Refining Margins, Fuel Costs Surge On Fallout From Russian Invasion
Refining profits, or margins, from turning crude oil into products such as gasoline and diesel are ballooning, and could surge further after the United States, the world's top oil consumer, on Tuesday banned all Russian oil imports in retaliation of Moscow's invasion of Ukraine.
Analysis-Want Lower Oil Prices? First You Need Higher Ones
There is only one way oil prices are going to fall - by first rising even more.
Oil Tops $105/bbl After Russia Attacks Ukraine
Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014 before easing, after Russia's attack on Ukraine exacerbated concerns about disruptions to global energy supply.
U.S. EPA Commits To Increasing Biofuel Use, Targets Not Yet Finalized
The U.S. Environmental Protection Agency is committed to increasing the use of biofuels, an agency official said on Tuesday, but the industry is still anxiously awaiting the Biden administration to finalize specific blending goals.
U.S. EPA Aims To Get Biofuel Blending Law On Track
The U.S. Environmental Protection Agency is ensuring its decision on the nation's biofuels law is made in a transparent way to get the law "back on track" and put the renewable fuel's use on a sustainable trajectory for growth, an agency official said on Tuesday.
Oil Hits 7-yr Highs As Market Fears Russian Attack On Ukraine Imminent
Oil prices surged over 2% on Monday to their highest in more than seven years as Ukraine's president declared a "day of unity" for Feb.
Oil Hits 7-yr Highs As Ukraine Fears Russian Attack Imminent
Oil prices surged on Monday over 2% to their highest in more than seven years as Ukraine's President said he had heard that Russia could invade the country on Wednesday.
Bill Allowing US To Sue OPEC Drawing Renewed Interest
With oil prices hitting fresh four-year highs, long-dormant proposals to allow the United States to sue OPEC nations are getting a fresh look in Congress, though they were once considered a long shot to becoming law.
