Valero Energy Corp., the world’s largest independent refining company, called on the Obama administration to waive the country’s biofuel target immediately, saying the cost to reach it has skyrocketed.
This week four of more than 48,000 residents who sued BP claiming health damage from the toxic gases that spewed from its Texas City refinery for 40 days in 2010 will be the first to have their day in court.
BP Plc (BP/) faces the first of almost 48,000 toxic exposure claims from neighbors of a Texas refinery who say they’ll give the billions of dollars in punitive damages they’re seeking to charity if they win at trial.
While new pipeline projects may lessen the use of crude by rail transport to the Gulf Coast, railroads will continue to provide access to coastal refineries, becoming a permanent option for moving oil domestically, an EY Oil & Gas report said Wednesday.
A company run by Africa’s richest man received a loan toward a $9 billion project that will give Nigeria its largest oil refinery and petrochemical and fertilizer complex, reducing the country’s reliance on international markets.
Motiva Enterprises LLC’s Port Arthur, Texas, refinery, may keep its largest crude unit offline because vessels able to transport its output of vacuum gasoil are in tight supply, a person familiar with operations said.
Customers may see new soda and electronic cigarette offerings at some of CST Brands Inc.’s convenience stores as the San Antonio-based company aims to increase same-store sales in the second half of the year.
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