China refined the most crude oil in nearly two years in June, as plants returned from seasonal maintenance to seize on better margins for fuels like diesel https://t.co/zrSzAs0Jgi ...

China’s push to stockpile crude will help offset softer commercial demand and keep imports “robust,” according to Energy Aspects https://t.co/08ctbUzzJl ...

China’s purchases of Iranian crude rose in June to the highest since March’s record levels, in part because of speedier loadings as sellers sought to avoid getting tangled in the country’s conflict with Israel, according to data from Vortexa https://t.co/f9kA4SjkRC ...

Some of China’s largest ports have received Iranian crude this year, supporting a multi-billion oil trade https://t.co/ZgaPxW98xu ...

Mexican oil production is on track to plummet to levels last seen in the late 1970s before the start of the giant Cantarell field, posing a threat to US refiners at a time when they need oil from the country the most https://t.co/Ej4zhAPFyE ...

[Music] Every time you stop to refuel, you might wonder why the price at the pump fluctuates so much. Gasoline prices are influenced by several factors, with crude oil being the biggest component, making up nearly 49% of the cost. Distribution and marketing account for 19%.While refining and taxes each make up 16%. Crude oil is affected by economic conditions, geopolitics, supply and demand, and inventories. For the summer of 2025, the US Energy Information Administration predicts a 9% drop from the last ye ...