Lower Oil Prices Benefit European Refiners
European refiners have seen their energy costs drop alongside the fall in oil prices, which has boosted their competitive position compared to North and South America, but Europe is still Continue Reading
Oil Refining Could Become Much Less Lucrative
If the world gets serious about cutting greenhouse gas emissions, the global refining industry will be forced to contract. That may seem like an obvious conclusion, but a new report Continue Reading
Quarter of oil refineries risk closure under climate goals: report
A quarter of the world’s oil refineries risk closure by 2035 if governments meet targets to limit fossil fuel burning in the fight against global warming, a report released on Continue Reading
Oil Refiners Shrug Off Harvey to Rake in Fat Post-Storm Profits
Higher margins boosted earnings for makers of gasoline, diesel Midwest refiners benefited when storm shut Texas facilities When Hurricane Harvey cleared and the floodwaters receded, oil refiners found themselves floating Continue Reading
Midwestern Refiners Seek Canadian Oil To Expand Output
Figures from last year say the Midwest’s refining capacity at 3.9 million barrels per day – that’s the highest volume on record. The surge in production comes from new sources Continue Reading
U.S. Midwest oil refiners boost output, cut region’s dependence on Gulf Coast
U.S. refineries from Ohio to Minnesota are capitalizing on access to cheap crude from Western Canada and North Dakota oilfields, helping their region break a historic dependence on fuel from Continue Reading
Shell Convent refinery restarts all but one unit: sources
Royal Dutch Shell Plc restarted all but one unit over the weekend at its 227,586 barrel per day (bpd) Convent, Louisiana, refinery, sources familiar with plant operations said on Monday. Continue Reading
Hurricane Maria Hits US Refineries Without Touching Land
Hurricanes sometimes don’t need to make landfall to cause problems for U.S. refineries. At least two East Coast refineries are making less gasoline and diesel as rough Atlantic seas hamper Continue Reading
Total Expects Port Arthur Refinery Production Return Soon
Total SA expects production soon from its 225,500-barrel-per-day (bpd) Port Arthur, Texas, refinery, which has been shut since an Aug. 30 power outage during Tropical Storm Harvey, a company spokeswoman Continue Reading
Stormy Weather Exposes Shortcomings Of World’s Oil Refineries
Hurricane Harvey’s crippling impact on U.S. oil refinery operations this month and the challenge buyers faced in filling the gap in gasoline supplies has exposed a shortage of spare refining Continue Reading