Refineries

(Reuters) – Phillips 66 has barred nearly 400 union workers from its Bayway refinery in Linden, New Jersey, after the collective bargaining agreement and an extension of the contract expired. The labor dispute at Bayway, the largest refinery on the U.S. East Coast, comes as gasoline and diesel prices remain elevated amid disruptions to global …

Phillips 66 Locks Out Union Workers at New Jersey Refinery After Contract Expires Read More »

(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 »