline artery after fixing leak in Georgia
Colonial Pipeline restarts Line 1 after Georgia leak, restoring gasoline supply to East Coast markets with minimal disruptions.
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.
EIA expects oil prices to be under pressure from oversupply in 2025, 2026
U.S. oil production is poised to set a larger record this year than prior estimates, the EIA said in its Short-Term Energy Outlook...
US oil imports from Canada hit record ahead of tariff threat, EIA data shows
U.S. crude oil imports from Canada rose last week to the highest on record, data from the EIA showed on Wednesday.
Global diesel prices to rely on refinery closures for support in 2025
About 1 million barrels per day of refining capacity in Europe and the U.S. is expected to permanently shut down next year.
Big oil eyes powering big tech’s data center demand
This comes after Exxon Mobil said it is adding carbon-capture to natural gas-fired power plants supplying data centers.
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.
