White House calls for additional refinery waivers in order to lower pump prices
According to two officials in the administration, the White House asked federal environmental regulators for permission to allow small oil refineries across the country to mix…
US farmers harvest the second largest corn crop in history despite lower yields
The U.S. Department of Agriculture announced on Wednesday that farmers in the United States will harvest their?second-largest?corn crop ever this fall as adverse weather conditions…
Bunge's strong processing margins helped it beat second-quarter earnings estimates
Bunge raised its full-year profit forecast on Wednesday, after exceeding Wall Street expectations?for the second-quarter earnings. This was aided?by strong performance s in…
The Australian oil refinery's re-orientation will have to overcome several obstacles
The proposal by Australia to build its first oil refinery for 60 years is hampered by a lack of crude supplies, an uncertain fuel demand in the future, and a builder who has little experience refining.
Electricity prices rise in the US Midwest amid heatwave
The wholesale electricity price in the U.S. Midwest spiked to more than $500 a megawatt-hour on Tuesday as wind production?came below 'forecasts' and hot weather taxed fossil fuel plants.
Maguire: Wildfires are a threat to the US power sector in multiple ways.
Wildfire season in the American West was seen as a major threat for years. It affected homes, forests, and utilities. As smoke from fires blankets vast swaths across the country…
Union urges investors and BP to put pressure on BP to end US Midwest refinery locksout
The union representing 800 workers at BP Whiting, Indiana refinery urged investors to put pressure on the British 'oil major, BP, to end a four-month lockout. They argued that…
Chevron to continue securing deals for US data centers
Chevron has been negotiating additional data-center deals in the U.S. including the Midwest, Rockies and Gulf Coast following its two-decade contract to power a Microsoft Data Center in West Texas.
The $1 trillion grid problem in the U.S. could mean a payout of $1 billion for CEOs of power companies
Increased reliability issues in the U.S. electrical grid have led to higher power bills at millions of businesses and homes. The executives who are tasked with fixing it will be rewarded handsomely.
Due to high fuel prices and mandates, US oil refiners are finally able to profit from biofuels.
U.S. refiners have finally reaped profits from renewable fuels. These fuels had been squeezing margins for many years. But now, demand has risen due to government mandates on…
BP will meet with union leaders for Whiting refinery talks next week
BP and the United Steelworkers union announced on Wednesday that they will be meeting with 'union leaders' on Monday in order to re-start contract negotiations at their oil refinery in Whiting, Indiana.
Grain trader ADM raises profit forecast for 2026 on the strength of crush margins and biofuel demand
Archer-Daniels-Midland on Tuesday raised ?its forecast for full-year adjusted profit ?and beat quarterly earnings estimates, citing a strong oilseed processing ?outlook and…
After a slow year, the biodiesel sector is now facing record US biofuel goals.
In spite of the fact that it is still recovering from a difficult year, the U.S. Biodiesel Industry will find it hard to ramp up production quickly enough in order to meet one…
After a slow year, the biodiesel sector is now facing record US biofuel goals.
This year, the U.S. Biodiesel Industry, which is still recovering from a difficult year, will find it hard to ramp up production quickly enough to meet one of the most ambitious…
DTE Energy's energy trading unit is losing money, and it missed the quarterly profit estimate.
DTE Energy, a utility in the Midwest of the United States, missed Wall Street's expectations for first-quarter profits on Thursday. This was due to a swing from a profit to a loss at its energy trading business.
Peak demand season is approaching, and gasoline stocks are plummeting. Prices are also rising.
As the summer driving season begins, U.S. motorists can expect an increase in gas prices as the conflict in Iran pushes oil prices up and forces countries to rely on American energy.
BP's lockout at Indiana refinery extends into a second month after union talks stall
A lockout at BP's 440,000-barrel-per-day ?refinery in Whiting, Indiana, enters its second month as the ?British oil major and ?hundreds of union workers ?remain ?at odds. BP…
Karen Braun: Weather, war and low prices will cloud the outlook for US corn in 2026.
After last year's record-breaking crop, U.S. farmers are now back in the fields, planting corn for?2026. However, this time, they have a completely different setup. Early estimates…
Union calls for return to negotiations after BP locks out Indiana oil refinery
The United Steelworkers stated on Monday that BP engaged in unfair 'labor practices' by locking out nearly 800 workers at a?Whiting oil refinery. They urged BP to resume contract negotiations.
BP revised its Whiting oil refinery offer after unions rejected the proposal
BP issued a revised offer of a contract to its union?workers in its Whiting, Indiana oil refinery. This was after members of the United Steelworkers overwhelmingly refused what…