US Refining Capacity Fell by 263,000 Barrels Per Day in 2025, Says EIA
(Reuters) – U.S. refining capacity fell by 263,000 barrels per day (bpd), or 1.43%, in 2025, driven by the planned conversion of a major Houston refinery and a Los Angeles-area…
US Diesel Refining Economics Remain Firm Despite Iran War Truce
(Reuters) – The U.S. diesel futures crack spread, a measure of profitability for refiners, hit a three-week high as analysts said supply tightness for the product is set to persist…
Oil Set for Hefty Weekly Losses as Tankers Exit Strait of Hormuz
Summary Aramco resumes Ras Tanura oil loadings after four-month halt Strait of Hormuz loadings at highest level since war began Overall traffic remains a fraction of previous daily average (Reuters)…
Trump Clean Energy Tax Credit Cutoff Drives Project Rush as Prices Set to Soar
Solar panels are assembled at the Qcells North America factory in Cartersville, Georgia, U.S. June 8, 2026. REUTERS/Alyssa Pointer/File Photo Summary Solar companies rushed to secure tax credits before deadline,…
US Oil’s Wildcat Tendencies Sputter Out
By Robert Cyran NEW YORK, June 25 (Reuters Breakingviews) – Tales of grizzled wildcatters are captivating, but oil production boils down to an industrial process for spinning geology and capital…
Rapid US Grid Growth Could Rival Nation’s Largest System, Report Says
By ICF forecasts 445 GW of US capacity additions through 2030 Those additions equal about 191 GW at peak demand, ICF said ICF estimates the US has 26 GW of…
Oil Prices Climb 2% After Cargo Ship Hit by Projectile Near Oman
By Two U.S. officials told Reuters Iran fired on the cargo ship near the Strait of Hormuz The UN maritime agency paused its Hormuz ship evacuation effort after the suspected…
Fire Extinguished at Monroe Energy’s Trainer Refinery in Pennsylvania
By and NEW YORK, June 25 (Reuters) – A fire was extinguished in a process unit pump room at Monroe Energy’s 190,000-barrel-per-day refinery in Trainer, Pennsylvania, on Thursday, the company…
SpaceX Plans to Build ‘Starpipe’ Natural Gas Pipeline to Fuel Starship Rockets
By SpaceX plans to start building 8-mile pipeline next month Project would fuel more launches of Starship moon rocket Pipeline is part of sprawling SpaceX gas plans in Texas WASHINGTON,…
Oil Touches Pre-War Levels on Rising Middle East Supply
Summary Brent, WTI hit lowest since February 27 Goldman Sachs says no significant pick-up in Iranian production expected Iraq to consider all options if OPEC quota not raised, sources say…
