Global oil markets are increasingly over-supplied with light distillates, such as gasoline, while there are not enough middle distillates, such as diesel, which has opened a big price differential between Continue Reading
Nowhere has the opportunity been bigger than near Canada, where crude is trading for $43 a barrel below U.S. benchmark prices due to bottlenecks. That is painful for producers there, Continue Reading
Chevron Corp ( CVX.N ) has held talks to acquire Pasadena Refining System Inc (PRSI), a Texas oil refining unit of Brazilian state-run oil firm Petroleo Brasileiro SA ( PETR4.SA Continue Reading
U.S. refiners are expected to post strong earnings for the third quarter, with Midwest producers leading the way thanks to cheaper prices for Canadian crude that pushed down input costs. Continue Reading
U.S. East Coast oil refiners are ramping up rail deliveries of crude from Western Canada, grabbing stranded barrels that full pipelines have driven to a record discount. That trend is Continue Reading
It is on track to make money in 2018, but high regulatory costs and shifting market dynamics that put East Coast refineries at a disadvantage have made the plant more Continue Reading
For about a decade, Texas has considered the idea of erecting a coastal barrier to protect against the impacts of hurricanes. Texas A&M researchers concluded that a direct hit to Continue Reading
Delta Air Lines, parent of refinery owner Monroe Energy, is moving forward with strategic options to sell a 49% stake in its 190,000 b/d Trainer, Pennsylvania, refinery, but will continue Continue Reading
This summer, United States refineries operated just shy of record highs, running close to 100 percent utilization rates. Refineries reached a new record-high gross input value of 18.243 million bpd Continue Reading
Houston — The US Gulf Coast refining complex processed more crude than ever before last week, according to data from the US Energy Information Administration released Wednesday. Receive daily email Continue Reading
