China National Offshore Oil Corporation’s (CNOOC) oil refinery is seen in Huizhou, China’s southern Guangdong province July 28, 2009. Asia will post its biggest net refining capacity addition in three Continue Reading
U.S. refiners such as Valero Energy Corp and Marathon Petroleum Corp are bracing for stricter, smog-busting gasoline regulations set to hit in January, threatening more headwinds for an industry that Continue Reading
BP has come close to at least two potentially lethal accidents as a result of shortcomings in the way it monitors the safety of its refineries and petrochemicals plants, according Continue Reading
Delta Air Lines Inc is preparing to market gasoline from a refinery it owns outside Philadelphia, signaling a shift in strategy toward managing the plant as a commercial refiner rather Continue Reading
East Coast refineries, like the one above owned by Philadelphia Energy Solutions, have been hurt… Philadelphia Energy Solutions, operator of the largest oil refinery on the Atlantic coast, felt confident Continue Reading
Global oil-processing margins shrank 42% last quarter: BP data Oil majors enjoyed one of the best years for refining in 2015 The world’s biggest oil companies, supported during crude’s collapse Continue Reading
U.S. independent refiners such as PBF Energy ( PBF.N ) and Phillips 66 ( PSX.N ) are expected to report another quarter of disappointing profits in coming weeks, as hopes Continue Reading
Trade firms that profited from the renaissance in global refining over the past two years are bracing for tougher times as ample stocks, dwindling volatility and newly powerful refineries in Continue Reading
The 6,000-barrel spill on one of the Colonial Pipelines on Friday is to blame for the surging refining margins. The October 2016 Gasoline crack spread, the differential between the price Continue Reading
U.S. oil refiners, beset by the weakest profit margins in six years, have been laying off workers, revamping operations and ratcheting up pressure on regulators and lawmakers to tweak the Continue Reading
