Fuel News

President Trump has pushed to expand oil production, saying that will help ease energy bills and match the growing demand for power by industries like AI.

California and Arizona boast some of the country’s highest gasoline and diesel prices, owing in part to a loss of West Coast refining capacity.

Gas prices “have likely peaked” and are certain to decline once there’s a “resolution” to the war with Iran, Chris Wright said on CNN.

The price for a barrel of Brent crude oil climbed 3.8% to $93.84 on worries that Iran could keep petroleum pent up in the Persian Gulf.

A handful of oil tankers were racing toward the Strait of Hormuz on April 17 after Iran declared it open, even as industry groups urged caution.

U.S. oil cargoes transiting the Panama Canal are close to a four-year high as Asian refiners rush to import American crude in lieu of Mideast supplies.

The companies get a new day in federal court after a state jury ordered Chevron to pay upward of $740 million to clean up damage to the state’s coastline.

Brent crude, the international standard, dropped 10.5% to $88.96 per barrel. Benchmark U.S. oil tumbled 10.8% to $81.38 per barrel.

U.S. President Donald Trump and Iran’s foreign minister said April 17 that the Strait of Hormuz is now fully open to commercial vessels.

Requests to store distillate fuel in tanks with a railroad connection soared to 250,000 barrels in March, up from 30,000 barrels in February and none in January.