Just before 8 pm, the United Steelworkers Union said it had reached a tentative deal with Shell, which took the lead for the industry in the talks
The Obama administration’s denial of a permit wouldn’t have much impact on future U.S. crude imports from Canada if a new application can be approved by 2013, an energy analyst told Congress. But he added the permit’s denial nonetheless raises uncertainty about U.S. and Canadian supply growth. More »
Gasoline prices are rising steadily across the United States, but a third East Coast refinery closure could set up higher prices later this year. More »
New legislation in Pennsylvania could help the state compete with Ohio and West Virginia for a huge petrochemical refinery by offering millions of dollars in tax breaks for big businesses. More »
The union representing more than 30,000 workers at refineries, terminals and pipelines throughout the U.S. warned members that a strike may be imminent as negotiations with the industry near a Feb. 1 deadline. More »
Here’s one way to keep an office tenant from leaving: put its name on the building.
Kinder Morgan, the largest independent transporter of petroleum products in the U.S., is planning its pipeline growth around an inevitable shift to natural gas in the U.S., according to CEO Richard Kinder. More »
The price differences between Brent crude oil and West Texas Intermediate (WTI) crude oil market prices are the result of a shortage of U.S. pipeline capacity and will continue to increase, according to energy pricing consultants. More »
CVR Energy Inc., the refining company formerly owned by Goldman Sachs Group Inc., rose the most in five months after announcing that entities associated with billionaire Carl Icahn invested in the company.
Opponents of a proposed $10 billion oil refinery urged a judge Thursday to strike down a state permit that would allow the project to be built in southeastern South Dakota. More »
The fight over a Texas company’s plan to build a $10 billion oil refinery in southeastern South Dakota is moving to court. More »
Chevron said its fourth-quarter profit will be “significantly” lower than the third-quarter results, partly because of weaker profit margins on refining and marketing.
The oil giant said Wednesday that its usually profitable refining and marketing business will roughly break even. Refinery volumes were weak, the company said.