Three weeks after Hurricane Harvey ravaged the massive fuel-making industry along the Texas coast, the region’s recovery from storm damage is starting to disrupt plans for crucial maintenance at refineries Continue Reading
ExxonMobil Corp may restart most of the production units at its 362,300 barrel per day (bpd) Beaumont refinery in Texas, by the end of this week, said sources familiar with Continue Reading
Royal Dutch Shell Plc began restarting its 325,700-barrel-per-day (bpd) joint-venture Deer Park, Texas, refinery on Sunday for the first time since it was shut three weeks ago by Tropical Storm Continue Reading
As Hurricane Harvey battered southern Texas on August 27, the National Weather Service described it as “unprecedented”. There had been stronger storms before, but the torrential rainfall brought by Harvey Continue Reading
Nearly twenty days (or over 450 hours) after Hurricane Harvey made landfall between Port Aransas and Port O’Connor in Texas, there are a number of signs emerging in our ClipperData Continue Reading
Valero Energy Partners’ Houston refinery suffered a hurricane-related spill Aug. 27 from a light crude storage tank, the Environmental Protection Agency said. The chemical plant that released a cloud of Continue Reading
The largest U.S. refinery was restarting production on Monday for the first time since being shut nearly two weeks ago by Hurricane Harvey, said sources familiar with plant operations. Motiva Continue Reading
Texas continues to recover from Hurricane Harvey, and many of the disrupted refineries are ramping up production once again. But the ripple effects from the outages are still being felt, Continue Reading
U.S. oil refinery utilization rates slumped 16.9 percentage points to 79.7 percent last week, the lowest rate since 2010, according to data released by the U.S. Energy Information Administration on Continue Reading
Motiva Enterprises [MOTIV.UL] said on Tuesday it was in the initial phase of restarting its Port Arthur, Texas, refinery, the nation’s largest crude oil refinery after it was shut by Continue Reading
Exxon Mobil Corp said on Tuesday it continues to work to reopen its 560,500-barrel-per-day Baytown, Texas, refinery and has made “significant progress” in restarting its chemical facilities after Hurricane Harvey Continue Reading
Valero Energy Corp was restarting multiple units at its 335,000 barrel per day (bpd) Port Arthur, Texas, refinery on Monday, according to a notice filed with the Texas Commission on Continue Reading
Large storage tanks situated in retention ponds are surrounded by rainwater left behind by Tropical Storm Harvey at Exxon Mobil’s refinery in Baytown, Texas, on Aug. 30, 2017. Corp. XOM Continue Reading
Total SA plans to restart the 225,500 barrel per day (bpd) Port Arthur, Texas, refinery “soon,” Gulf Coast market sources said on Sunday. No date has been set for the Continue Reading
U.S. refiner Phillips 66 has requested a Jones Act waiver to allow it to use foreign vessels to move crude or products to and from its 260,000-barrel-per-day Alliance refinery in Continue Reading
ExxonMobil Corp was restarting its Baytown, Texas refinery, the nation’s second largest, on Saturday six days after it was shut because of heavy rain from Tropical Storm Harvey. The company Continue Reading
Ethylene used to make cars, milk jugs, paint and mattresses More than half of U.S. production has been knocked out Few Americans care about ethylene. Many have probably never heard Continue Reading
Motiva Enterprises’ Port Arthur, Texas, refinery, the nation’s largest, may be shut as long as two weeks for assessment of the plant and repair of any damage, sources familiar with Continue Reading
When Hurricane Harvey blew into Texas last weekend, it dumped more than 30 inches of rain, flooding Houston and large areas of southeastern Texas, while leaving thousands homeless or without 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
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
Refinery gross inputs include crude oil and other oils processed through crude distillation units. Gross inputs to U.S. petroleum refineries, also referred to as refinery runs, averaged a record high Continue Reading
Over the past 5 years, focus on the U.S. oil & gas sector has centered around oil production from the U.S. shale revolution while neglecting, arguably, the most important part Continue Reading
Sadly, American policymakers are focused on the wrong thing when it comes to petroleum. For the benefit of American consumers and the nation as a whole, the emphasis should not Continue Reading
Delta Air Lines has hired a consultant to assess the impact on jet fuel prices if the carrier sells or closes the Philadelphia-area refinery it purchased five years ago to Continue Reading
Exxon Mobil Corp ( XOM.N ), the world’s largest publicly traded oil producer, said on Monday it would invest $20 billion through 2022 to expand chemical and refining plants on Continue Reading
Exxon Mobil Corp. is spending $20 billion through 2022 to expand its chemicals and fuel-making capacity in Texas and Louisiana to transform U.S. shale oil and natural gas into products Continue Reading
When PBF Energy Inc . scooped up a refinery from Exxon Mobil Corp. on the Mississippi River in 2015, it wasted no time sprucing up the plant with an eye Continue Reading
When PBF Energy Inc . scooped up a refinery from Exxon Mobil Corp. on the Mississippi River in 2015, it wasted no time sprucing up the plant with an eye Continue Reading
Oil refiners from Japan to the U.S. are benefiting from being forced by fires to make less fuel. A slew of blazes at plants across the globe is shrinking supplies Continue Reading
After years of running flat out, U.S. Gulf Coast refiners are lining up repairs to plants in 2017 – but facing a severe labor shortage that could delay work, drive Continue Reading
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
