Saturday, 22 February 2025
Home Author Shariq Khan

Shariq Khan

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 with a drone. REUTERS/Bing Guan/File Photo
AnalysisAutomotiveBusinessFuelIn-DepthOilTransport

Analysis: Global gasoline refining margins slump on slow summer driving season

Oil refiners' profits are down as demand for U.S. gasoline is seasonally the lowest since 2021

The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020.  REUTERS/Adrees Latif/File Photo
BusinessFuelNewsOil

Oil dips on concerns about demand, U.S stockpiles data awaited

Oil prices eased after resilient U.S. economic activity pointed to borrowing costs staying higher for longer in a potential blow to demand.

FILE PHOTO: A 3D printed oil barrels and oil pump jack are seen in front of displayed Chesapeake Energy logo in this illustration taken January 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOil

U.S. natural gas producer Chesapeake Energy cuts jobs

Chesapeake Energy began laying off employees this week after completing the divestiture of its oil assets last year

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

FILE PHOTO: A pump is seen at a gas station in Manhattan, New York City, U.S., August 11, 2022. REUTERS/Andrew Kelly/File Photo
AutomotiveBuildingsEconomyFuelNewsOilTransport

Seasonal US fuel demand hits pandemic lows, weighs on refining margins

U.S. gasoline and diesel demand are at their weakest seasonal level since the 2020 coronavirus pandemic, according to data from the Energy Information...

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
BusinessEconomyFinanceNewsOilPolitics

Oil prices edge up after Israel strikes Gaza, truce talks continue

Oil prices ticked up early on Tuesday after Israel struck Rafah in Gaza while negotiations for a ceasefire with Hamas continued without resolution.

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...

Login into your Account

Please login to like, dislike or bookmark this article.