Trending News: China’s Coal Buyers Resist Waiver Demands in New Indonesian DealsTribunal Hearings Begin in UK-Argentina Row Over Falklands Oil ProjectIran War Set to Drive A Drop in Global Fossil Fuel Emissions in 2026U.S. Military Coordinates With Saudi Oil Tankers on Risky Hormuz CrossingsChina Is Buying Oil Again After Months of Living Off Its StockpilesUganda hospitals left without oxygen as plants remain non-functionalThe challenge for reliable medical oxygenLNG Traffic Through Hormuz Hits Highest Level Since Iran War BeganADNOC Gas Posts Stunning Profit Recovery as Energy Exports ReboundBrent Crude Falls Below $90 for First Time Since AugustThe reliability challenge in natural gas pretreatmentMoIT Strengthens Power Grid Modernization and Energy-Saving Measures for 2027–2028 In VietnamLNG traffic through Hormuz reaches highest level since conflict beganPhilippines’ First Capiz Battery Storage Project Begins Testing With 22.5 MW CapacitySrinivas Kumar, Managing Director and CEO of SunAP Ecopower, Recognised at SolarQuarter Power List 2026Battery And Renewable Energy Stocks Rally As Sensex Ends Higher Amid Mixed Sectoral Performance (10 November 2026)Avaada Group Showcases Vision of Powering India’s Clean Energy and Technology-Led Industrial Future at Bharat RE Summit 2026CPH2 targets overseas markets in revised recovery strategyAnaergia secures CAD $34m EPC contract for Hungarian biomethane plantUS Holds Off Strikes after Qatari MediationAGF Nitrogen plans ammonia upgrades amid European output cutsVideo | Can new CO2 sources meet growing demand?Brent Crashes 7% on Iran Peace Hopes Despite Fresh Saudi Pipeline AttackOil Prices Plunge Below $92 as Trump Signals Restraint on IranCircularity Fuels raises $7m for SAF demonstration plantOccidental lines up 2 mtpa CO2 for Permian Basin EORMurphy Oil Bets on Israeli Gas Near LeviathanSaudi Pipeline Attacked as OPEC Output Climbs to 90% of Pre-War LevelsLargest remediation project at UK’s Harwell site completedUzbekistan plans to double uranium productionFourth Hualong One under construction at San’ao siteCOP31 Opens in Antalya With a UN Push for Faster Climate ActionEurope’s Power Prices Jump to 2022 High as Wind and Solar FalterNordic Power Prices Could Soar This Winter as Hydropower Reserves PlungeIraq’s Oil Sales to America Fall to Lowest Since the 2003 WarIEA Backs Electrification Efforts at COP31 Climate SummitIran Moves to Control Oil Terminals in China, Leak ShowsOil Sinks to $94 as Iran’s $8 Billion Hormuz Deal Heads to TrumpBrazil set to more than double biomethane capacity by 2028AWG builds Georgia presence with O2 Plus acquisitionQuantum commences helium stimulation programme in ColoradoDelorean reaches financial close on AUD $62.1m bioenergy facilityOil Prices Fall as Trump Signals No New Attacks on IranChina Cuts LNG Imports as Cheap Domestic Gas Undercuts Global PricesIraq Strikes U.S. Deal to Boost Oil Exports Through HormuzOil Experiences Sharpest Weekly Decline in MonthsAnalysis: AI-fuelled chip demand keeps gas majors bullish on electronicsVideo | Scaling CO2 refrigeration without compromising safetySaskatchewan raises CAD $4.9m in third helium public offeringWhite paper: Proven pumps and compressors for midstream applicationsIEA Sees 4,800 GW of New Renewables by 2031ONGC Moves to Take Over Venezuelan Oilfields, Recover $500 MillionOil Traders Want U.S. to Release Sanctioned Tankers as Freight Costs SoarTrump Hints US Holding Back from Striking IranEstonia narrows search for nuclear power plant locationConcrete work completed for Akkuyu 4’s turbine unitASNR opens passive safety system testing facilityStrathcona to acquire Greenfire in $2.1-billion oil sands dealCanadian budget sets out nuclear investmentsCernavodă units returning to operation after three monthsEnergy Aspects Slashes Forecast of China’s November Diesel ExportsFGE NexantECA Sees Slim Chance of U.S.-Iran DealEurope’s Grid Spending Is Up 155% Since 2019ADNOC Expands LNG Empire With Major New India Supply DealIndia’s HPCL Struggles to Secure Oil Tankers as Hormuz Risks PersistAsia’s Fuel Oil Market Signals Hopes of U.S.