oil refinery

Chinese oil giant PetroChina Company Ltd (NYSE: PTR) has posted record profits in the first half of 2022, led by an increase in oil output coupled with a price rise in the commodity over geopolitical tensions. The Print: PetroChina's first-half profit came in at 82.39 billion...

U.S. refiners are enjoying a relative advantage that could last longer than the “Golden Age” in the mid-2000s, according to BofA Securities. The Energy Analyst: Doug Leggate named Valero Energy Corporation (NYSE: VLO) as the top pick among U.S. refiners, while maintaining a Buy...

The Treasury Department's Office of Foreign Assets Control (OFAC) on Oct. 17 extended a general license exception to allow U.S. companies to continue doing business with a Swedish oil refiner that is 50% owned by Venezuela's state oil company. Petrόleos de Venezuela S.A. (PdVSA) was placed on OFAC...

In a report published Sunday, Morgan Stanley analyst Eva Calio discussed why refiners will be the biggest beneficiary of an oversupplied oil market. According to Calio, investors and corporations are embracing a "lower for longer" oil market when considering OPEC's actions of...

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...