U.S.
Opinion: U.S. crude and fuel exports surge to record highs, but it's not enough
Much of the extra crude is heading to Asia, the region most affected by the effective closure of the Strait of Hormuz, the narrow waterway through which about 20% of the world's supply of crude and refined fuels passed prior to the start of the conflict.
Phillips 66, Kinder Morgan move ahead with new U.S. West Coast fuel pipeline
The Western Gateway Pipeline project comes as companies race to build a major new fuel pipeline to the U.S. West Coast ahead of planned refinery closures in California, a relatively isolated fuel market with limited pipeline links to major refining hubs, leaving it vulnerable to supply disruptions and price spikes.
Iron Mesa safely enters next phase of construction
Projects like Iron Mesa help ensure that raw natural gas can be safely processed into usable products, supporting energy demand while strengthening Phillips 66’s long-term Midstream network.
Oil tankers steer clear of Hormuz ahead of U.S. blockade
The move followed the collapse of weekend talks between Washington and Tehran, prompting President Donald Trumpto say on Sunday the U.S. Navy would enforce a blockade targeting vessels entering and leaving Iranian ports, even as Washington stressed it would not restrict transit through the strait itself.
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