Unplanned outages at several large Midwest refineries are supporting higher diesel and gasoline prices, market sources said. Group 3 suboctane gasoline was assessed at prompt NYMEX RBOB minus 1.15 cent/gal Continue Reading
In 1982 there were over 250 operating crude oil refineries in the United States; that number declined to 132 by 2019, according to data from the US Department of Energy Continue Reading
After a short-lived, half-hearted rally, oil prices are down again with a vengeance, retracing levels last seen before the assassination of General Soleimani by the American government. WTI prices surged Continue Reading
Royal Dutch Shell Plc ( RDSa.L ) is looking to sell its oil refinery in Anacortes, Washington, according to three people familiar with the matter. If completed, this and other Continue Reading
PARIS — French unions blockaded several oil refineries on Tuesday, aiming to cause shortages at petrol stations after a month-long public transport strike failed to force the government to withdraw Continue Reading
Exxon’s refinery at Fos-sur-Mer in France was blocked by a strike of union workers on Tuesday as part of a massive French strike against a proposed pension reform, and shipments Continue Reading
It does not have the glamour of wildcatting in distant frontiers, nor the customer visibility of petrol stations, but oil refining is a critical part of the industry. It turns Continue Reading
Staff at Petroineos’ Lavera refinery in France started halting units this weekend due to a strike, according toCGT sources and local media reports. The company declined to comment. There have Continue Reading
In the continuing efforts to revive the nation’s four refineries in Port Harcourt, Warri and Kaduna, the Federal government signed Memoranda of Understanding [MoUs] with China, India, Saudi Arabia and Continue Reading
Authorities issued a second evacuation order in a week for thousands of residents of a Texas city after air monitors discovered cancer-causing chemicals following an explosion and fire at a Continue Reading
Fires were still burning at a Texas chemical plant after multiple explosions injured three workers and forced residents of Port Neches to evacuate. As of about 6 a.m. local time Thursday, Continue Reading
Refineries across the United States have reduced their total crude oil processing so far in 2019, as demand for oil products both in America and abroad has weakened, according to Continue Reading
How did a piece of piping installed when Richard Nixon was U.S. president go without once being checked before leading to a fire that devastated the East Coast’s largest and Continue Reading
Vienna — OPEC on Tuesday said it expects 2.1 million b/d of refining capacity to be shuttered through 2025 due to overcapacity, and another 5 million b/d of further closures Continue Reading
US crude inventories likely climbed last week as many refiners remained in maintenance and imports climbed. Analysts polled by S&P Global Platts were looking for crude stocks to have climbed 2.5 Continue Reading
The U.S. sanctions on Chinese tanker firms and the increased tensions in Middle Eastern waters have spoiled what many refiners had anticipated could be a bumper Q4 quarter just ahead Continue Reading
New York — US refinery outages for the season peaked this week, reaching 3.797 million b/d offline for planned and unplanned work, about half of which is in the US Continue Reading
Philadelphia Energy Solutions (PES) filed for its second Chapter 11 bankruptcy in less than two years on Sunday, a court filing showed, a month after a fire and explosion led Continue Reading
A June 21 fire and explosion set to permanently close the biggest oil refinery on the U.S. East Coast has shaken markets as far away as the North Sea and Continue Reading
The Philadelphia Energy Solutions refinery in Pennsylvania, the oldest and largest one on the U.S. East Coast, is expected to shut its remaining units on Monday as the plant uses Continue Reading
Most U.S. refiners with plants in the path of Tropical Storm Barry took steps on Friday to keep them running, as the second named storm of the season strengthened and Continue Reading
Pennsylvania Governor Tom Wolf does not support using public funds to help save the Philadelphia Energy Solutions refinery complex from permanent closure after a massive fire last month, the governor’s Continue Reading
Gasoline exports from Europe to the U.S. East Coast rose sharply in early July after a fire at a major refinery in Philadelphia left a supply shortage in the densely Continue Reading
Harris County in Texas plans to sue Valero Energy Corp for pollution from its Houston refinery, the head of the county’s environmental law department said on Friday. A Valero spokeswoman Continue Reading
U.S. East Coast ports can expect more cargoes like the one aboard the Maersk Cancun once Philadelphia Energy Solutions refinery shuts. The tanker delivered 296,000 barrels of reformulated gasoline from Continue Reading
