Refineries

(Reuters) – BP said on Tuesday it is proposing a six-year labor contract for workers at its 440,000-barrel-per-day Whiting refinery in Indiana as negotiations with United Steelworkers (USW) Local 7-1 continue. The company said the six-year term would provide stability for the refinery and employees. “6-year term would give you certainty in your pay, your …

BP Proposes Six-Year Labor Contract at Whiting Refinery Read More »

(Reuters) – Bp is conducting planned operational activities at 440,000-bpd whiting refinery over the next several days, the company said. “We expect these activities to include planned flaring that may be visible or audible to those nearby the refinery over this period,” the company said in a social media post. Reporting by Nicole Jao in …

BP Conducts Planned Operational Activities at 440,000-bpd Whiting Refinery Read More »

(Reuters) – Marathon Petroleum’s  ​quarterly profit beat Wall Street’s ‌estimate on Tuesday, as fuel supply disruption from the U.S.-Israeli war ​on Iran pushed refining margins ​to multi-year highs. Shares of the ⁠refiner rose around 2% in premarket trade. Refining ​margins for gasoline, diesel and ​jet fuel soared after the effective closure of the Strait of Hormuz …

Marathon Petroleum Beats Quarterly Profit Estimates on Refining Margin Boom Read More »

  Reuters Bumper oil refining profits triggered by the Iran war are turbocharging Big Oil’s earnings, breathing new life into a business many investors had largely written off. The sector looks poised to produce unusually strong returns for several years, but long-term structural changes in oil consumption mean refining’s star will likely fade quickly. Despite …

A (TEMPORARY) GOLDEN ERA – Iran War Ushers in Oil Refining Golden Era. It Won’t Last: Ron Bousso Read More »

By API – American Petroleum Institute Months of disruption in the Strait of Hormuz have tested global energy markets, leaving the world with less cushion and less margin for error. Every country is facing the same disruption. But not every country entered it with the same energy system. Across Europe and Asia, governments have responded with …

AMERICAN ENERGY SNAPSHOT: The Global Energy Stress Test – How America’s Energy System Delivers Read More »

(Reuters) – The MERA Oil consortium of U.S. and Saudi Arabian companies is advancing plans for a $5 ​billion integrated refinery and export corridor in the ‌Gulf aimed at boosting regional energy infrastructure, its partners said on Wednesday, as the Iran war continues to disrupt energy flows. Texas-based ​energy development company MWG Group, the Patel Family ​Office …

US-Saudi Consortium Advances Plans for $5 Billion Gulf refinery Read More »