The state of Pennsylvania wants a federal judge to halt the bankruptcy of Philadelphia Energy Solutions (PES), arguing the refiner owes an estimated $3.8 billion in fuel taxes, according to Continue Reading
Global executives and traders are bracing for higher volatility in fuel markets as they expect refiners to process more light crude oil in the lead-up to new rules aimed at Continue Reading
The growth in U.S. shale oil production is threatening to create bottlenecks in refineries, new research from Wood Mackenzie has revealed . The research suggests the United States needs new Continue Reading
ExxonMobil is close to issuing a final approval of a major expansion of its Beaumont refinery complex in Texas that could make it the largest crude oil processing plant in Continue Reading
Throughout 2016 and 2017, a rail terminal built to accept crude oil for the largest East Coast refinery often sat idle, with few trains showing up to unload. Although little Continue Reading
The East Coast’s biggest refinery filed for Chapter 11 bankruptcy protection on Sunday, and Philadelphia Energy Solutions puts the blame on the federal government’s biofuels policies. The refinery’s workers are Continue Reading
U.S. refiners and pipeline companies are likely to embark on a capital spending spree in the next year, fueled by a provision in the recently-passed U.S. tax bill that rewards Continue Reading
Released Wednesday, the Energy Information Administration’s (EIA) Weekly Petroleum Status Report measures refinery crude processing at 17.1 million bbl for the week ending December 15. Rates above 17 million b/d Continue Reading
Oil demand may jump in the new year as US refiners plan to take fewer units offline than last winter, freeing them up to churn out more fuel. (Bloomberg) — Continue Reading
Andeavor recently said much of the cash from tax cuts would go back to investors. Above, the company’s refinery in North Dakota. U.S. fuel makers are poised to reap billions Continue Reading
