The tariff, according to an EU energy regulator who spoke with Reuters, is creating higher gas prices in some EU countries...

After a tumultuous period of geopolitics, traders are returning their focus to market fundamentals...

"...it has rendered reasonable debate on climate policy impossible..."

President Biden “wants to keep the price of gasoline affordable, and we’ll do what we can to make sure that that happens,”

...a small 715k barrel build in gasoline stocks is probably the most notable aspect of the report...

"The Middle East remains a powder keg, but in terms of oil production, it has yet to explode..."

Obviously, most folks want to maintain clean air, land, and water ecosystems...

"lower OPEC supply for longer, for instance because of geopolitical impediments to OPEC’s ability and/or desire to deploy spare capacity, could send Brent above $100 for some time."

...for a second consecutive month.

14% of Russia's refining capacity is offline...

Fusion on earth is a long, long, long reach. We’re getting there with each grasp of new understanding and knowhow.

"We estimate the US administration has the policy space to release up to 60 mn bbls of crude oil, boosting supply by 0.5 mbd per month if spread over four months"

...the opposite of what API reported.

Inventory draws across the board with distillates and crude stocks falling most...

Ukrainian drones hit the primary refining unit of Russia’s third-largest refinery southeast of Moscow more than 800 miles from the front line...

Weakening refining margins and carbon taxes put a fifth of global refining capacity at risk...

“They look like somebody took a shotgun and blasted"

Energy is a "cash machine and a geopolitical hedge"...

...the official data showed gasoline stocks building last week (first build in 8 weeks) and stocks at the crucial Cushing hub surged by the most since Jan 2023...

...but gasoline stocks fell for the 8th straight week...