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Drone strike hits Bahrain refinery as crack spreads surge

A drone strike hit oil infrastructure in Bahrain's Ma'ameer industrial area, according to multiple early reports Thursday ...

As oil industry in California wanes, what will become of shuttered refineries?

The Phillips 66 Los Angeles Refinery could be a test case for how the state and local governments should handle refinery ...
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4 High Yield Refiners Built for Exactly These Spiking Oil Prices and Geopolitical Swings

When crude prices surge on geopolitical shock, refiners do not all respond equally. The death of Iranian Supreme Leader Ayatollah Ali Khamenei on February 28, 2026, per NPR reporting, sent immediate ...
Crude Oil Prices

Refinery Shutdowns, Growing Demand Could Send Fuel Inventories to 25-year Low

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. EIA: fuel inventories could plunge to the lowest levels since 2000. The refining industry ...
Crude Oil Prices

Marathon Petroleum Beats Earnings Expectations as Refining Margins Surge

Marathon Petroleum (NYSE: MPC) beat fourth-quarter earnings expectations by a mile as refining margins surged in the latter part of 2025. One of the biggest U.S. refiners on Tuesday reported ...