Valero Energy Corporation

Woods Cross, Utah – September 24, 2026 -- Sky Quarry Inc. (NASDAQ: SKYQ) has restarted its Eagle Springs Refinery near Ely, Nevada, the only crude oil refinery in the state, after receiving an air permit from the Nevada Division of Environmental Protection.

The restart follows the loss of two major West Coast refineries within roughly a year. Phillips 66 ended refining at its Los Angeles plant in late 2025 and Valero wound down refining at its Benicia site in early 2026; together the two facilities had accounted for about 17% of California's refining capacity and 11% of PADD 5 capacity, according to the U.S. Energy Information Administration.

NEW YORK – September 17, 2026 -- Crude settled near $100 a barrel Friday after Iranian state media said Tehran would meet Gulf states in Oman to discuss the Strait of Hormuz, capping a second consecutive weekly gain despite the pullback. The International Energy Agency now forecasts global oil demand will fall by 2.5 million barrels a day in 2026, roughly 940,000 barrels a day deeper than its estimate a month earlier, while the U.S. Energy Information Administration raised its second-half 2026 Brent forecast by $8 to around $90 a barrel in its September 9 Short-Term Energy Outlook. OPEC cut its 2026 demand growth forecast for a fifth consecutive time.