Philadelphia Energy Solutions (PES) is expected to seek to permanently shut its oil refinery in the city after a massive fire caused substantial damage to the complex, two sources familiar Continue Reading
A fire at the largest refinery on the U.S. East Coast sent gasoline prices soaring, threatening to raise pump prices from Delaware to Maine just as American drivers get set Continue Reading
The alkylation unit involved in a massive fire on Friday at Philadelphia Energy Solutions Inc’s oil refinery has been completely destroyed, which will hamper the supply of gasoline from the Continue Reading
A massive fire at Philadelphia Energy Solutions Inc’s oil refinery on Friday damaged the largest U.S. East Coast plant to the point that it could remain shut for an extended Continue Reading
US gasoline prices jumped after a large fire and explosions were reported at the Philadelphia Energy Solutions oil refinery, the largest on the Atlantic coast. Wholesale gasoline futures for delivery into Continue Reading
A fire was burning out of control at an oil refinery in Pennsylvania on Friday morning, a Philadelphia fire department official said, as NBC Philadelphia reported a series of explosions Continue Reading
Gulf Coast Global Ventures JV expects to break ground during third quarter. Exxon Mobil Corp. and Saudi Basic Industries Corp. (SABIC) will proceed with construction of a 1.8-million-metric-ton ethane steam Continue Reading
Shell has struck a deal with refiner PBF Energy to sell it its refinery in Martinez, California, for up to US$1 billion, depending on the closing date, the buyer said Continue Reading
The downstream sector of the oil and gas market may be facing challenging times ahead as the demand picture for refined products such as diesel, gasoline, and petrochemicals is expected Continue Reading
As the first month of theoretically no Iranian crude oil exports comes to a close it seems that Asian refiners have been able to cope with the loss of supplies, Continue Reading
A global shortage of heavy crude will create hurdles for America’s key refining belts just as they ramp up gasoline production for summer driving season. In the Gulf Coast, dwindling Continue Reading
Asia’s oil refiners are considering reducing output after margins slumped to their lowest for the season since 2003, according to industry sources and Refinitiv data. Companies that planned to trim Continue Reading
U.S. refiners had a plan for 2020: use their complex operations to maximize profits by making products that would comply with new international laws capping sulfur content in shipping fuels. Continue Reading
US cracking margins gained last week as strong economic indicators supported rising gasoline demand, aided by healthy export demand for refined products, an analysis by S&P Global Platts showed Monday. Continue Reading
Exxon Mobil Corp plans to invest an additional $2 billion in a three-year expansion project at its Baytown, Texas, chemical complex, the company said on Thursday. Exxon will add a Continue Reading
Petrobras had been the sole owner of the facility since 2008. Chevron U.S.A. Inc. (CUSA) has completed its $350 million acquisition of Pasadena Refining System, Inc. (PRSI) and PRSI Trading Continue Reading
The world’s largest oil companies are reporting underwhelming first-quarter profits as an array of geopolitical challenges and weaker prices around the world slowed recent progress in generating excess cash and Continue Reading
Exxon Mobil Corp.’s worst refining performance in almost two decades may revive questions from analysts about the so-called integrated model engineered by founder John D. Rockefeller and espoused by every Continue Reading
It was a fruitful year for the rank and file at oil-and-gas companies, from Exxon Mobil Corp. to Phillips 66. Oil-and-gas drillers and refiners had some of the highest-paid median Continue Reading
U.S. independent refiners are expected to roll out lower than expected first-quarter profits after a spate of outages, weak gasoline margins and a surge in the price of Canadian oil, Continue Reading
American refiners are preparing for a busy overhaul season in the second quarter of the year as the entry into effect of the new International Maritime Organization’s emission rules approaches. Continue Reading
U.S. oil refiners are planning a heavy slate of plant overhauls in the second quarter, with total production this month off 8.5 percent compared with the start of the year, Continue Reading
A large fire at a petrochemical storage facility near Houston sent a thick black plume of smoke over the U.S.’s fourth-largest city on Monday and was expected to continue for Continue Reading
The global refining industry faces a wave of new capacity additions to 2024 that would greatly exceed demand growth for refined products, and this may result in refinery closures to Continue Reading
Heavy crude prices rise on US’ Venezuela sanctions Motiva can easily switch crude diet, Judaimi says US Gulf Coast coking margins take a hit London — A tight market for Continue Reading
