Refineries

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US Refinery Capacity Grew by Nearly 40,000 Bpd to 18.4 Million Bpd in 2024

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

U.S. refinery crude oil processing capacity grew by nearly 40,000 barrels per day in 2024 to 18.4 million bpd, the U.S. Energy Information Administration said on Friday. Motiva Enterprises’ Port Arthur, Texas, plant became the largest single refinery by capacity at 640,500 bpd, passing Marathon Petroleum’s Galveston Bay Refinery in Texas City, Texas, according to …

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Chevron Seeks Buyers for 50% Stake in Singapore Refinery, Sources say

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

Summary Chevron looking to sell refinery stake amid global restructuring Refinery partner PetroChina has first right of refusal on stake Chevron also gauging interest to sell other Asia assets Stake value estimated in $300 million to $500 million range SINGAPORE, (Reuters) – U.S. oil major Chevron  has sought non-binding bids for the sale of its 50% …

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Global Oil Refiners See Short-Term Boost From Higher Margins

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

Summary Global refining margins hit a 14-month high in May Capacity closures in Europe, US, have tightened fuel supply Margins also boosted by summer peak fuel demand, relatively low stocks (Reuters) – Refiners across the globe are reaping unexpected profits from producing key fuels in recent weeks, offering an ailing sector respite before an anticipated …

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Carney and Canadian Premiers Bid to Speed Up Major Projects, Cut US Reliance

CDN and International News, Coal, Conventional Energy, Energy Topics & Technology, Latest, LNG, Natural Gas, Oil, Pipelines, Refineries / By

(Reuters) – Prime Minister Mark Carney, seeking to reduce Canada’s economic ties to the United States, on Monday met the heads of the 10 provinces as part of a push to slash the time needed to approve mining and energy projects. It can take a decade or more for a mine or a pipeline to …

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Elliott Wins Two Seats, Phillips 66 Retains Two Seats in Hotly Contested Board Fight

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

By Svea Herbst-Bayliss and David French Phillips shareholders elect two of activist investor’s nominees Oil refiner also sees two of its nominated directors elected Analysts say vote means some change but no big mandate for transformation Elliott had never had a US based proxy fight go to a vote NEW YORK, May 21 (Reuters) – …

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US EPA to Rule on Backlog of Small Refinery Biofuel Exemption Requests, Zeldin Says

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

By Stephanie Kelly and Jarrett Renshaw About 161 applications await decisions Action will affect market for renewable fuel credits Big Oil, Farm Belt anticipate 2026 biofuel blending requirements NEW YORK, May 15 (Reuters) – The Trump administration plans to rule quickly on dozens of small U.S. refineries’ pending applications for exemptions from biofuel-blending requirements, the …

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California Drivers Are Paying Up as Refineries Disappear

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

Governor Gavin Newsom’s latest outreach to the Golden State’s oil companies may be too late to arrest a steady decline in gasoline production. By Nathan Risser Californians are accustomed to paying the highest gasoline prices in the US. That trend likely will continue because of the state’s reliance on a dwindling fleet of oil refineries. …

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Oil Refiners’ Robust Profits Defy Souring Outlook

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

By Ron Bousso Global refining profit margins above 2024 levels Traders refilling depleted diesel inventories after cold winter Gasoline demand set to rise ahead of summer LONDON, May 8 (Reuters) – Global oil refineries’ strong profit margins signal healthy oil consumption today, a stark contrast with the grim long-term demand outlook. Sentiment in the oil …

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How Tariffs and OPEC+, Oddly Enough, Are Driving Down the Price of Oil

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

By Julian Lee and Alex Longley When US President Donald Trump was inaugurated to his second term as president on Jan. 20, oil prices were close to the highs of the summer before. By early May, they had plunged by nearly a quarter. That’s for two big reasons: Trump’s trade war is driving down economic …

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Sunoco LP to Acquire Parkland Corporation in Transaction Valued at $9.1 Billion

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Mergers and Acquisitions, Oil, Press Releases, Refineries / By

DALLAS, May 5, 2025 /CNW/ — Sunoco LP (NYSE: SUN) (“Sunoco” or the “Partnership”) and Parkland Corporation (TSX: PKI) (“Parkland”) announced today that the parties have entered into a definitive agreement whereby Sunoco will acquire all outstanding shares of Parkland in a cash and equity transaction valued at approximately $9.1 billion, including assumed debt. As part of the …

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