-Iran De-EscalationViridi raises £2.2m to turn captured CO2 into chemicalsColorado awards Vycarb $2.7m for carbon management techColorado awards Vycarb $2.7m for carbon management techColorado awards Vycarb $2.7m for carbon management techOil Market Arrives at ‘Remarkable Destination’The Global Oil Glut Returns as High Prices Crush DemandChina’s Carbon Emissions Plunge 3.1% as Oil Demand SlumpsPentagreen Capital and Candi Solar Sign US$50 Million Deal for 400 MW Solar and BESS Projects in IndiaZambia–Tanzania 2,300 km Power Interconnector Targeted For Commissioning By 2029ACWA Reports Stable Nine-Month Net Income With 98.2 GW Power Portfolio And 11.6 GWh Battery StorageIndian Green Energy Stocks Witness Mixed Trading As Sensex Rallies 1.9% On November 6Singapore Sets 4 GWp Solar Capacity Target By 2035 To Accelerate Clean Energy TransitionUK Launches Energy Independence BillVideo | The importance of education in CO2 safetyOil Prices Rebound Sharply After Brutal Midweek RoutConocoPhillips Doubles Profit to $4 Billion, Raises DividendOil Prices Head for 12% Weekly Loss Despite Fresh Tanker AttacksTurkey Unveils $500 Billion Energy Plan Built on Gas, Solar, NuclearThe mothballed nuclear power plantReactor components completed for El Dabaa 1X-energy selects Fluor for second Xe-100 projectCalogena awarded EU funding for SMR deploymentNAC to supply used fuel storage solution for NorwayConstruction of Chinese HTGR beginsIEEFA: $67.8 Billion in Asian LNG Power Projects Scrapped or StalledEU Not Planning to Resume Russian Gas PurchasesChina’s Diesel Exports Set to Plunge as Domestic Inventories Run LowIran Reports More Tanker Fires in Strait of HormuzIndia to Require State Utilities to Add Energy Storage CapacityEuropean Gas Prices Drop on Iran Deal Hopes after U.S. MidtermsRigzone Talks to the ‘Disruption Wing’ of the USA DOESamsung ramps up neon recycling to strengthen supply securityBaywater Healthcare acquires UK nitrous oxide and oxygen supplierAir Products exits two Chinese coal gasification projects
Wed. Nov 11th, 2026
Trending News: China’s Coal Buyers Resist Waiver Demands in New Indonesian DealsTribunal Hearings Begin in UK-Argentina Row Over Falklands Oil ProjectIran War Set to Drive A Drop in Global Fossil Fuel Emissions in 2026U.S. Military Coordinates With Saudi Oil Tankers on Risky Hormuz CrossingsChina Is Buying Oil Again After Months of Living Off Its StockpilesUganda hospitals left without oxygen as plants remain non-functionalThe challenge for reliable medical oxygenLNG Traffic Through Hormuz Hits Highest Level Since Iran War BeganADNOC Gas Posts Stunning Profit Recovery as Energy Exports ReboundBrent Crude Falls Below $90 for First Time Since AugustThe reliability challenge in natural gas pretreatmentMoIT Strengthens Power Grid Modernization and Energy-Saving Measures for 2027–2028 In VietnamLNG traffic through Hormuz reaches highest level since conflict beganPhilippines’ First Capiz Battery Storage Project Begins Testing With 22.5 MW CapacitySrinivas Kumar, Managing Director and CEO of SunAP Ecopower, Recognised at SolarQuarter Power List 2026Battery And Renewable Energy Stocks Rally As Sensex Ends Higher Amid Mixed Sectoral Performance (10 November 2026)Avaada Group Showcases Vision of Powering India’s Clean Energy and Technology-Led Industrial Future at Bharat RE Summit 2026CPH2 targets overseas markets in revised recovery strategyAnaergia secures CAD $34m EPC contract for Hungarian biomethane plantUS Holds Off Strikes after Qatari MediationAGF Nitrogen plans ammonia upgrades amid European output cutsVideo | Can new CO2 sources meet growing demand?Brent Crashes 7% on Iran Peace Hopes Despite Fresh Saudi Pipeline AttackOil Prices Plunge Below $92 as Trump Signals Restraint on IranCircularity Fuels raises $7m for SAF demonstration plantOccidental lines up 2 mtpa CO2 for Permian Basin EORMurphy Oil Bets on Israeli Gas Near LeviathanSaudi Pipeline Attacked as OPEC Output Climbs to 90% of Pre-War LevelsLargest remediation project at UK’s Harwell site completedUzbekistan plans to double uranium productionFourth Hualong One under construction at San’ao siteCOP31 Opens in Antalya With a UN Push for Faster Climate ActionEurope’s Power Prices Jump to 2022 High as Wind and Solar FalterNordic Power Prices Could Soar This Winter as Hydropower Reserves PlungeIraq’s Oil Sales to America Fall to Lowest Since the 2003 WarIEA Backs Electrification Efforts at COP31 Climate SummitIran Moves to Control Oil Terminals in China, Leak ShowsOil Sinks to $94 as Iran’s $8 Billion Hormuz Deal Heads to TrumpBrazil set to more than double biomethane capacity by 2028AWG builds Georgia presence with O2 Plus acquisitionQuantum commences helium stimulation programme in ColoradoDelorean reaches financial close on AUD $62.1m bioenergy facilityOil Prices Fall as Trump