Fires Still Burning at Texas Chemical Plant
Fires were still burning at a Texas chemical plant after multiple explosions injured three workers and forced residents of Port Neches to evacuate. As of about 6 a.m. local time Thursday, Continue Reading
US Refiners Reduce Crude Processing For First Time Since 2009
Refineries across the United States have reduced their total crude oil processing so far in 2019, as demand for oil products both in America and abroad has weakened, according to Continue Reading
Cause of Philadelphia fire sounds alarm over aging U.S. refineries
How did a piece of piping installed when Richard Nixon was U.S. president go without once being checked before leading to a fire that devastated the East Coast’s largest and Continue Reading
Too many refineries, not enough product demand will lead to closures, OPEC says
Vienna — OPEC on Tuesday said it expects 2.1 million b/d of refining capacity to be shuttered through 2025 due to overcapacity, and another 5 million b/d of further closures Continue Reading
Analysis: US crude inventories likely higher last week as refinery runs remain low | S&P Global Platts
US crude inventories likely climbed last week as many refiners remained in maintenance and imports climbed. Analysts polled by S&P Global Platts were looking for crude stocks to have climbed 2.5 Continue Reading
Winter Is Coming For Oil Refiners
The U.S. sanctions on Chinese tanker firms and the increased tensions in Middle Eastern waters have spoiled what many refiners had anticipated could be a bumper Q4 quarter just ahead Continue Reading
Refinery News Roundup: US refinery outages peak at 3.797 million b/d this week as IMO 2020 nears
New York — US refinery outages for the season peaked this week, reaching 3.797 million b/d offline for planned and unplanned work, about half of which is in the US Continue Reading
Fire forces Philadelphia Energy Solutions to file for bankruptcy again
Philadelphia Energy Solutions (PES) filed for its second Chapter 11 bankruptcy in less than two years on Sunday, a court filing showed, a month after a fire and explosion led Continue Reading
PES refinery outage adds to plight of homeless light sweet crude
A June 21 fire and explosion set to permanently close the biggest oil refinery on the U.S. East Coast has shaken markets as far away as the North Sea and Continue Reading
PES refinery expected to shut remaining units as crude supply dwindles: sources
The Philadelphia Energy Solutions refinery in Pennsylvania, the oldest and largest one on the U.S. East Coast, is expected to shut its remaining units on Monday as the plant uses Continue Reading