The United States on Wednesday issued new sanctions targeting Iran's oil exports, including against a China-based "teapot" ...

The president is committed to driving Iran’s illicit oil exports, including to China, to zero,” the U.S. State Department stated.The post US sanctions small Chinese refinery, Iranian shadow fleet appe ...

Australia's top fuel retailer Ampol reported a 49% drop in first-quarter refining margins for its Lytton refinery in ...

Just a few months ago, Phillips 66 said it will shut down its refinery in the Los Angeles area by the end of 2025. Similar to ...

Refineries transform crude oil into valuable products, gaining when oil prices drop. Refining stocks offer portfolio balance, particularly as hedges against oil price flux. High utilization and ...

US imposes new sanctions on Iran’s oil industry, including a China-based teapot refinery, to intensify pressure on Tehran.

Renewable fuels groups are chalking up a win after the U.S. Court of Appeals for the Tenth Circuit vacated three Sinclair small refinery exemptions (SREs) on Wednesday. The now vacated exemptions ...

The U.S. on Thursday issued new sanctions intended to hit Iran's oil exports, including what the State Department said were the first U.S. measures targeting a Chinese "teapot refinery" processing the ...

Teapot refineries are small, privately-owned operations ... responsible for supplying the refineries. "Teapot refinery purchases of Iranian oil provide the primary economic lifeline for the ...