The ExxonMobil refinery in Baytown, Tex., in 2008. (Jessica Rinaldi/Reuters) ExxonMobil acknowledged Tuesday that Hurricane Harvey damaged two of its refineries, causing the release of hazardous pollutants. The acknowledgment, in Continue Reading
U.S. fuel prices surged on Monday as two more Gulf Coast refiners cut output and a third considered reductions, leaving more than 13 percent of the country’s refining capacity offline Continue Reading
Heavy rains from tropical storm Harvey caused large-scale U.S. refinery outages, pushing up gasoline prices, while crude prices rose in early Asian trade on Tuesday on the back of supply Continue Reading
Several Houston-area refineries were shut down Sunday as Tropical Storm Harvey continued to drench the area, taking roughly 12% of U.S. fuel-making capacity out of commission and compounding concerns about Continue Reading
U.S. refiners could face a continued squeeze on profit margins in the months ahead as dwindling supplies of heavy crude from Venezuela and elsewhere are leading several to switch to Continue Reading
Philadelphia Energy Solutions LLC, the owner of the largest U.S. East Coast oil refining complex, has hired an investment bank to help tackle its debt burden, as it struggles with Continue Reading
A Royal Dutch Shell refinery in Rotterdam will remain closed until mid-August after a fire at the facility’s electricity stations caused it to shut down over the weekend, according to Continue Reading
Europe’s biggest refinery, Pernis, is currently “out of order”, Shell said late Tuesday, adding that the power station where a fire started Saturday evening needs to be repaired before “the Continue Reading
Budgetary pressure, falling revenues, cost-cutting measures and general ambiguity – just a few of the characteristic traits that have marked the latest oil price recession period. State-owned companies, commonly executing Continue Reading
Oil will continue to flow through the Dakota Access Pipeline through the summer while authorities conduct additional review of the environmental impact, after a judge on Wednesday ordered more hearings Continue Reading
