U.S. oil refiner PBF Energy is closing out one of the best financial years in its history, a wild bounce back from the brink in April 2020 when fuel demand and gasoline prices cratered during the pandemic and the company’s value swooned lower than what it had just paid to buy a California refinery. PBF’s…
US Refiners Urge Biden Not to Impose Gasoline Export Ban but Instead Focus on Boosting Domestic Energy Production
U.S. refiners requested the Department of Energy to reconsider a potential natural gas export ban. They explained the intricacies of the natural gas-supply chain and the adverse effects on prices and jobs, as well as the geopolitical implications the country could be forced to endure in such a scenario. “Banning or limiting the export of…
US Refiners Eye Canadian Oil Once Strategic Reserve Turns Off Taps
NEW YORK—U.S. refiners are expected to buy more Canadian oil after the Biden administration ends releases from the Strategic Petroleum Reserve (SPR) this fall, traders said, adding this should boost the price of Canadian barrels at a time of tight global supply. The coming end of SPR releases could shift market dynamics again in a…
US News
- Jack PhillipsPresident Joe Biden on Sunday issued a major disaster declaration in Mississippi after tornadoes left dozens of people dead, according to a White House statement. Biden early on Sunday “declared… [...]
- Jack PhillipsFormer President Donald Trump is now suggesting Manhattan District Attorney Alvin Bragg may have dropped his case against him, about a week after he claimed he would be arrested. After… [...]
- Efthymis OraiopoulosA business jet flying over New England on March 3 experienced malfunction in its autopilot system resulting in the death of a former Obama administration official, according to a U.S.… [...]
- Jan JekielekThis episode has been selected for our Sunday Watch Party this Sunday, March 26 at 7:30pm ET. What does that mean? During the watch party, everyone—even without a subscription—will be… [...]
- The Associated PressPresident Joe Biden early Sunday issued an emergency declaration for Mississippi, making federal funding available to Carroll, Humphreys, Monroe, and Sharkey counties, the areas hardest hit Friday night by a… [...]
- Scottie BarnesA growing chorus of interest groups is calling for a pause in offshore wind activities to allow further assessment of the sector’s impacts on the marine ecosystem. Congressman Jeff Van… [...]
- The Associated PressKEY WEST, Fla.—Two Cuban migrants used a motorized hang glider to fly the approximately 90 miles (145 kilometers) from the communist island to Key West on Saturday, Florida officials said.… [...]
- ReutersPORT-AU-PRINCE—A U.S. State Department spokesperson said Saturday the government is aware of reports of two U.S. citizens missing in Haiti, after media outlets said a Florida couple had been kidnapped.… [...]
- Jeff LouderbackFlorida Gov. Ron DeSantis won the state’s 2018 Republican gubernatorial primary and then edged a heavily favored Democrat candidate in the general election because of Donald Trump’s endorsement, the former… [...]
- Mimi Nguyen LySenate Minority Leader Mitch McConnell (R-Ky.) has been released home after completing inpatient physical therapy at a rehabilitation facility, following a concussion he suffered earlier this month. The 81-year-old senator had a fall… [...]