Los Angeles wholesale gasoline hits new high on refinery outages

Los Angeles wholesale gasoline hits new high on refinery outages

HOUSTON, Sept 28 (Reuters) – Wholesale October gasoline sold in the Los Angeles market at $2.50 a gallon over NYMEX November RBOB gasoline futures on Wednesday, a high previously unseen in the West Coast refined products markets on tight supply because of refinery outages, traders said. The price for wholesale CARBOB gasoline, which stands for … Read more

EXCLUSIVE Afghan Taliban sign deal for Russian oil products, gas and wheat

EXCLUSIVE Afghan Taliban sign deal for Russian oil products, gas and wheat

KABUL, Sept 27 (Reuters) – The Taliban have signed a provisional deal with Russia to supply gasoline, diesel, gas and wheat to Afghanistan, Acting Afghan Commerce and Industry Minister Haji Nooruddin Azizi told Reuters. Azizi said his ministry was working to diversify its trading partners and that Russia had offered the Taliban administration a discount … Read more

U.S. gasoline prices fall below $4 for first time since March

U.S. gasoline prices fall below  for first time since March

Gasoline demand has waned in the summer Lower-income households spending less as prices dip U.S. retail price hit a record in June Aug 11 (Reuters) – The average price of U.S. retail gasoline fell below $4 per gallon on Thursday for the first time in months, giving some relief to drivers in the world’s largest … Read more

Oil from U.S. reserves sent overseas as gasoline prices stay high

Oil from U.S. reserves sent overseas as gasoline prices stay high

HOUSTON, July 5 (Reuters) – More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices hit record highs. The export of crude and … Read more

Biden administration leans on Tesla for guidance in renewable fuel policy reform

Biden administration leans on Tesla for guidance in renewable fuel policy reform

June 23 (Reuters) – U.S. President Joe Biden rarely mentions electric car maker Tesla Inc (TSLA.O) in public. But privately his administration has leaned on the company to help craft a new policy to allow electric vehicles (EVs) to benefit from the nation’s lucrative renewable fuel subsidies, according to emails reviewed by Reuters. The Biden … Read more

Drone attack may have caused Russia refinery fire near Ukraine -governor

Drone attack may have caused Russia refinery fire near Ukraine -governor

Fire broke out on Wednesday morning Blaze has been put out Russia investigating attacks on its oil installations This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, June 22 (Reuters) – The Novoshakhtinsk oil refinery in Russia’s Rostov region, bordering Ukraine, suspended operations on Wednesday after … Read more

Biden blasts oil refiners for record high gasoline prices, profits

Biden blasts oil refiners for record high gasoline prices, profits

Gas prices over the $6.00 mark are advertised at a 76 Station in Santa Monica, California, U.S., May 26, 2022. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 15 (Reuters) – U.S. President Joe Biden on Wednesday demanded oil refining companies explain why they are not putting more gasoline on … Read more

U.S. gasoline average price tops $5 per gallon in historic first

U.S. gasoline average price tops  per gallon in historic first

June 11 (Reuters) – The price of U.S. gasoline averaged more than $5 a gallon for the first time on Saturday, data from the AAA showed, extending a surge in fuel costs that is driving rising inflation. The national average price for regular unleaded gas rose to $5.004 a gallon on June 11 from $4.986 … Read more

U.S. Senate committee passes antitrust bill pressuring OPEC

U.S. Senate committee passes antitrust bill pressuring OPEC

WASHINGTON, May 5 (Reuters) – A U.S. Senate committee passed a bill on Thursday that could expose the Organization of the Petroleum Exporting Countries and partners to lawsuits for collusion on boosting crude oil prices. The No Oil Producing or Exporting Cartels (NOPEC) bill sponsored by senators, including Republican Chuck Grassley and Democrat Amy Klobuchar, … Read more

Exxon signals record quarterly profit from oil and gas prices

Exxon signals record quarterly profit from oil and gas prices

Signage seen at a gas station at an Exxon gas station in Brooklyn, New York City, USA, November 23, 2021. REUTERS / Andrew Kelly Sign up now for FREE unlimited access to Reuters.com Sign up HOUSTON, April 4 (Reuters) – Exxon Mobil Corp (XOM.N) said Monday that their first-quarter results could top a seven-year quarterly … Read more