Tag: refineries

Crude exports in spotlight as House leaders urge slow approach

House Energy and Commerce Committee leaders took pains to stress they will move carefully as they consider whether to loosen the nation’s 40-year-old ban on crude exports.  More »

Steelworkers’ local reminds strikebreakers of their union oath

The local union reminded its members about the initiation oath they took that included a promise to abide by the laws of the union, including, “I will cease work when authorized and approved by the organization to do so.”  More »

‘Disappointed’ in union, Shell says it is hiring relief workers

As the strike enters its second month, Shell has been training “relief employees” to operate its Deer Park refinery as well as its Norco chemical plant in Louisiana, according to a letter to employees from Aamir Farid, manufacturing vice president, Americas.  More »

No new talks set between Shell, Steelworkers

In a negotiations update Sunday, Steelworkers officials countered that oil industry negotiators refuse to address “well-documented and widespread safety deficiencies,” and “reject our efforts to reduce excessive overtime.”  More »

Fitch: Refinery strikes could send gasoline up if they extend into driving season

In a report released Wednesday, Fitch said the strikes haven’t moved markets for refined products like gasoline, diesel and jet fuel so far, largely because inventories haven’t declined much amid a mild winter and refinery maintenance season in January and February.  More »

Refinery strikes unlikely to move gasoline, oil prices

Steelworker strikes that began Sunday at seven U.S. oil refineries and two chemical plants have a slim chance of pumping up gasoline or crude prices dramatically in the near future, analysts say.  More »

Beaumont event touts benefits of Keystone XL

Crude has long coursed from Canada to Oklahoma through the existing Keystone pipeline. Southeast Texas connected to that line in January last year when the Keystone XL southern leg ending in Nederland was complete, and Gulf Coast plants are already refining crude from Canadian fields.  More »

Moody’s: Refineries face flat demand, new competition

Shale oil will continue to give U.S. refineries a cost advantage over their European peers, but a few big refinery expansions in Saudi Arabia could steal market share.  More »

Prices at the pump head below $3 in much of U.S.

While gas prices usually dip this time of year, they’re dropping even faster now due to plummeting global oil prices.  More »

Guest commentary: Partnerships needed to tackle global energy challenges

The global energy industry must seek new avenues to meet growing demand.  More »

Gulf Coast to benefit from refinery retrofits

Refiners are scrambling for ways to process newly abundant light crude from U.S. shale, and much of their construction and retrofitting investment will be on the Gulf Coast.  More »

Venezuela says Citgo assets worth more than $10 billion

PDVSA is seeking to sell Citgo assets, the U.S. unit said in a July 29 bond prospectus document.  More »

Valero earnings up on increased volumes

The crude oil that Valero made into fuels averaged 2.7 million barrels a day, an increase of 115,000 barrels a day compared with the second quarter of 2013.  More »

New congressional caucus aims to boost refiners

Refiners fighting against biofuel mandates, environmental regulations and changes in U.S. export policy may have new allies on Capitol Hill, with the launch Wednesday of a congressional caucus dedicated to the sector.  More »

Rail terminal could bring more Canadian oil to Gulf

The oil industry isn’t waiting on the Keystone Pipeline to build a link between Canadian heavy crude and the Gulf Coast.  More »
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