Category: refiners
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Analysis-Trump’s oil tariffs a boost for European and Asian refiners
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Written by Robert Harvey and Georgina McCartney LONDON/Houston (Reuters) – Analysts and participants in the market told Reuters. White House officials said that Trump was 25 % on Saturday of the customs tariffs on Canadian and Mexican imports and 10 % on goods from China that start on Tuesday to…
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Plan from California’s Newsom would make refiners stockpile fuel reserves (NYSE:CVX)
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Justin Paget/Digital Vision via Getty Images California Gov. Gavin Newsom proposed legislation Thursday that would require oil refineries in the state to Maintain minimum reserves of gasoline and other fuels in an effort to prevent supply shortages and price hikes during refinery outages. Energy in California The commission said refineries…
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U.S. refiners cutting Q3 output across the board on weaker margins, plant overhauls
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SlavkoSereda/iStock via Getty Images Crude oil futures rose for a fourth straight session on Friday and posted their first weekly gain in five weeks, supported by tightening inventories, especially in the United States, and a fundamental risk premium around tensions in the Middle East. Analysts said A drop in initial…