Refining profit nearly doubled to $6.06 billion on 98% utilization and a third-quarter record 41% distillate yield. Record output is the good news. The margin is the warning. By Energy News Beat | Oct. 28, 2026 Company results from Phillips 66’s Form 8-K, Exhibit 99.1, filed Oct. 28, 2026; diesel, utilization and capacity data from […]
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Yemen’s Houthis say they hit Saudi Arabia’s largest refinery. Saudi Arabia has confirmed interceptions, not damage. Crude fell Tuesday on diplomacy and rose Wednesday on fear, while the national average held at $4.25 a gallon. By Energy News Beat | Oct. 28, 2026 | AAA read 6:14 a.m. CT Yemen’s Houthis say they hit Saudi […]
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ENB Pub Note: This article first ran on America Outloud By Yoshihiro Muronaka, and Ronald Stein. We highly recommend subscribing and reading everything from them! When Iran closed the Strait of Hormuz at the end of February, the world relearned a lesson it keeps forgetting: crude oil, by itself, moves nothing. Trucks, tractors, aircraft and […]
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Crude slipped on talks in Tehran, but diesel at $6.35 and heating oil near $4.83 wholesale are what families feel. What happens with Iran, not a campaign promise, will set the price at your pump on Nov. 3. By Energy News Beat | Oct. 27, 2026 | Prices checked 2:51 p.m. CT If you filled […]
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DOE approves an exchange of up to 400,000 barrels from an SPR already at its lowest level since 1982. A Phillips 66 spokesperson said the company expects no hit to operations. If you fill up anywhere in Louisiana or the Southeast, this one is worth a minute. On Friday, Oct. 23, the U.S. Department of […]
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Exxon, Chevron, Shell and BP report this week. Crude slipped last quarter, but diesel did not. Refiners’ margins roughly tripled from a year ago, and EIA data show refining now takes a bigger slice of every gallon you buy. By Energy News Beat. AAA prices read Oct. 27, 2026, 6:57 a.m. CT; EIA data checked […]
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We checked all six claims against EIA, DOE, EPA and IEA records. Three are moving real barrels today, but only one at scale. The rest are small, slow, disputed or not about gasoline at all. By Energy News Beat If you filled up this weekend, you paid about $4.29 a gallon for regular and $6.35 […]
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Moscow says three cargoes are on the water under the Trump-Putin diesel deal. Diesel is $6.34 a gallon, up $2.70 in a year, and Russia’s drone-battered refineries are the real bottleneck. Why Russia has so little to sell Russia has about 6.5 million barrels a day of installed refining capacity across 32 major refineries, but […]
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Eight months into the U.S.-Iran conflict that began in late February 2026, the Strait of Hormuz remains a restricted and dangerous chokepoint. Iranian attacks on commercial shipping have reached their highest levels of the war in October, with dozens of incidents reported and tankers still moving under U.S. naval coordination—often with AIS transponders off. While […]
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Thanksgiving fares are up 31% and Christmas fares 23% from last year as jet fuel tops $4.90 a gallon. Airlines are passing on part of the bill and trimming their least profitable flights. If you are flying home for Thanksgiving this year, brace yourself. Hopper’s 2026 Holiday Travel Index puts the average good-deal domestic round […]
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