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(AP file photo/Sue Ogrocki)

Valero raises dividend

U.S. refiners have fared better than other parts of the energy industry during the downturn, as cheaper crude prices have boosted their margins
Congressman Gene Green (foreground). ( John Jiles / Chronicle )

House panel approves oil exports bill, with change from Houston Rep. Green

Although Republican leaders are intent on pushing the bill through the House soon, the lopsided 31-19 vote illustrated the steep political obstacles to liberalizing crude trade.

Cost, length of Exxon’s cleanup still unclear after N.J. deal

The cleanup, which can largely be overseen by private professionals instead of the state under a 2009 law, could take years, perhaps even decades.
(AP Photo/The Times, Kyle Telechan)

Refiners running full throttle could lead to a heavier fall maintenance season

As plants operate at record-high capacities to soak up cheap crude and satisfy a growing demand for gasoline, a spate of refinery shutdowns have cropped up across the United States, including a recent shutdown of the BP Whiting plant, the largest refinery in the Midwest.
(Jeff Pachoud/AFP/Getty Images)

U.S. pump prices slip to three-month low

Pump prices declined to the lowest level since an April 24 survey due to lower crude oil prices in combination with high output from refineries.
An oil tanker, right, cruises past a new liquefied natural gas tanker at the Cheniere terminal in Cameron Parish, La. (Michael Stravato/The New York Times)

Congressional Democrats question oil exports

A House hearing Thursday illustrated the steep obstacles for oil producers and their congressional supporters seeking to upend a longstanding ban on exporting crude.
(Photographer: Patrick Semansky/Bloomberg)

Petrochemical growth may keep Houston out of oil-related recession

West Houston, with white-collar oil and gas jobs in the Energy Corridor, and the Galleria area will suffer more, while the more blue-collar East Houston workforce would be better off in the short term, the report contends.
(Cody Duty / Houston Chronicle)

Steelworkers, Marathon Petroleum reach tentative deal for Texas City refinery

The pact, if approved by the union members, would mark the end of a nationwide walkout that at its height affected 15 refineries, chemical plants and other locations.
(Mayra Beltran / Houston Chronicle)

Exxon to get federal money for WWII-related cleanup

Exxon Mobil Corp. will get help from the U.S. government in paying for clean up costs at two refineries that produced billions of gallons of aviation fuel for allied forces during World War II and the Korean War.
(Shane Bevel/Bloomberg News)

Crude prices rising after inventories show a slower gain

Futures traders bid up the price of U.S. crude after a government report showed a smaller-than-expected gain in inventories.