Markets

REFINERY THROUGHPUTS
US Refining Windfall: MVP (“Big Three”) Capitalize on Global Crude Oversupply
As the global oil market grapples with a persistent surplus that has squeezed upstream drillers and pushed Brent crude prices down by approximately 10% over the last 12 months, US refiners have emerged as the primary beneficiaries.
February 13, 2026
REFINERY THROUGHPUTS
Proposed Western Gateway Pipeline to Deliver Midcontinent Fuel to California Amidst Refinery Closures
Phillips 66 and Kinder Morgan Inc. have launched an open season for the proposed Western Gateway Pipeline, a new system designed to transport gasoline and other refined motor fuels from the Midwest/Gulf Coast refining hubs to California, Arizona, and Nevada.
October 25, 2025
REFINERY THROUGHPUTS
Good News for Refiners: Geopolitical Risk Fuels Record 3Q Refinery Margins Despite Stable Crude Prices 
The third quarter of 2025 was characterized by
October 12, 2025