(This Aug 12 story corrects the location of the Santa Maria refining facility.)
Aug 12 U.S. refiner Phillips 66 plans to
convert its Rodeo, California, crude oil refinery into a
renewable fuels plant using cooking oil and food wastes.
NEW YORK U.S. distillate inventories have climbed to the highest in nearly four decades as refiners continue to ramp up production despite signals that a recovery in road and air traffic demand has stagnated.
NEW YORK Oil settled higher on Monday, supported by data suggesting Chinese factories were returning to pre-pandemic levels, signs of rising energy demand and hopes for an agreement in the United States on more coronavirus-related economic stimulus.
NEW YORK/HOUSTON, Aug 4 U.S. oil refining
capacity this year could decline by the largest amount in nearly
a decade as pandemic-related travel curbs and a fire shut
several plants, reversing years of small gains.
Millions of barrels of oil refinery capacity might permanently close across the global energy complex after being lost when demand crashed during the coronavirus pandemic, U.S. refiners said on Friday.
July 31 Millions of barrels of oil refinery
capacity might permanently close across the global energy
complex after being lost when demand crashed during the
coronavirus pandemic, U.S. refiners said on Friday.
July 31 Depressed demand for jet fuel could cap
refinery utilization rates across the entire industry, according
to executives at PBF Energy, the fourth-largest U.S. oil
refiner by capacity.
NEW YORK Oil prices sank on Thursday following poor U.S. economic figures and after U.S. President Donald Trump roiled markets with a suggestion that the nation should delay its November presidential election.
U.S. oil refiners in coming days are expected to report the worst second-quarter results in a decade, with production outrunning demand while pandemic-related closings have sapped summer travel.