Oil Settles Higher as Market Doubts Progress in Iran Talks

Oil futures extended their rally with Brent rising for a fifth straight session as the market reconsiders reports of progress toward an agreement to reopen the Strait of Hormuz.

An Oil Refiner That Fled California Is Back-With a Giant Pipeline From Texas

Phillips 66's 900-mile pipeline will carry gasoline, diesel and jet fuel from the Texas Panhandle to Phoenix and Los Angeles.

Why the Real Oil Squeeze Is Happening in Refineries