(Patrick Semansky/Bloomberg)

Blizzard conditions hit HollyFrontier refining operations

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The extreme weather kept some crude oil from making it to HollyFrontier’s Navajo Refinery in New Mexico and slowed refining production.
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Citgo will pay back wages to workers at Corpus plant

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The U.S. Labor Department said that 239 employees will receive a total of $460,853 in unpaid overtime for the average 15 minutes a day they spent briefing employees arriving for the next shift.
Categories: General, Refining, Workforce
(Ty Wright/Bloomberg)

National gasoline average dips down to $1.99 a gallon

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The move comes just in time for a busy holiday driving season with so many people hitting the road to spend time with family and friends. This is the lowest gas prices have dropped since March 2009.
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A boat passes a refinery standing along the Houston Ship Channel.  (Scott Dalton/Bloomberg)

No export ban? No problem for U.S. refiners getting tax break

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The House and Senate on Tuesday evening reached a deal on tax and spending plans that included an end to the oil-trade limits that were implemented in 1975 after the Arab oil embargo.
An oil tanker navigates the Houston Ship Channel in Houston, Texas. (Carter Smith/ Bloomberg News file photo)

Lifting crude export ban is “stocking full of soot” for refiners

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Congress may be close to reaching an overall budget deal that would include lifting the exports, which would equate to an early Christmas present for exploration and production companies seeking more buyers for their oil and also a “stocking full of soot for the refiners,” Wells Fargo Securities said in a new report.
(Ty Wright/Bloomberg)

Nationwide gasoline average may finally dip below $2 a gallon

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U.S. oil prices at $35 a barrel are also at their lowest point since that time, and the nationwide gasoline average could finally drop below $2 this week..
The Dow Chemical Co. logo is displayed on the company's headquarters  in Midland, Michigan, U.S., on Friday, July 22, 2011. Dow, the largest U.S. chemical maker, is expected to announce quarterly earnings on July 27. Photographer:Frank Polich/Bloomberg

Dow Chemical, DuPont said to be in late-stage talks about merger

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An accord may be announced as soon as this week, said the people, who asked not to be identified because the information is private.
(Lisa Poole / AP2009)

Phillips 66 starts up new fractionator near Houston after delay

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The project is supported by 250 miles of new pipelines and a multimillion-barrel storage cavern complex.
(Patrick Semansky/Bloomberg)

Wood Group buys The Infinity Group for $150 million

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The privately-owned Infinity was founded in 1952 and is headquartered south of Houston in Clute, but the company also operates in La Porte along the Houston Ship Channel.
(Jeff Kowalsky/Bloomberg News)

Investors approve MarkWest acquisition by Marathon Petroleum spinoff

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The deal is expected to close Friday with Marathon making an analyst and investor presentation touting the deal on Thursday.