The pipe that fed a huge fire at Chevron’s Richmond oil refinery in August appears to have been punctured from the outside, possibly by company firefighters trying to get at a small leak before the blaze ignited, investigators said Thursday.
Refiners (S5OILR) from Tesoro Corp. (TSO) to Phillips 66 that gained as much as 86 percent this year are investing in pipelines for new revenue as margins for turning oil into gasoline narrow from record levels.
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