Page 33 - Oil Refiners News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Refiners are being blamed for surging fuel prices. While they are logging bumper profits, that tends to be the exception, not the rule.

Vehicles, which need to support heavier batteries. that's interesting. the south korean auto giant has been charging ahead, very good, with its production of evs. it's making inroads in countries like india, a market for which it has begun developing a small electric car. official data from china shows the country's crude oil imports from russia in may rose to more than 50% from a year earlier, making moscow its top supplier. oil refiners are cashing in on discounted supplies from russia, against the backdrop of western sanctions imposed on the country over its invasion of ukraine. cathay paci...

President Joe Biden on Wednesday called on U.S. oil refiners to produce more gasoline and diesel, saying their profits have tripled during a time of war

Supply isn't high enough. and when that happens, prices rise. only way to solve it is more supply or less demand. >> you've called some of these proposals from democrats against price gouging as a little bit, quote, gimmicky. and i wonder about your take for example on senator ron widen has said let's tax excess. first of all, i don't know what you determine how excess is. but i wonder if you actually think that that would make a meaningful difference or if that is missing the point here on the inflation point. >> look, at this point if you want to bring oil prices down, you need to increase o...

President Joe Biden wants U.S. oil refiners to produce more gasoline and diesel.