A fire was burning out of control at an oil refinery in Pennsylvania on Friday morning, a Philadelphia fire department official said, as NBC Philadelphia reported a series of explosions Continue Reading
Gulf Coast Global Ventures JV expects to break ground during third quarter. Exxon Mobil Corp. and Saudi Basic Industries Corp. (SABIC) will proceed with construction of a 1.8-million-metric-ton ethane steam Continue Reading
Shell has struck a deal with refiner PBF Energy to sell it its refinery in Martinez, California, for up to US$1 billion, depending on the closing date, the buyer said Continue Reading
The downstream sector of the oil and gas market may be facing challenging times ahead as the demand picture for refined products such as diesel, gasoline, and petrochemicals is expected Continue Reading
As the first month of theoretically no Iranian crude oil exports comes to a close it seems that Asian refiners have been able to cope with the loss of supplies, Continue Reading
A global shortage of heavy crude will create hurdles for America’s key refining belts just as they ramp up gasoline production for summer driving season. In the Gulf Coast, dwindling Continue Reading
Asia’s oil refiners are considering reducing output after margins slumped to their lowest for the season since 2003, according to industry sources and Refinitiv data. Companies that planned to trim Continue Reading
U.S. refiners had a plan for 2020: use their complex operations to maximize profits by making products that would comply with new international laws capping sulfur content in shipping fuels. Continue Reading
US cracking margins gained last week as strong economic indicators supported rising gasoline demand, aided by healthy export demand for refined products, an analysis by S&P Global Platts showed Monday. Continue Reading
Exxon Mobil Corp plans to invest an additional $2 billion in a three-year expansion project at its Baytown, Texas, chemical complex, the company said on Thursday. Exxon will add a Continue Reading
