oil refineries

In a bid to control escalating gas prices, California Governor Gavin Newsom (D) has signed into law a bill that empowers his administration to regulate the state’s dwindling oil refineries. The move underscores California’s ongoing battle with affordability. What Happened: Newsom...

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In the global refining industry, COVID-19 has exposed a seismic shift. While China’s oil refineries forge ahead with capacity expansion, many western-based refiners have retrenched. As China again hits the stimulus pedal, this year it is expected to officially surpass the U.S. as the...

The U.S. refining sector, faced with decreased demand for its product, is starting to shrink via the closure of several refineries — actions that had been infrequent in recent years. The good news for consumers of diesel fuel, however, is that some of the lost capacity will be replaced by...

Details are skimpy at this point, but a lot more refiners are going to need to account for ethanol somehow in their operations The most recent shift in the Trump administration's policy on biofuels, particularly ethanol, is likely to have an impact in the transportation sector both on the rails...

File this one under the category of "be careful what you wish for." In a letter to the federal Pipeline and Hazardous Materials Administration (PHMSA) filed as part of a long series of comments by many made to the federal agency, Phillips 66, a leading refiner, brings up the impact on IMO 2020 if...

Oil prices surged overnight and into Friday morning on the back of the explosion at Philadelphia Energy Solutions, the biggest refiner on the U.S. East Coast. But by about 11:00 a.m. Eastern time this morning, the gains had been largely stabilized without significant upward momentum. Since the...

As the world's merchant ships switch to a low-sulfur fuel standard next year, ocean carriers are looking to assess how much the newer fuel will cost. As FreightWaves' oil market expert John Kingston reports, the early indication based on trading in the futures markets shows low-sulfur fuel...

Official U.S. crude oil data for the week ending July 29 revealed that crude oil refinery inputs averaged approximately 16.852 million barrels a day. This was 266,000 barrels per day higher than the 16.586 million recorded in the preceding week. Following the release of the data, crude oil prices...

As of early 2013, according to the U.S. Energy Information Administration, there were 143 operable oil refineries in the U.S. – less than half the number there were in 1982. But that decline appears to be ending. The new oil boom in the Dakotas, Texas, Oklahoma and elsewhere is reportedly...

There is arguably no bigger industry in the world tan the oil industry and many of the top Fortune 500 companies are in the oil production business. Two of the biggest oil companies actually used to be one. Phillips 66 (NYSE: PSX) has long been a leader in the oil game but in early 2012 the...