Diesel Jumps 17%, Outpacing Crude Oil After Weekend Conflict

The price of key petroleum fuels soared on Monday as markets opened after the Iran conflict escalated over the weekend, with the jump in diesel futures prices outpacing the surge…

Fire Disrupts Operations at Ecuador’s Biggest Refinery

The largest refinery in Ecuador was forced to suspend operations after a fire erupted in the pumps at one of the units of the 110,000 barrel-per-day Esmeraldas refinery, Ecuador’s state…

Pakistan Reroutes Oil Supply as Strait of Hormuz Crisis Escalates

Pakistan could seek to be included in Saudi Arabia’s preferred buyers of crude exported from the Red Sea amid the major disruption to tanker traffic in the Strait of Hormuz,…

Drone Strike Halts Saudi Arabia’s Largest Oil Refinery

Saudi Arabia shut its largest domestic oil refinery on Monday after a drone strike, as a widening cycle of attacks across the Middle East forced precautionary shutdowns at key oil…

Oil, Gas Prices Surge as Iran Conflict Disrupts Middle Eastern Flows

Summary Oil rises as much as 13%, but less than some analysts expected Israel hits Tehran again after strikes killed Khamenei Hundreds of ships have dropped anchor in Gulf, data…

South Bow Plan to Revive Parts of Keystone XL Needs Trump Approval, US Oil Pipeline Links

  A supply depot servicing the Keystone XL crude oil pipeline lies idle in Oyen, Alberta, Canada February 1, 2021. REUTERS/Todd Korol/File Photo  Summary South Bow’s plan to revive KXL…