Downstream Operations

GREAT BARRINGTON, Mass.—When American Airlines pilot Kent Wien goes flying for fun, his routine includes a long detour: a 90-mile round-trip flight from his base in Poughkeepsie, N.Y., to this town in the Berkshires to buy unleaded aviation fuel.Lead was banished from U.S. gasoline 25 years ago, but it is still found in nearly all avgas, the fuel for many propeller planes. Great Barrington’s small landing strip is the only airport anywhere around that sells a lead-free alternative. The limited availability of unleaded…

ISLAMABAD—The war in Ukraine is depriving far-away developing countries of electricity, as the world’s supply of liquefied natural gas used to produce power is swallowed up by European nations as an alternative to Russian gas. A tender from Pakistan for around $1 billion of liquefied natural gas attracted no offers Thursday , Pakistani officials said. Each day, businesses and homes are suffering hours of government-imposed electricity shutdowns because the country can’t import enough natural gas to fuel power plants. The…

United States Steel said it plans to end steel production at its Granite City, Ill., mill and use the plant to produce pig iron.Pig iron is ore reduced to molten iron in a coal-heated blast furnace. When it Is cooled, it can be mixed with scrap and melted into new steel in electric furnaces. Pig iron supplies have tightened since Russia’s invasion of Ukraine ended shipments from the two countries, which have been the world’s biggest sellers of pig iron. United States Steelsaid it plans to end steel production at its…

WASHINGTON—President Biden is planning to call for a temporary suspension of the federal gasoline tax, according to people familiar with the matter.Mr. Biden and his advisers have been discussing the issue for months in the midst of increasing political pressure to take action to address record-high gas prices. The announcement is expected Wednesday, some of the people said. The White House said Mr. Biden would deliver remarks on gas prices at 2 p.m. Eastern Time, but didn’t provide any details on the speech. “President…

Venture Global LNG Inc. has struck the first binding deals by a U.S. natural-gas exporter to supply natural gas to a German company, as the European nation turns to America to help replace supplies from Russia. On Tuesday, Venture Global said it agreed to sell 1.5 million metric tons of liquefied natural gas a year in two separate 20-year deals with German energy company EnBW Energie Baden-Württemberg AG EBK -0.23% , starting in 2026.…

WASHINGTON—President Biden said Monday that he may make a decision on seeking a pause to the federal gasoline tax by the end of the week, as Americans deal with soaring gas prices. Mr. Biden told reporters in Rehoboth Beach, Del., that he is considering a gas tax holiday. “I hope to have a decision based on the data I’m looking for by the end of the week,” he said. Gas prices started increasing last year and surged following Russia’s invasion of Ukraine, which disrupted the…

A rapid rise in American fuel exports this year has helped push gasoline prices to a record $5 a gallon and is pressuring U.S. prices of natural gas, which hit the highest levels in over a decade earlier this month.In recent months, companies and commodities traders have shipped more U.S. gasoline and diesel to Latin America and other foreign markets, reaping higher prices than the fuel could fetch domestically. They have also sent more liquefied natural gas, or LNG, to Europe after Russia’s invasion of Ukraine. The jumps…

Walt Disney Co. DIS -2.17% will pay $3 billion to retain the right to broadcast cricket’s popular Indian Premier League on its Star India television network, although it lost streaming rights to rival Viacom18, the Board for Control of Cricket in India, the competition’s regulatory body, said Tuesday. The closely watched, multiday auction generated $6.2 billion for the league’s organizers, nearly three times the price that rights last sold for at auction in 2017. The…

Viacom18 has won streaming rights to cricket’s Indian Premier League, according to people familiar with the situation, taking a valuable property away from Walt Disney Co. DIS -3.71% as competition in sports-streaming rights intensifies.The winning bid from Viacom18, a joint venture between Paramount Global, PARA -8.12% Indian billionaire Mukesh Ambani’s Reliance Industries Ltd.…

TotalEnergies CEO Patrick Pouyanné, wearing glasses, and Qatari Minister of Energy Saad Sherida Al-Kaabi met at QatarEnergy headquarters in Doha, Qatar, on Sunday. Photo: karim jaafar/Agence France-Presse/Getty Images…