American fuel makers are posting their best second-quarter profits in years, thanks to soaring domestic oil production and regional pipeline bottlenecks that are allowing them to buy crude on the Continue Reading
U.S. refiners have returned from maintenance with a vengeance, processing more than 18 million barrels a day of crude and other oils for the first time in the week ended Continue Reading
Owners of an idled oil refinery in St. Croix, U.S. Virgin Islands, that was once among the world’s largest, plan to invest $1.4 billion to refurbish and restart a portion Continue Reading
The oil majors are increasingly betting their futures on a mix of downstream enterprises. Refineries, processing, petrochemical facilities and retail gasoline stations are gaining in importance, while upstream spending stalls. Continue Reading
U.S. East Coast refiners are shipping more shale oil from the Gulf Coast thanks to heavy discounts for West Texas crude and are also looking to bring more via rail, Continue Reading
Marathon Petroleum Corp ( MPC.N ) agreed to buy rival Andeavor ( ANDV.N ) for more than $23 billion in the largest-ever tie-up between U.S. oil refiners, giving the combined Continue Reading
Smaller independent refiners with less complex facilities are surging in the stock market of late, as investors expect strong earnings growth thanks to the recent fall in price of their Continue Reading
World’s biggest crude exporter studying new U.S. facilities North America’s largest refinery could double in capacity Saudi Arabia signaled its intent to expand chemical production along the U.S. Gulf Coast Continue Reading
Saudi Aramco took the first steps to integrating a petrochemicals business into the United States’ biggest oil refinery, which is operated by its subsidiary Motiva Enterprises. Aramco’s Chief Executive Amin Continue Reading
Refiners already have two built-in resources to help weather major demand shifts. Since the early 20th Century, the automobile has – for better or worse – been a major force Continue Reading
