oil archivos - SaintGeorge

Massive fire at Chevron refinery sparks safety concerns and fuel price fears

A massive fire broke out at Chevron’s refinery in El Segundo, the largest oil production facility on the West Coast. On the night of October 2, a massive fire broke out at Chevron’s refinery in El Segundo, the largest oil production facility on the West Coast, located near Los Angeles International Airport (LAX). According to […]

BP’s Energy Outlook Report: oil demand expected to keep rising

Oil company BP Plc has published its annual Energy Outlook report, indicating that global oil demand will continue to rise throughout the rest of the decade. Oil company BP Plc has published its annual Energy Outlook report, indicating that global oil demand will continue to rise throughout the rest of the decade. According to the […]

Tariffs could reshape U.S. fuel prices and global oil trade

The changes in tariffs on Mexico, Canada, and China represent the largest restructuring of crude and fuel trade flows. Tariffs on Mexico, Canada, and China began to be applied starting yesterday, Tuesday, March 4. One of the main concerns for consumers is the impact these tariffs could have on fuel prices across the United States, […]

California tops the list for highest fuel taxes in the U.S.

A Tax Foundation’s analysis revealed a list of states and their fuel taxes California, Illinois, and Pennsylvania lead as the states with the highest diesel and gasoline taxes, according to a new fuel analysis by the Tax Foundation. The study, published on August 6, evaluated state fuel tax rates as of January 2024. In 2024, […]

Summer fuel tax surge in five states

California, Indiana, Missouri, Illinois, and Virginia will see increases in fuel taxes starting July 1st Summer will not only bring an increase in temperatures. Starting from July 1st, California, Indiana, Missouri, Illinois, and Virginia will see relatively routine increases in fuel taxes take effect. According to reports, the states will experience an approximately 4-cent increase […]

Hurricane season: disruptions to refinery operations

Between 17 and 25 storms are expected and could result in significant disruptions to oil production Current reports indicate a downward trend in fuel prices, with a national average below $4 per gallon. However, projections of an active hurricane season could trigger a shift in this dynamic. According to the National Oceanic and Atmospheric Administration […]

A look at the declining diesel prices in the US

Despite conflicts in the Middle East and navigation diversions in the Red Sea, oil prices remain unaffected The average diesel price has decreased for the fifth consecutive week. According to the Energy Information Administration (EIA), this week’s average retail diesel price dropped by 4.6 cents, reaching $3.848 per gallon. Over the past five declines, the […]

Deterioration in the global diesel market

Diesel sales decline as drivers switch to other alternatives The global diesel landscape shows concerning signs of deterioration, causing unease among oil sector investors. Across Europe, the United States, and Asia, a noticeable decrease in markets has been observed, characterized by the absence of premiums in short-term prices. This phenomenon is commonly interpreted as an […]

Risks and price increases in world fuel production

Fuel production disruptions, transportation attacks, and Western sanctions are driving price hikes Disturbances in trade routes and refinery closures have contributed to the rise in global fuel prices. Increases in gasoline and diesel surpass those of crude oil in some major markets. Fuel production disruptions, transportation attacks, and Western sanctions are driving price hikes. Despite […]

Local oil market: countries adapt strategies in the face of Red Sea conflicts

Militant attacks in the Red Sea and rising freight costs are pushing the global oil market towards becoming more localized. Militant attacks in the Red Sea and rising freight costs are pushing the global oil market towards becoming more localized, favoring sourcing supplies from nearby locations to avoid high fees. The disruption of oil traffic […]