China’s gasoline exports plummeted 35.7% in July as weak profit margins led refiners to cut operations and prioritize higher-margin fuels like jet fuel.
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Oil prices dropped nearly 2% amid concerns over weakening demand from China and ongoing tensions in the Middle East, capping a volatile week in global oil markets.
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US solar manufacturers seek retroactive tariffs on imports from Vietnam and Thailand, citing a surge in shipments amid trade investigations into unfair practices.
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Chevron agrees to a $550 million settlement with Richmond, California, avoiding a proposed tax on its refinery and securing a decade-long financial commitment to the city.
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The Texas Railroad Commission faces increased scrutiny as reactivated “zombie wells” leak toxic substances, highlighting the regulatory failures amid the Permian Basin drilling boom. Environmental and safety risks continue to …
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Global jet fuel demand is softening due to tightening travel budgets and improved fuel efficiency, leading to concerns about the broader impact on oil prices. With economic challenges in key …
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Ukraine has approved a $20 billion plan to expand its renewable energy sector, aiming to increase renewables to 27% of the energy mix by 2030 amidst ongoing conflicts with Russia.
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Oil prices dropped as fears of a broader Middle East conflict subsided, with Iran holding back on its threats against Israel. Market analysts point to a reduced geopolitical risk premium …
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OPEC has reduced its 2024 global oil demand growth forecast due to weaker-than-expected demand from China, complicating decisions for the OPEC+ group on whether to increase production later this year.
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Chevron has reached a groundbreaking milestone by producing oil from the Anchor field in the Gulf of Mexico under ultra-high pressure conditions, setting a new standard in deepwater extraction technology.