The world鈥檚 supply lines for cargoes of oil and fuel, which typically crisscross the globe, are about to get redrawn thanks to U.S. President Donald Trump鈥檚 sweeping tariffs.
March 4, 2025Government, Business, Fuel
Trump鈥檚 Oil Tariffs Set to Reshape Global Trade Flows
Government, Business, Fuel
EPA Denies Oil Refineries Seeking Biofuel-Blending Exemption
The Biden administration on July 14 rejected more than two dozen oil refinery requests for exemptions from U.S. biofuel-blending requirements.
July 14, 2023Government, Business, Fuel
OPEC+ Ministers Say Pumping More Oil Wouldn鈥檛 Ease Gas Prices
Saudi Arabia鈥檚 energy minister said a dearth of refining capacity meant that gasoline and other oil products would remain expensive even if the world鈥檚 biggest exporters pumped more crude.
May 16, 2022Business, Fuel
Refiners Are Less Pressed to Shut Down Plants as Fuel Demand Rebounds
After several years of plant closures and conversions to make renewable fuel, the pressure on American refiners to shut down excess capacity is easing as gasoline demand nears pre-pandemic levels and supplies dwindle.
November 1, 2021