The Biden administration on Friday denied almost all outstanding petitions from oil refiners asking to be exempted from mandates that require them to mix biofuels into their fuel. The Environmental Protection Agency (EPA), which has the authority to issue the exemptions, denied

Libyan oil fields closure could lead to announcing force majeure, the oil ministry said late on Friday, a day after three oilfields were shut in protest against the abduction of a former finance minister. #oott #libya #oil #crudeoil #crude #ulsd #diesel #gasoline

US drought monitor still showing severe issues in the Midwest, that will inevitably lead to some lower diesel demand in the fall than expected in PADD2, as crop growth has been affected. #oott #diesel #ulsd #crops #drought #oil #crude #gasoline

Heat warning and heat advisories continue across the Southwest and Deep South US regions. Again this week we saw the issues of high heat affecting refinery runs in PADD3 with several minor issues and a CDU down at Exxon Beaumont. #oott #refinery #oil #crude #ulsd #diesel

Canadian wildfire smoke again causing havoc on the East Coast, with some severe air quality warnings in the New York are in particular. Feel sorry for the billionaires in the Hamptons trying to live a nice clean life. #oott #ulsd #ulsd #gasoline #crude #wildfires #canada #energy

Big recovery this week from the -70cpg basis range to -20cpg basis range in Chicago ULSD. Wyoming, Montana and Colorado lead the way on strongest markets. Meanwhile big drops in California overnight, as Los Angeles Carbdiesel looks hugely overpriced given weakness in Nevada and

Developing problems for the food supply chain this morning. Grain depots and export facilities have been hit hard in the Ukraine, which will inevitably lead to higher food prices for many. #food #supplychain #ukraine #russia #grain bbc.com/news/world-eur…

Midwest diesel markets starting to drop back again after bouncing off last weeks' lows. #arb #diesel #ulsd #bloomberg #dtn #rail #oil #energy

Updated wildfire smoke map, whilst all the headlines are from affected US territories, spare a thought for NWT in Canada that is just covered in smoke... #wildfires #energy #smoke #oott #travel #oil

More extreme heat induced refinery issues.... Headline - ExxonMobil Baton Rouge, La. Refinery Catcracker Forced To Shut for Unplanned Repairs #oott #oil #energy #gasoline #exxon #jetfuel #diesel #crude

EXPLOSION REPORTED AT OIL REFINERY IN RUSSIA'S SAMARA - LOCAL PARLIAMENTARY DEPUTY

Back to normality in PADD2 with some refinery issues pulling the Chicago region back closer to flat to NYMEX HO. Low to High spread on US diesel compressed to just 54cpg (having been over 100cpg for most of the last 4-5 months). Notable strength in Oregon and Nevada

A lot of WTI spread buying to come over the next month.....USO going back into majority prompt contract. Front-running to commence asap.... bloomberg.com/news/articles/…

Louisiana oil refinery fire continues to smolder, production curbed | Reuters reuters.com/business/energ…

Firefighters remain Sunday at Marathon oil refinery. "Some small fires still occurring". #crude #oil #refining #diesel #gasoline #jet nola.com/news/firefight…

The Saudis Are Dead Serious On Pushing Oil Prices Higher #oil #crude #diesel #gasoline #jet #saudi #opec #oott seekingalpha.com/article/463132…

Global Jet demand set to top 2019 pre-pandemic levels in early 2024, thanks to rocketing Chinese travel demand. As we all know US and European demand already exceeded earlier this year.... #oil #energy #jet #diesel #oott #china

Quick look at the Aug 25th close holdings for USO, shows that there is over 10mil bbls of Oct23 WTI buying to do vs deferred months (between Nov23 and Jun24). This is after the news that the fund will revert to its original investment strategy of having almost all risk in prompt

- Utah and Oregon leading the way on Diesel basis. - California racks a little lower after a huge run up on bulk prices in Los Angeles over the last couple weeks. - Weakness prevailing in Illinois, Michigan and Wisconsin. #diesel #ulsd #oil #energy #racks #energy #crude

FIRE BREAKS OUT IN GASOLINE UNIT AT MARATHON GALVESTON BAY TEXAS REFINERY -SOURCES - REUTERS #oott #gasoline #energy #oil #refining