Refining & Markets
Crude oil, refinery runs, and the crack spread: the upstream economics that set what fuel buyers downstream pay.
Latest Brief · Jul 03
Brent drops to low $70s in fourth straight weekly loss as Hormuz flows return
Crude is back near pre-war levels. Brent is trading in the low $70s and WTI is below $70, both on track for a fourth straight weekly loss as oil starts moving through the Strait of Hormuz again. For US jobbers and haulers,…
Weekly Brief · Jun 29
Oil climbs as U.S.-Iran fighting resumes and Russian refinery strikes cut a quarter of output
Crude prices were higher early Monday after a fresh U.S.-Iran escalation over the weekend. The move up was slower than you'd expect, because traders are still betting on a peace deal and largely ignoring the bullish signals…
Refining & Markets, the wire
- Drones halted operations at an oil refinery in Russian Kstovo GN: Refinery
- OPEC's oil output surged last month but remained significantly below pre-war U.S.-Iraq levels | Global Markets GN: OPEC
- Refiner Profits Are Soaring GN: Gasoline prices
- OPEC Oil Output Increased Significantly in June, According to a Reuters Survey GN: OPEC
- OPEC Oil Production Jumps, But Gulf Supply Is Still Far From Normal OilPrice.com
- OPEC June Output Surges Over 2.3 Million Barrels, Oil Market Returns to Oversupply GN: OPEC
- Moscow boosted refinery subsidies sixfold in June, paid 210.6 billion rubles GN: Refinery
- Georgia’s only oil refinery to stop processing Russian crude from August, company says GN: Refinery
- OPEC oil output jumps in June as Gulf producers begin reviving supply, Reuters survey shows GN: OPEC
- OPEC crude output jumps as Gulf exports resume after US-Iran peace deal GN: OPEC
- Lukoil's largest oil refinery halts operations after drone attack GN: Refinery
- OPEC Sees Significant Oil Production Increase Amid Peace Deal GN: OPEC
- OPEC+ Eyes Further 188,000bpd Output Hike as Strait of Hormuz Gradually Reopens GN: OPEC
- Locked-out oil refinery workers rally in Chicago GN: Refinery
- Oil Markets Grow Numb to U.S.-Iran Ceasefire Drama OilPrice.com
- TotalEnergies Offers Millions of Barrels of Iraqi Crude to Asian Buyers OilPrice.com
- OPEC oil production surged last month, but remains significantly below pre-U.S.-Iran conflict levels GN: OPEC
- Opec output surged in June as Hormuz flows jumped, survey shows GN: OPEC
- Drone Strike Halts Operations at Russia's Key Oil Refinery GN: Refinery
- Georgia refinery to end Russian crude imports by September GN: Refinery
- Japan's Top Oil Refiner Eyes a Post-Hormuz Future OilPrice.com
- How gas prices have changed in North Dakota in the last week GN: Gasoline prices
- Alfa Laval to Supply HVO Technology for Biorefinery GN: SAF (sustainable aviation fuel)
- ‘Pipe failure’ at Marcus Hook refinery brings fire department GN: Refinery
- Citi: Oil Could Sink to $60 as Hormuz Traffic Normalizes OilPrice.com
- Crude cools down: What falling oil prices mean for your wallet and markets — explained in 10 charts GN: Diesel prices
- The first phase of the green hydrogen plant at the Rijeka Refinery is now complete GN: Refinery
- Oil Set for Fourth Straight Weekly Loss as Hormuz Flows Return OilPrice.com
- Company Operating Kulevi Refinery Says It Will Process ‘Entirely Non-Russian Origin’ Crude Oil GN: Refinery
- Black Sea Petroleum: Kulevi refinery to start processing non-Russian crude oil GN: Refinery
- Georgian oil refinery in Kulevi that received “shadow fleet” vessels vows to stop processing Russian crude by September GN: Refinery
- Putin shrugs off refinery strikes as fuel shortages grow and ceasefire stalls GN: Refinery
- Energy Stocks to Watch as Fuel Prices Reshape Drilling and Ethanol Demand Biofuels topic (GN)
- Crude oil prices have fallen to pre-war levels, but gas prices haven’t – what gives? GN: Gasoline prices
- Tehran Is Racing the Clock to Export as Much Oil as Possible OilPrice.com
- Georgia's only oil refinery to stop processing Russian crude GN: Refinery
- U.S. Refiners Are Running “Incredibly Hard.” Here’s Why Gas Prices Aren’t Falling GN: Gasoline prices
- OPEC+ Plans Another Output Hike. The Market Barely Notices. OilPrice.com
- OPEC Plans Another Output Hike. The Market Barely Notices. GN: OPEC
- Hormuz in the rearview as Asia-US ocean container rates soar past $7,900 FreightWaves
- Gasoline prices fall again in New Jersey; domestic inventories lowest since 1984 GN: Gasoline prices
- Green Hydrogen Plant at Rijeka Refinery Phase 1 GN: Refinery
- Oil Glut Calls May Be Getting Ahead of Reality OilPrice.com
- Crude Prices Tumble as Global Oil Supplies Normalize GN: Gasoline prices
- Fuel price cut unlikely soon despite fall in global crude oil prices: Hardeep Singh Puri GN: Diesel prices
- No immediate relief; petrol, diesel prices may be cut only after lower crude prices persist: Govt GN: Diesel prices
- Georgian refinery announces plan to stop importing Russian oil GN: Refinery
- USA Crude Oil Stocks Drop Almost 4MM Barrels WoW Rigzone
Refining is where crude becomes fuel, and its economics ripple straight to the rack and the pump. This section follows crude benchmarks, refinery runs, and the crack spread that signals how hard refiners will run.