Chevron Becomes Texas Refiner
Petrobras had been the sole owner of the facility since 2008. Chevron U.S.A. Inc. (CUSA) has completed its $350 million acquisition of Pasadena Refining System, Inc. (PRSI) and PRSI Trading Continue Reading
Big Oil Profits Fall as Geopolitics Weigh on a Mainstay, Refining
The world’s largest oil companies are reporting underwhelming first-quarter profits as an array of geopolitical challenges and weaker prices around the world slowed recent progress in generating excess cash and Continue Reading
Exxon Sees its Worst Refining Performance in Years
Exxon Mobil Corp.’s worst refining performance in almost two decades may revive questions from analysts about the so-called integrated model engineered by founder John D. Rockefeller and espoused by every Continue Reading
Typical Worker’s Pay Nears $200,000 at Oil Refiner
It was a fruitful year for the rank and file at oil-and-gas companies, from Exxon Mobil Corp. to Phillips 66. Oil-and-gas drillers and refiners had some of the highest-paid median Continue Reading
Weak first quarter seen for U.S. refiners, but brighter summer expected
U.S. independent refiners are expected to roll out lower than expected first-quarter profits after a spate of outages, weak gasoline margins and a surge in the price of Canadian oil, Continue Reading
U.S. Refiners Gear Up For Busy Overhaul Season
American refiners are preparing for a busy overhaul season in the second quarter of the year as the entry into effect of the new International Maritime Organization’s emission rules approaches. Continue Reading
U.S. refiners planning major plant overhauls in second quarter
U.S. oil refiners are planning a heavy slate of plant overhauls in the second quarter, with total production this month off 8.5 percent compared with the start of the year, Continue Reading
Petrochemical Fire Near Houston Is Expected to Burn for Days
A large fire at a petrochemical storage facility near Houston sent a thick black plume of smoke over the U.S.’s fourth-largest city on Monday and was expected to continue for Continue Reading
IEA: Fierce Global Refining Competition May Lead To Closures
The global refining industry faces a wave of new capacity additions to 2024 that would greatly exceed demand growth for refined products, and this may result in refinery closures to Continue Reading
Motiva refinery managing fine in tight heavy crude market: Saudi Aramco
Heavy crude prices rise on US’ Venezuela sanctions Motiva can easily switch crude diet, Judaimi says US Gulf Coast coking margins take a hit London — A tight market for Continue Reading