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Over 20% of the World’s Oil Refining Capacity Is at Risk of Closure

Over 20% of the World’s Oil Refining Capacity Is at Risk of Closure

Wood Mackenzie has said that more than 20% of the world’s oil refining capacity is at risk of closure due to weak refining margins.

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Oil Moves Down on Inventory Rise

Crude oil prices inched lower today after the Energy Information Administration reported an inventory build of 3.2 million barrels

24 hours ago

Pump Prices Set to Hit $4 a Gallon

U.S. oil prices surpass $80 a barrel, raising concerns for the Federal Reserve and the White House, with pump prices expected to reach $4 a gallon, driven by various supply issues and geopolitical tensions.

1 day ago

Oilprice Exclusive: An Interview With OPEC Sec. Gen. al-Ghais

In an exclusive interview with Oilprice.com, OPEC’s Secretary General HE. Haitham al-Ghais reaffirmed his organization’s position on long-term oil demand and explained OPEC's stance on carbon reduction

2 days ago

Traders Are Buying Oil At The Fastest Rate Since 2020

Per the latest weekly data from Reuters, as reported by market analyst John Kemp, traders are buying oil at the fastest rate since 2020

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AI Surge Has Big Tech Scrambling for Power Supply

U.S. utilities are struggling to meet soaring demand from data centers while keeping reliable operations for all the customers in the areas they serve.

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The SEC’s Climate Rule Sparks Battleground Debate

The SEC's Climate Disclosure Rule could be an overreach that prioritizes environmental activism over investor protection and could harm market transparency and efficiency.

2 days ago
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