How America’s Strategic Petroleum Reserve Is Evolving
Evolving Role and Financial Implications of America’s Strategic Petroleum Reserve in Today’s Oil Market
Exclusive: Phillips 66 made renewable fuels without proper permits – regulators
California regulators allege that U.S. refiner Phillips 66 (PSX.N) improperly began processing renewable diesel in a unit at its Rodeo, California refinery, the company confirmed to Reuters.
UAE, Saudi say OPEC+ should not play politics
The energy ministers of Saudia Arabia and the United Arab Emirates, key members of OPEC+, said on Tuesday the producers’ group should not engage in politics as pressure mounted on them to take action against Russia over its invasion of Ukraine.
Analysis: OPEC+ meets quickly, sticks to script, dodges debate on geopolitics
After a month in which oil prices surged 15% and geopolitical tensions seethed around the world, OPEC and its allies took a record-quick 16 minutes to decide that they would stick to their previously planned output increase.
Europe falls again after brutal week for stock markets
Europe’s main bourses fell again on Friday as worries about a sudden stop to central bank stimulus and rising tensions between Western powers and Moscow continued to drive world stocks to one of their worst ever starts to a year.
Oil highest since 2014 as Turkey outage adds to tight supply outlook
Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates.
Oil hits 7-year highs as tight supply bites
Benchmark oil prices climbed to their highest level since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook
Less than half of projected U.S. renewable diesel output likely by 2025- study
U.S. refiners and biofuel companies are likely to reach less than half the renewable diesel production projected by the U.S. government for 2025 due to policy and feedstock constraints, according to a study released Tuesday from consultancy Cerulogy.
Oil steady as rising Libyan output offsets supply worries
Oil prices were steady on Monday, as investor bets that global supply will remain tight amid restraint by major producers were offset by a rise in Libyan output.
Oil prices steady ahead of OPEC+ meeting
Oil prices were largely steady on Tuesday as investors expected major producers to agree to stick to their planned output increase at their meeting later in the day amid diminishing concerns over the spread of the Omicron variant of COVID-19.
