Valero Prepares to Restart Massive Texas Refinery After Explosion
Valero Energy is set to restart later this week its major oil refinery in Port Arthur, Texas, after an explosion and a fire forced a shutdown earlier this week, sources…
Japan Urges IEA to Prepare for Second Emergency Oil Release
Japan’s Prime Minister Sanae Takaichi on Wednesday asked the head of the International Energy Agency (IEA) to be ready for an additional release of oil stocks from reserves if it…
U.S. Waivers Spur Russian Oil Sales But Interest in Iran’s Crude Remains Low
The U.S. waivers on the purchase of Russian and Iranian crude on tankers have been a mixed bag of success in boosting oil supply in Asia. While refiners, especially in…
Germany and South Korea Face Rare Earths Supply Shortage
Germany and the EU as a whole, as well as South Korea, are staring at a deficit of rare earth elements, while the U.S. and Japan are busy making supply…
