Refineries

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Valero Energy Beats Profit Estimates on Strong Refining Performance

Energy Topics & Technology, Latest, Refineries, US News / By

April 30 (Reuters) – U.S. refiner Valero Energy (VLO.N) surpassed Wall Street expectations for first-quarter adjusted profit on ​Thursday, helped by strength in its refining segment, margins and throughput ‌volumes. Diesel and jet fuel margins climbed sharply in the first quarter after U.S.-Israeli attacks on Iran disrupted Middle Eastern supply, pushing finished fuel prices up …

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Phillips 66 Posts Surprise Profit on Higher Refining Margins

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, US News / By

(Reuters) – Phillips 66  posted a surprise first-quarter profit on Wednesday, as ​higher refining margins helped it offset steep losses tied to ‌volatile commodity prices. U.S. Gulf Coast refiners are reaping their strongest margins in years, as disruptions to Middle Eastern oil flows due to the Iran war have ​driven up demand for U.S. fuel exports. U.S. refiners, …

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US Refiners’ First-Quarter Profits Expected to Jump as War Lifts Fuel Margins

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries / By

The Valero Refinery in Wilmington is shown from Signal Hill, California, U.S., January 14, 2026. REUTERS/Mike Blake/File Photo Purchase Licensing Rights, opens new tab Summary Diesel, jet fuel margins surged after Strait of Hormuz closure disrupted supply Phillips 66, Valero, and Marathon Petroleum expected to post higher quarterly profits Analysts expect strong fuel margins to boost refiner …

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US Imposes Sanctions on Chinese Teapot Refinery for Buying Iranian Oil

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, US News / By

By Timothy Gardner US targets Hengli Petrochemical and 40 firms, vessels for helping Iran sell oil Sanctions aim to restrict ​Iran’s oil exports Experts say targeting Chinese banks would have greater effect US has warned two Chinese banks ‌it is willing to impose secondary sanctions WASHINGTON, April 24 (Reuters) – The Trump administration said on …

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Amber Energy Says it Will Invest $11 Billion in Citgo if Sale is Finalized

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil, Refineries, US News / By

By Erwin Seba HOUSTON, April 24 (Reuters) – Amber Energy CEO Greg Goff promised $11 billion in investments in Citgo ​Petroleum if the U.S. Treasury Department’s Office ‌of Foreign Assets Control releases the refiner owned by Venezuela to Amber as a Delaware judge approved in ​November. Goff’s appeal for release of control to ​Amber came …

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BP Lockout at Indiana Refinery Stretches Into Second Month as Union Talks Stall

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, US News / By

(Reuters) – A lockout at BP’s 440,000-barrel-per-day refinery in Whiting, Indiana, enters its second month as the British oil major and hundreds of union workers remain at odds. BP locked out about 800 workers represented by the United Steelworkers union on March 19, after months of negotiations failed to produce a new labor contract. The …

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Iran War Raises Demand for US Fuel, Boosting Gulf Coast Refining Margins

Conventional Energy, Diesel Fuel, Energy Topics & Technology, Gasoline, Latest, Oil, Refineries, US News / By

(Reuters) – U.S. Gulf Coast refiners are reaping the strongest margins in years as disruptions to Middle Eastern oil flows from the Iran war raise demand for U.S. fuel exports, analysts and experts said. Asian and European refiners have been hit hard by a slump in Middle Eastern crude exports due to Iran’s blockade of …

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Exxon Plans Spring and Year-End Overhauls at Beaumont, Texas Refinery, Sources Say

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HOUSTON, April 8 (Reuters) – Exxon Mobil Corp (XOM.N) plans overhauls in the spring and at the end ​of this year at its 612,000 barrel-per-day ‌Beaumont, Texas refinery, said people familiar with plant operations. In May, Exxon plans to shut the 60,000-bpd ​coker for a planned overhaul that ​will continue into June, the sources said. …

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Russia’s Major NORSI Oil Refinery Halted Operations After Sunday Drone Attack, Sources Say

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries / By

MOSCOW, April 7 (Reuters) – NORSI, Russia’s fourth-largest oil refinery, suspended operations on April 5 following a Ukrainian ​drone attack, two industry sources said ‌on Tuesday. The temporary closure of the refinery will add further uncertainty to Russia’s energy sector, which has been ​hit by continuous Ukrainian attacks, including ​those hitting its major oil exporting …

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Asian Refiners Switch From Dubai to Brent to Price US Crude, Sources Say

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries / By

By Florence Tan and Yuka Obayashi SINGAPORE, March 27 (Reuters) – Asian refiners are beginning to switch to pricing U.S. crude oil purchases against global benchmark ​ICE Brent instead of Dubai after the Middle East ‌marker spiked to record levels this month, three refining and trade sources said on Friday. The move could reduce liquidity …

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