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CB&I, which operates out of The Woodlands, will build the Liwa Plastics Industrial Complex Project for the Oman Oil Refineries and Petroleum Industries Company, called Orpic.
Gasoline costs also could continue to come down through December, according to GasBuddy, which noted that prices don’t always spike during busy driving weeks.
Average retail prices on Monday for regular unleaded gasoline dipped by nearly 3 cents from last week down to $1.91 for the Houston area and $1.92 for Texas as a whole, according to GasBuddy’s daily survey data. In Houston, prices are 78 cents lower than the same time last year.
The gasoline increase comes in the wake of the U.S. benchmark for oil rising from $43.20 a barrel on Oct. 28 up to $47.90 by Nov. 3.
LyondellBasell said its new executive vice president and CFO will take over on Jan. 1.
Patrick DeHaan, senior petroleum analyst for GasBuddy, predicted gasoline prices may tick up slightly this week and then come down more as the holiday season approaches.
Refining profits alone jumped 80 percent thanks to cheap feedstock from low oil prices and stronger margins.
Low gasoline prices are cutting into revenues, but low oil prices mean much lower feedstock costs and better margins.
The San Antonio-based refiner’s earnings from continuing operations jumped to $759 million, or $6.13 a share, compared with earnings of $397 million, or $3.06 a share, for the same period a year ago.
Valero, the nation’s largest refiner, attributed the higher net income mostly to higher margins in its refining segment and healthy demand.