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The Crack Spread index, which tracks the spread between crude oil and refined products from the average US refinery, surged to a record high of $75 per barrel in September 2026. This marks a near 200% increase since mid-February, before the US escalated threats of strikes on Iran. The conflict led to naval blockades th
US heating oil futures sank 2.7% to $4.80 per gallon on Wednesday despite a surge in crude oil prices after reports stated that the Trump administration could ban diesel exports for 90 days. The proposal faces divisions within the administration and the oil industry as market fundamentals clash against high diesel pric
Navigator Holdings (NYSE: NVGS ) held its second-quarter earnings conference call on Wednesday. Below is the complete transcript from the call. APIs provide real-time access to earnings call transcripts and financial data. Visit to learn more. The full earnings call is available at Summary Navigator Holdings reported r
Phillips 66 (NYSE: PSX ) stock traded lower Wednesday despite reporting second-quarter earnings and revenue that topped Wall Street estimates, as a broad selloff in energy stocks and weaker crude oil prices overshadowed the strong results. The company reported adjusted earnings of $9.41 per share, beating the analyst c