Oil refiners are required to meet EPA targets for biofuel use. Each year, the EPA is required to set targets for biofuel use. "If EPA is going to use an extraordinary action like a waiver, then at least EPA must remove any structural impediments that prevent penetration of renewable fuels," Alonso said.» Read More
India's Reliance Industries plans to invest about $13 billion in energy projects, including a 400,000 barrels per day crude refinery.
BP said its largest U.S. refinery, at Whiting, Indiana, continued to operate on Thursday morning following a blaze the night before.
Mexico's new energy reforms will not only increase foreign investment, but will also help domestic firms across the economy.
CNBC's Jim Cramer shares his opinions on the high price of oil, and U.S. regulations on exporting.
CNBC's Jackie DeAngelis reports crude oil inventories drew down 579,000 barrels.
BP will use unmanned aircraft systems to conduct aerial surveys of Alaska's North Slope.
India is set to pay Iran $1.65 billion under an interim nuclear deal that eases sanctions and gives Tehran access to $4.2 billion in blocked funds.
U.S. oil futures slipped further below the key $100 a barrel level, and international crude moved closer to U.S. prices as some geopolitical pressures eased.
The next move for world oil prices is likely lower, as growing U.S. oil production outweighs the impact of elevated tensions surrounding Ukraine.
BP says a malfunction at its Whiting refinery in Indiana let crude oil into Lake Michigan, reports CNBC's Sue Herera.
U.S. shale oil drillers are being treated as "milk cows" for refiners due to Washington's longstanding ban on U.S. crude exports, one of the top drillers has complained.
Malcolm Graham-Wood, founding partner at Hydrocarbon Capital, says Shell's earnings were "disappointing" after the company announced that fourth quarter profit will be "significantly lower than recent levels".
Abhishek Deshpande, oil and gas analyst at Natixis, says it is unclear how much oil Iran will bring to the market when the sanctions are lifted.
Deutsche Bank's Paul Sankey explains why his firm ungraded Valero, Phillips 66 and other refiners to a buy.
Jim Cramer explains what to watch ahead of the open, including Valero Energy and WhiteWave Foods.
Oil refiners like Marathon and Valero are up over the past month. Pavel Molchanov of Raymond James, says there is more room to the upside for some of these stocks.
Gregory Zuckerman, The Wall Street Journal senior writer, says to focus on the mid-size and smaller players in the oil space for the most profit.
Vandana Hari, Asia Editorial Director at Platts talks about the changing face of global energy landscape and highlights the upcoming key players.
Paul Sankey, Deutsche Bank, says there will be an oversupply of WTI crude by the middle of 2014. Going forward Sankey likes refining stocks.