Baystar is also building a steam cracker in Port Arthur Bayport Polymers LLC (Baystar) reported Thursday that it has officially broken ground on its new 625,000 metric ton-per-year polyethylene (PE) Continue Reading
Philadelphia Energy Solutions Inc, owner of the largest and oldest refinery on the U.S. East Coast, is facing another financial crisis just months after emerging from a controversial bankruptcy, according Continue Reading
NEW YORK (Reuters) – Delta Air Lines wants to sell its oil refinery in Trainer, Pennsylvania, after attempts to offer a partial stake in the plant late last year failed, Continue Reading
The United Steelworkers union (USW) and Shell Oil Co reached a tentative agreement on Thursday that sources familiar with the deal said would boost pay by 11 percent over three Continue Reading
Chevron to add Texas refinery in $350 million deal. Chevron Corp. announced late Wednesday that its Chevron U.S.A. Inc. (CUSA) subsidiary has signed a share purchase agreement to buy Pasadena Continue Reading
The global oil market appears to be well-supplied, even as the OPEC+ production cuts begin to whittle away at excess barrels. But while crude may be ample, there are growing Continue Reading
The United Steelworkers union (USW) said on Friday Shell Oil Co is delaying progress on important issues in negotiations for a new national agreement covering 30,000 U.S. refinery and chemical Continue Reading
U.S. light oil has become too cheap for Gulf Coast refiners to pass up. Fuel makers on the Gulf, home to the largest cluster of refineries in the world, processed Continue Reading
When refiners can make significant sums selling diesel and heating oil, known in the industry as distillates, they become less sensitive to the profitability of each barrel of gasoline, which Continue Reading
Oil prices have plunged to one-year lows, but refiners in certain parts of the U.S. are not benefitting from cheaper crude. According to new data from the EIA, refining margins Continue Reading
Global oil markets are increasingly over-supplied with light distillates, such as gasoline, while there are not enough middle distillates, such as diesel, which has opened a big price differential between Continue Reading
Nowhere has the opportunity been bigger than near Canada, where crude is trading for $43 a barrel below U.S. benchmark prices due to bottlenecks. That is painful for producers there, Continue Reading
Chevron Corp ( CVX.N ) has held talks to acquire Pasadena Refining System Inc (PRSI), a Texas oil refining unit of Brazilian state-run oil firm Petroleo Brasileiro SA ( PETR4.SA Continue Reading
U.S. refiners are expected to post strong earnings for the third quarter, with Midwest producers leading the way thanks to cheaper prices for Canadian crude that pushed down input costs. Continue Reading
U.S. East Coast oil refiners are ramping up rail deliveries of crude from Western Canada, grabbing stranded barrels that full pipelines have driven to a record discount. That trend is Continue Reading
It is on track to make money in 2018, but high regulatory costs and shifting market dynamics that put East Coast refineries at a disadvantage have made the plant more Continue Reading
For about a decade, Texas has considered the idea of erecting a coastal barrier to protect against the impacts of hurricanes. Texas A&M researchers concluded that a direct hit to Continue Reading
Delta Air Lines, parent of refinery owner Monroe Energy, is moving forward with strategic options to sell a 49% stake in its 190,000 b/d Trainer, Pennsylvania, refinery, but will continue Continue Reading
This summer, United States refineries operated just shy of record highs, running close to 100 percent utilization rates. Refineries reached a new record-high gross input value of 18.243 million bpd Continue Reading
Houston — The US Gulf Coast refining complex processed more crude than ever before last week, according to data from the US Energy Information Administration released Wednesday. Receive daily email Continue Reading
American fuel makers are posting their best second-quarter profits in years, thanks to soaring domestic oil production and regional pipeline bottlenecks that are allowing them to buy crude on the Continue Reading
U.S. refiners have returned from maintenance with a vengeance, processing more than 18 million barrels a day of crude and other oils for the first time in the week ended Continue Reading
Owners of an idled oil refinery in St. Croix, U.S. Virgin Islands, that was once among the world’s largest, plan to invest $1.4 billion to refurbish and restart a portion Continue Reading
The oil majors are increasingly betting their futures on a mix of downstream enterprises. Refineries, processing, petrochemical facilities and retail gasoline stations are gaining in importance, while upstream spending stalls. Continue Reading
U.S. East Coast refiners are shipping more shale oil from the Gulf Coast thanks to heavy discounts for West Texas crude and are also looking to bring more via rail, Continue Reading
Marathon Petroleum Corp ( MPC.N ) agreed to buy rival Andeavor ( ANDV.N ) for more than $23 billion in the largest-ever tie-up between U.S. oil refiners, giving the combined Continue Reading
Smaller independent refiners with less complex facilities are surging in the stock market of late, as investors expect strong earnings growth thanks to the recent fall in price of their Continue Reading
World’s biggest crude exporter studying new U.S. facilities North America’s largest refinery could double in capacity Saudi Arabia signaled its intent to expand chemical production along the U.S. Gulf Coast Continue Reading
Saudi Aramco took the first steps to integrating a petrochemicals business into the United States’ biggest oil refinery, which is operated by its subsidiary Motiva Enterprises. Aramco’s Chief Executive Amin Continue Reading
Refiners already have two built-in resources to help weather major demand shifts. Since the early 20th Century, the automobile has – for better or worse – been a major force Continue Reading
The state of Pennsylvania wants a federal judge to halt the bankruptcy of Philadelphia Energy Solutions (PES), arguing the refiner owes an estimated $3.8 billion in fuel taxes, according to Continue Reading
Global executives and traders are bracing for higher volatility in fuel markets as they expect refiners to process more light crude oil in the lead-up to new rules aimed at Continue Reading
The growth in U.S. shale oil production is threatening to create bottlenecks in refineries, new research from Wood Mackenzie has revealed . The research suggests the United States needs new Continue Reading
ExxonMobil is close to issuing a final approval of a major expansion of its Beaumont refinery complex in Texas that could make it the largest crude oil processing plant in Continue Reading
Throughout 2016 and 2017, a rail terminal built to accept crude oil for the largest East Coast refinery often sat idle, with few trains showing up to unload. Although little Continue Reading
The East Coast’s biggest refinery filed for Chapter 11 bankruptcy protection on Sunday, and Philadelphia Energy Solutions puts the blame on the federal government’s biofuels policies. The refinery’s workers are Continue Reading
U.S. refiners and pipeline companies are likely to embark on a capital spending spree in the next year, fueled by a provision in the recently-passed U.S. tax bill that rewards Continue Reading
Released Wednesday, the Energy Information Administration’s (EIA) Weekly Petroleum Status Report measures refinery crude processing at 17.1 million bbl for the week ending December 15. Rates above 17 million b/d Continue Reading
Oil demand may jump in the new year as US refiners plan to take fewer units offline than last winter, freeing them up to churn out more fuel. (Bloomberg) — Continue Reading
Andeavor recently said much of the cash from tax cuts would go back to investors. Above, the company’s refinery in North Dakota. U.S. fuel makers are poised to reap billions Continue Reading
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
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
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
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
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. 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
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
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 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
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
