Edition:
India

Laura Sanicola

Phillips 66 to reconfigure California refinery for renewable fuels

13 Aug 2020

(This Aug 12 story corrects the location of the Santa Maria refining facility.)

CORRECTED-UPDATE 1-Phillips 66 to reconfigure California refinery for renewable fuels

13 Aug 2020

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.

U.S. distillate demand recovery stalls with stocks at 38-year high

12 Aug 2020

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.

Oil settles higher on Chinese factory data, U.S. stimulus hopes

11 Aug 2020

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.

U.S. refining capacity poised for first big drop in nearly a decade

04 Aug 2020

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.

Oil refining capacity may not fully recover from pandemic: executives

01 Aug 2020

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.

UPDATE 1-Oil refining capacity may not fully recover from pandemic -execs

01 Aug 2020

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.

PBF Energy sees jet fuel demand capping industry-wide refinery runs

31 Jul 2020

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.

Oil sinks on weak U.S. economic data, political uncertainty

31 Jul 2020

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. refiners to post worst second-quarter results in a decade

29 Jul 2020

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.

World News