Saudi Aramco IPO-ARMO.SE and its U.S. refining joint-venture Motiva Enterprises [MOTIV.UL] lead the race to buy LyondellBasell Industries ( LYB.N ) Houston refinery, according to three sources familiar with the Continue Reading
There is little doubt that China’s surging exports of refined fuels have cut profit margins for Asia’s refiners, but the pain is unlikely to be shared equally across all the Continue Reading
Fourth-largest U.S. refinery affected as waters rise Louisiana is home to about 18% of U.S. refining capacity Exxon Mobil Corp. curbed operations at the fourth-largest U.S. refinery in the U.S. Continue Reading
ExxonMobil Corp shut a crude distillation unit at its 502,500 barrel per day (bpd) Baton Rouge refinery on Tuesday as flooding disrupted operations at a liquefied petroleum gas (LPG) storage Continue Reading
Delta Air Lines Inc ( DAL.N ) is flooding the New York market with jet fuel from its refinery, sacrificing refining profits in order to lower the carrier’s fuel costs, Continue Reading
Energy companies’ lifeline during the rout in oil prices – refining and downstream – has withered but the fall in margins is hardly a surprise for European refiners, which are Continue Reading
As earnings season gets into full swing, a casual glance at the fundamentals shows there is little for refiners to be excited about. Excessive production in the first half on Continue Reading
Glut likely to persist through U.S. summer driving season U.S. gasoline pump price have dropped for 33 days straight Less than three months ago, gasoline was viewed as the bright Continue Reading
An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, Continue Reading
North Dakota Refining Slow economic growth in Asia has led local downstream firms to turn down refining production as energy products flood the regional market, according to a recent report Continue Reading
