After several years of plant closures and conversions to make renewable fuel, the pressure on American refiners to shut down excess capacity is easing as gasoline demand nears pre-pandemic levels and supplies dwindle.
November 1, 2021Barbara Powell
Business, Fuel
An oil flare burns at the BP Plc Whiting Refinery in Whiting, Ind. Oil demand is set to increase by an average of almost 4 million barrels a day in 2021 vs. a low, pandemic-driven 2020 level. (Luke Sharrett/Bloomberg)
Refiners Are Less Pressed to Shut Down Plants as Fuel Demand Rebounds
An oil flare burns at the BP Plc Whiting Refinery in Whiting, Ind. Oil demand is set to increase by an average of almost 4 million barrels a day in 2021 vs. a low, pandemic-driven 2020 level. (Luke Sharrett/Bloomberg)
Business, Fuel
A Valero Energy Corp. refinery in Texas is seen on Feb. 19. (Eddie Seal/Bloomberg News)
Deep-Freeze Issues Linger at US Refineries
A Valero Energy Corp. refinery in Texas is seen on Feb. 19. (Eddie Seal/Bloomberg News)
Texas’ refining complex is mostly back from February’s crippling cold blast, but lingering freeze-related issues continue to plague a number of production units.
April 2, 2021
Business, Safety, Fuel
A driver gets tested for coronavirus at a testing center in Austin, Texas, on July 7. (Sergio Flores/Getty Images)
Oil Refineries in Texas Grapple With COVID-19 Outbreaks
A driver gets tested for coronavirus at a testing center in Austin, Texas, on July 7. (Sergio Flores/Getty Images)
Oil refineries aren’t being spared as COVID-19 sweeps through Texas, which is setting records for new infections and hospitalizations in the U.S. almost daily.
July 10, 2020
Government, Fuel
Luke Sharrett/Bloomberg News
2019 Gas Prices Predicted to Be Volatile, but Lower Overall
Luke Sharrett/Bloomberg News
The projected $2.70 a gallon pump price for 2019 is 3 cents lower than 2018 levels, although this year’s high could reach $3 as soon as May and top $4 in some cities, according to GasBuddy’s Price Fuel Outlook. The lower prices have not escaped Trump’s attention, who equated them to a tax cut in a tweet Jan. 1.
January 2, 2019
Government, Business, Fuel
Northbound traffic on the Henry Hudson Parkway, leading out of Manhattan, on the Friday of Memorial Day weekend last year. (Julie Jacobson/AP)
American Roadtrippers to Face $3 a Gallon Gas This Summer
Northbound traffic on the Henry Hudson Parkway, leading out of Manhattan, on the Friday of Memorial Day weekend last year. (Julie Jacobson/AP)
U.S. drivers might be feeling flush after getting tax cuts amid a growing economy as they embark on the summer driving season, but road trips will cost more this year.
May 17, 2018
Business
F. Carter Smith/Bloomberg News
Striking Oil Workers, Shell Said to Reach Tentative Deal
F. Carter Smith/Bloomberg News
The United Steelworkers union representing 30,000 U.S. oil workers has reached a tentative deal on a new four-year contract offered by Royal Dutch Shell Plc on behalf of oil companies, a person familiar with the talks said.
March 12, 2015
Business, Fuel
F. Carter Smith/Bloomberg News
Shell-Oil Union Talks to Resume This Week Over Strike
F. Carter Smith/Bloomberg News
Royal Dutch Shell Plc and the United Steelworkers, which represents 30,000 U.S. oil workers, are said to be planning to restart talks this week to resolve a labor dispute as more workers joined in the nation’s biggest refinery strike since 1980.
February 23, 2015
Business
United Steelworkers
US Oil Workers Reject Shell's Contract Offer Prolonging Strike
United Steelworkers
The United Steelworkers, representing more than 30,000 U.S. oil workers, instructed members to reject a seventh labor contract offered by Royal Dutch Shell Plc as the biggest refinery strike since 1980 dragged on.
February 20, 2015