U.S.
U.S. dependence on Canada's oil should deter Trump tariffs, industry says
Canada's energy industry does not expect U.S. President-elect Donald Trump's broad plans for protectionist trade measures will include tariffs on Canadian oil imports, because many U.S. refineries rely on barrels from north of the border.
U.S. renewable fuel credits rally to multi-month highs
U.S. renewable fuel credits rose to multi-month highs on increased demand from refiners trying to comply with mandates and higher prices for soyoil.
U.S. refiners hold output at high levels as fuel inventories sag
U.S. oil refiners this quarter expect to run their plants at above 90% of their crude processing capacity on low inventories and improving demand for gasoline and diesel.
Opinion: Trump-led oil and gas export boom may go bust in Europe trade spat
Oil and gas producers in the U.S. expect to find it easier to ramp up production and exploration under the incoming second administration of Donald Trump. Finding local and lucrative markets for their wares may be the bigger challenge.
U.S. fuel ethanol exports rise on strong international demand and low U.S. prices
U.S. fuel ethanol exporters are on track to export a record amount of the fuel in 2024. The increase in exports this year has largely been driven by demand in countries with biofuel blending mandates and cheaper-than-usual U.S. fuel ethanol prices.
DG Fuels to launch SAF plant in Minnesota (U.S.), converting biomass into high-value fuel
DG Fuels, a U.S.-owned sustainable aviation fuel (SAF) company, in cooperation with the Minnesota EDC and The Minnesota SAF Hub, has selected the city of Moorhead, located in Clay County, Minnesota, for its new production facility serving the Great Lakes region.
Marathon Petroleum's 3Q profit beats, boosts share buybacks by $5 B
Oil refiner Marathon Petroleum reported its third-quarter earnings on Tuesday, beating Wall Street estimates on better-than-expected throughput and utilization rates even as global refining margins decline.
U.S. crude stocks, gasoline and distillate inventories rise
U.S. crude stocks, gasoline and distillate inventories rose in the week ending Nov. 1, the Energy Information Administration (EIA) said on Wednesday.
Marathon, Teamsters to resume contract talks as Detroit refinery strike enters second month
Marathon Petroleum Corp. and the Teamsters union, which represents hundreds of refinery workers, will resume labor contract negotiations this week as a strike at the refiner's Detroit facility enters a second month.
Trump's return to refocus U.S. on maximizing oil/gas production
Donald Trump’s return to the White House will refocus the nation's energy policy onto maximizing oil and gas production and away from fighting climate change, but the Republican win in Tuesday's presidential elections is unlikely to dramatically slow the U.S. renewable energy boom.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
- U.S. liquid fuels groups announce progress on E15, small refinery exemption reform 12/5
- Million Air and Avfuel bring SAF to Austin, Texas (U.S.) 12/5
- Chinese refiners buy oil from storage, raise output with fresh import quota 12/5
