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.
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 »
While gas prices usually dip this time of year, they’re dropping even faster now due to plummeting global oil prices. More »
The global energy industry must seek new avenues to meet growing demand. More »
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 »
PDVSA is seeking to sell Citgo assets, the U.S. unit said in a July 29 bond prospectus document. More »
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 »
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 »
The oil industry isn’t waiting on the Keystone Pipeline to build a link between Canadian heavy crude and the Gulf Coast. More »
The Supreme Court upholds the EPA’s efforts to limit greenhouse gases from power plants, refineries and factories — a key affirmation of the Obama administration’s climate agenda. More »
U.S. oil exports hit a 15 year high in April, despite broad limitations on foreign sales, according to a report released Monday by the federal Energy Information Administration. More »
East Coast refiners are using less imported oil, as trains deliver crude from the prolific Bakken Shale in North Dakota. More »
Tesoro Corp. CEO Greg Goff said Thursday that the company’s plan to rail crude oil to the Port of Vancouver USA has been delayed as the state of Washington completes an environmental impact statement.
Government regulators predict a surge in U.S. oil production will means a steep increase in the number of trains carrying it to California refineries. More »
U.S. refineries are processing the most oil since January as plants come out of seasonal maintenance, squeezing crude stockpiles for the first time in 11 weeks. More »