California officials are urgently seeking a buyer for Valero’s Benicia refinery before its scheduled Apr. 2026 closure to avert a significant fuel shock and price volatility in the state.
July 27, 2025
California Governor Gavin Newsom is proposing new legislation to streamline the permitting process for oil wells.
July 27, 2025
Brazilian crude oil exports to the US face a significant threat from pending 50% US tariffs, which could increase the cost of Brazilian grades by more than $30/bbl.
July 27, 2025
The latest EU crackdowns on Russia's energy industry are expected to have a limited immediate impact on China's purchases of Russian crude, according to trading, refining, and shipping sources
July 27, 2025
The once-lucrative flow of cheap Russian oil to key buyers like India is hitting a
July 21, 2025
The oil market navigated a turbulent week in mid-Jul. 2025, heavily influenced by US President Donald Trump's re-ignited tariff threats and the ongoing geopolitical shifts concerning Russia and Ukraine.
July 20, 2025
The consensus among analysts points to Brent crude prices remaining below $100/b through late 2025 and into 2026, largely due to a well-supplied market and concerns about demand.
July 20, 2025
OPEC+ faces production hurdles from Kazakhstan's overproduction, Nigeria's quest for higher targets, and Iraqi Kurdistan's stalled exports due to disputes and drone attacks.
July 20, 2025
North America saw a modest increase in rig activity in early Jul., primarily driven by Canada, while the US experienced a slight decline and diminishing oil output growth, with analysts forecasting a slowdown in domestic production despite long-term export potential.
July 20, 2025
Chevron's recent acquisition of Hess Corporation significantly boosts its presence in Guyana's prolific Stabroek Block.
July 20, 2025
