Valero Energy Corp

Valero's Port Arthur Refinery Incident Sparks Supply Concerns Amid Geopolitical Tensions

Emergency crews responded to an incident at Valero Energy's Port Arthur refinery Monday evening, with reports of flames and smoke. The facility processes 435,000 barrels daily, making any extended outage significant for fuel supplies.

Commodities 3d ago

Gasoline Futures Surge 6% on Middle East Supply Fears, Pump Prices Follow

NYMEX gasoline futures surged 6% Thursday as Middle East tensions threaten supply, with AAA reporting a 27-cent weekly jump at the pump to a $3.25 national average.

Commodities Mar 5

Exxon Mobil Diverts Fuel to Australia Amid Hormuz Closure, Lifting Oil Prices

Exxon Mobil is sending its first fuel cargo from the U.S. Gulf Coast to Australia since December to address Asian supply shortages caused by the Strait of Hormuz closure. Brent crude surged 4.7%.

Commodities Mar 5

Gasoline Prices Surge as Middle East Tensions Disrupt Oil Flow

U.S. retail gasoline prices climbed sharply as Middle East tensions disrupted oil shipments through the Strait of Hormuz, lifting fuel stocks and prompting major banks to raise crude price forecasts.

Commodities Mar 4

U.S. Gasoline Prices Surge Past $3 Amid Middle East Supply Fears

U.S. gasoline prices surged above $3 per gallon Tuesday, driven by a sharp rally in crude oil due to escalating Middle East tensions. Refiner stocks advanced as fuel margins expanded.

Commodities Mar 3

Exxon Rises on Mideast Tensions, OPEC+ Meeting Looms

Exxon Mobil shares climbed 2.7% to $152.50 Friday as Brent crude jumped 2.45% following military strikes on Iran. OPEC+ convenes Sunday to discuss potential output changes amid heightened Middle East supply risks.

Commodities Feb 28

Gasoline Futures Rally on Tight Supply, Pump Prices Poised to Climb

U.S. gasoline futures held a significant weekly gain near $2.01 a gallon, supported by a substantial inventory draw and rising demand. The national average pump price sits at $2.92, with refiners Valero and Phillips 66 seeing share gains.

Commodities Feb 20

Oil Markets Brace for Supply Shifts as Venezuela Sanctions Ease, OPEC+ Mulls Output Hike

Energy markets prepare for a volatile week with potential supply increases from Venezuela and OPEC+ discussions, while delayed U.S. inventory data adds uncertainty. Major oil shares showed mixed performance.

Commodities Feb 15

OPEC+ Weighs April Production Hike as Oil Market Braces for Supply Shift

OPEC+ members are set to discuss restarting oil production hikes next month, potentially adding supply as demand forecasts weaken. Key energy stocks showed mixed performance ahead of the decision.

Commodities Feb 14