Signals No New Attacks on IranChina Cuts LNG Imports as Cheap Domestic Gas Undercuts Global PricesIraq Strikes U.S. Deal to Boost Oil Exports Through HormuzOil Experiences Sharpest Weekly Decline in MonthsAnalysis: AI-fuelled chip demand keeps gas majors bullish on electronicsVideo | Scaling CO2 refrigeration without compromising safetySaskatchewan raises CAD $4.9m in third helium public offeringWhite paper: Proven pumps and compressors for midstream applicationsIEA Sees 4,800 GW of New Renewables by 2031ONGC Moves to Take Over Venezuelan Oilfields, Recover $500 MillionOil Traders Want U.S. to Release Sanctioned Tankers as Freight Costs SoarTrump Hints US Holding Back from Striking IranEstonia narrows search for nuclear power plant locationConcrete work completed for Akkuyu 4’s turbine unitASNR opens passive safety system testing facilityStrathcona to acquire Greenfire in $2.1-billion oil sands dealCanadian budget sets out nuclear investmentsCernavodă units returning to operation after three monthsEnergy Aspects Slashes Forecast of China’s November Diesel ExportsFGE NexantECA Sees Slim Chance of U.S.-Iran DealEurope’s Grid Spending Is Up 155% Since 2019ADNOC Expands LNG Empire With Major New India Supply DealIndia’s HPCL Struggles to Secure Oil Tankers as Hormuz Risks PersistAsia’s Fuel Oil Market Signals Hopes of U.S.-Iran De-EscalationViridi raises £2.2m to turn captured CO2 into chemicalsColorado awards Vycarb $2.7m for carbon management techColorado awards Vycarb $2.7m for carbon management techColorado awards Vycarb $2.7m for carbon management techOil Market Arrives at ‘Remarkable Destination’The Global Oil Glut Returns as High Prices Crush DemandChina’s Carbon Emissions Plunge 3.1% as Oil Demand SlumpsPentagreen Capital and Candi Solar Sign US$50 Million Deal for 400 MW Solar and BESS Projects in IndiaZambia–Tanzania 2,300 km Power Interconnector Targeted For Commissioning By 2029ACWA Reports Stable Nine-Month Net Income With 98.2 GW Power Portfolio And 11.6 GWh Battery StorageIndian Green Energy Stocks Witness Mixed Trading As Sensex Rallies 1.9% On November 6Singapore Sets 4 GWp Solar Capacity Target By 2035 To Accelerate Clean Energy TransitionUK Launches Energy Independence BillVideo | The importance of education in CO2 safetyOil Prices Rebound Sharply After Brutal Midweek RoutConocoPhillips Doubles Profit to $4 Billion, Raises DividendOil Prices Head for 12% Weekly Loss Despite Fresh Tanker AttacksTurkey Unveils $500 Billion Energy Plan Built on Gas, Solar, NuclearThe mothballed nuclear power plantReactor components completed for El Dabaa 1X-energy selects Fluor for second Xe-100 projectCalogena awarded EU funding for SMR deploymentNAC to supply used fuel storage solution for NorwayConstruction of Chinese HTGR beginsIEEFA: $67.8 Billion in Asian LNG Power Projects Scrapped or StalledEU Not Planning to Resume Russian Gas PurchasesChina’s Diesel Exports Set to Plunge as Domestic Inventories Run LowIran Reports More Tanker Fires in Strait of HormuzIndia to Require State Utilities to Add Energy Storage CapacityEuropean Gas Prices Drop on Iran Deal Hopes after U.S. MidtermsRigzone Talks to the ‘Disruption Wing’ of the USA DOESamsung ramps up neon recycling to strengthen supply securityBaywater Healthcare acquires UK nitrous oxide and oxygen supplierAir Products exits two Chinese coal gasification projects
Wed. Nov 11th, 2026

Marathon Petroleum Beats Quarterly Profit Estimates on Refining Margin Boom

(Reuters) – Marathon Petroleum’s  ​quarterly profit beat Wall Street’s ‌estimate on Tuesday, as fuel supply disruption from the U.S.-Israeli war ​on Iran pushed refining margins ​to multi-year highs.

Shares of the ⁠refiner rose around 2% in premarket trade.

Refining ​margins for gasoline, diesel and ​jet fuel soared after the effective closure of the Strait of Hormuz for ​months disrupted crude flows ​to refiners, while repeated Iranian attacks on ‌refineries ⁠across the Middle East further squeezed fuel supplies.

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Marathon’s quarterly refining and marketing margin rose to $36.33 ​per barrel ​from ⁠last year’s $17.58 per barrel.

The top U.S. refiner posted ​adjusted profit of $17.73 per share ​for ⁠the three months ended June 30, versus average analysts’ estimate ⁠of $13.73 per ​share, according to ​data compiled by LSEG.

Reporting by Arunima Kumar ​in Bengaluru; Editing by Sahal Muhammed

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