Page 34 - Oil Refiners News Today : Breaking News, Live Updates & Top Stories | Vimarsana

President Joe Biden on Wednesday sent a letter to seven major oil refiners blasting them for record profits amid the war in Ukraine as Americans pay record prices at the gas pump. In the letter, he informs them he has ordered Secretary of Energy Jennifer Granholm to convene an emergency meeting with company executives to provide an explanation of any reduction in refining capacity since 2020. While acknowledging that "Putin's war of aggression" has dwindled the world supply of oil, Biden also po

Gas prices nationwide are averaging roughly $5 a gallon.

Brent crude futures LCOc1 fell $2.06, or 1.7%, to $119.95 a barrel by 0033 GMT while US West Texas Intermediate crude CLc1 was at $118.54 a barrel, down $2.13, or 1.8%.

Russian refineries processed 19.96 million mt of crude, or 688,400 mt/day, over the May 1-29 period, up 9.3% from April, according to energy ministry data reported by Russia’s Tass news agency. However, throughput over May 1-29 was lower than the 23.046 million mt Russian refineries processed in May 2021, according to S&P Global Commodity Insights ...

Stock market indices in red: Sensex plunges 1,309 points amid global selloff; IT stocks worst-hit