Baystar is also building a steam cracker in Port Arthur Bayport Polymers LLC (Baystar) reported Thursday that it has officially broken ground on its new 625,000 metric ton-per-year polyethylene (PE) Continue Reading
Philadelphia Energy Solutions Inc, owner of the largest and oldest refinery on the U.S. East Coast, is facing another financial crisis just months after emerging from a controversial bankruptcy, according Continue Reading
NEW YORK (Reuters) – Delta Air Lines wants to sell its oil refinery in Trainer, Pennsylvania, after attempts to offer a partial stake in the plant late last year failed, Continue Reading
The United Steelworkers union (USW) and Shell Oil Co reached a tentative agreement on Thursday that sources familiar with the deal said would boost pay by 11 percent over three Continue Reading
Chevron to add Texas refinery in $350 million deal. Chevron Corp. announced late Wednesday that its Chevron U.S.A. Inc. (CUSA) subsidiary has signed a share purchase agreement to buy Pasadena Continue Reading
The global oil market appears to be well-supplied, even as the OPEC+ production cuts begin to whittle away at excess barrels. But while crude may be ample, there are growing Continue Reading
The United Steelworkers union (USW) said on Friday Shell Oil Co is delaying progress on important issues in negotiations for a new national agreement covering 30,000 U.S. refinery and chemical Continue Reading
U.S. light oil has become too cheap for Gulf Coast refiners to pass up. Fuel makers on the Gulf, home to the largest cluster of refineries in the world, processed Continue Reading
When refiners can make significant sums selling diesel and heating oil, known in the industry as distillates, they become less sensitive to the profitability of each barrel of gasoline, which Continue Reading
Oil prices have plunged to one-year lows, but refiners in certain parts of the U.S. are not benefitting from cheaper crude. According to new data from the EIA, refining margins Continue Reading
