refinery

Business, Fuel

Deep-Freeze Issues Linger at US Refineries

A Valero Energy Corp. refinery in Texas is seen on Feb. 19. (Eddie Seal/Bloomberg News) 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.

Barbara Powell | Bloomberg News
April 2, 2021
Government, Business, Fuel

Oil Reaches 5-Week High on Biggest Drop in Stockpiles Since 2016

Bloomberg News

Oil rose to a five-week high as a huge drop in U.S. crude inventories bolstered the outlook for demand. Futures in New York climbed 2.7% June 26 after the U.S. Energy Information Administration said domestic stockpiles fell by 12.8 million barrels last week.

Alex Nussbaum | Bloomberg News
June 26, 2019
Government, Business, Safety, Fuel

Philadelphia Refinery Wrecked by Fire Set to Close

Refinery The Philadelphia Energy Solutions Inc. complex on the banks of the Schuylkill and Delaware rivers in Pennsylvania. (Eduardo Munoz Alvarez/Bloomberg News)

The biggest refinery on the East Coast will shut down, after a massive explosion and fire crippled operations at a site that has helped fuel the region for 153 years.

June 26, 2019
Government, Business, Safety, Fuel

Summer Driving Gets More Costly as East Coast Refinery Burns

Matt Rourke/Associated Press

Gasoline futures jumped the most in more than three months after an explosion and fire at the Philadelphia Energy Solutions oil refinery, the largest on the U.S. East Coast and a key supplier to the New York gasoline market.

June 21, 2019
Government, Business, Fuel

Refiners Slump as Trump Looks to Slow-Roll IMO Fuel Mandate

oil refinery Darryl Dyck/Bloomberg News

U.S. refiners are getting stung by President Donald Trump’s reported efforts to keep consumer prices from rising in the run-up to the 2020 election. The Trump administration is seeking to slow the implementation in 2020 of tighter fuel restrictions on the global shipping industry.

Stephen Cunningham | Bloomberg News
October 19, 2018
Business, Fuel, TCA

Marathon Closes $23 Billion Deal With Texas Refining Firm Andeavor

Marathon gas station Marathon station in Garyville, Louisiana (Marathon Petroleum Corp.)

Marathon Petroleum Corp. officially closed a $23.3 billion deal Oct. 1 in which it acquired all the outstanding shares of Texas refining company Andeavor.

Matt Sanctis | Dayton (Ohio) Daily News
October 1, 2018
Business

Canadian Refinery to Lower CO2 for Diesel Below US Average

North West Upgrading Inc., which refines Canadian bitumen into diesel, aims to lower emissions of the fuel below the average of U.S. producers in a bid to help the oil sands overcome its negative image, CEO Ian MacGregor said.

Jeremy Van Loon | Bloomberg News
October 8, 2015