Crack spreads have hit record highs, keeping gas and diesel prices elevated. See why refiners like Marathon and Valero are surging.

At least 16 people were killed as Russia and Ukraine exchanged fresh strikes, while Kyiv expanded its long-range drone campaign with attacks on a Siberian oil refinery and other targets inside Russia.

Drones operated by Ukraine's Special Operations Forces (SOF) have once again struck the Tyumen Oil Refinery despite its location deep inside Russia – more than 2,000 km from the Ukrainian border –

Gallo Partners' Michael Alfaro argues refining has become the oil market's key bottleneck as attacks on processing infrastructure across multiple conflicts squeeze fuel supplies. He says an attack on Saudi Arabia's East-West Pipeline would represent a significant escalation,

Greek Patriot battery intercepts two ballistic missiles from Yemen targeting Saudi Arabia’s Yanbu refinery complex.

Ukraine's military launched drone attacks on various Russian regions overnight on July 23, striking an oil refinery and logistics infrastructure, Russian Telegram media channels reported, citing

The attack underscores Kyiv's enhanced long-range drone capabilities and comes on the eve of a crucial NATO summit.

Refinery stocks like Marathon Petroleum and Valero have delivered gains that crush the S&P 500 this year, and crude oil prices have almost nothing to do with it. One obscure industry metric explains everything,

The strike on Omsk, about 1,700 miles away, is Ukraine's longest-range attack on Russia since the war began.

Canada’s largest oil refinery is planning to shut down for maintenance in the fall, potentially exacerbating fuel market tightness in northeastern US states that rely on the plant for gasoline and diesel imports.

Saudi-led coalition forces in Yemen carried out airstrikes Friday against Houthi military sites in the western port city of Hodeidah, in response to attacks on Saudi-linked shipping in the Red Sea, the coalition said.