US Supreme Court to hear dispute over California tailpipe emissions, EV standards

Clean fuel tax credit guidelines delayed, shares of Darling Ingredients drop

The Biden administration delays clean fuel production tax credit guidelines, impacting biofuel and airline industries and raising uncertainty over sustainable aviation fuel (SAF) production.

Another US oil refinery to vanish with Lyondell Houston plant closing

LyondellBasell announced plans to permanently close its Houston refinery by Q1 2025 amid decreasing U.S. fuel demand and increasing renewable energy pressures.

Refiner PBF Energy posts bigger-than-expected Q3 loss as margins collapse

PBF Energy reported a larger-than-expected loss in Q3 due to weak fuel demand, with refining margins down significantly. Future throughput and increased dividends were announced.

Earnings call: Valero reports decreased net income in Q3 2024

Valero Energy shares edge higher on better-than-expected results

Valero Energy exceeded Q3 earnings and revenue expectations, reporting $1.14 per share and $38.88 billion in revenue, but refining income fell significantly.

Valero Energy quarterly profit plunges on weak refining margins

Valero Energy reported an 86% drop in Q3 profit due to falling refining margins, despite exceeding Wall Street expectations with higher revenues and sales volumes for renewable diesel.

Union Pacific, Dow Chemical, UPS lead earnings parade Thursday

A summary of companies reporting earnings on October 24, 2024, including estimates for EPS and revenue for various industry leaders.

US West Coast refiners still waiting for TMX margin boost

The expanded Trans Mountain pipeline has not significantly impacted U.S. West Coast crude costs; most TMX barrels are being exported to Asia, surprising analysts.