Americas
Valero expects lower refinery utilization as margins tank
Valero Energy Corp. expects lower refinery utilization over the rest of the year as companies step up efforts to counter slumping refining margins caused by record supplies of gasoline and diesel products.
Bechtel to upgrade Texas refinery for ExxonMobil
Expansion of ultra-low sulfur product slate anticipated to be complete in 2018.
ExxonMobil to expand ultra-low sulfur fuels production at Beaumont refinery
ExxonMobil plans to increase production of ultra-low sulfur fuels at its Beaumont refinery by approximately 40 Mbpd.
Husky shuts pipeline indefinitely after Canadian oil spill
Husky Energy Inc. has indefinitely closed a pipeline that leaked oil into a major Canadian river.
Pemex says Cadereyta refinery partially restarted
Pemex’s Cadereyta refinery partially restarted operations Sunday, allowing it to resume production.
Refiner Valero's profit beats but margins stay under pressure
US refiner Valero Energy Corp. reported a quarterly profit that beat analysts' reduced estimates, even as the company's refining margin continued to be gutted by a spike in gasoline and distillate inventories.
Pemex to speed fuel imports as refinery closure continues
Mexico's state-owned oil company, Pemex, will speed up already scheduled fuel imports as the complete shutdown of its fourth-largest refinery enters its fourth day.
US refiners switch to winter brew
In a summer of discontent with high inventories and an unseasonably weak demand, some refiners have started blending winter grade gasoline earlier than usual to sell later in the year.
US refinery margins rise in three of five regions
Credit Suisse’s weekly report says refining margins increased in three of the five US petroleum districts for the week of July 15.
Pemex Tula refinery briefly halts production after power outage
A power outage Pemex’s second biggest refinery briefly interrupted production, but the company expects no long-term effects.
- Brazil's Petrobras to invest $4.8 B in integration between Reduc refinery and Boaventura complex 7/8
- Braskem completes first sale of circular polyethylene in South America 7/8
- bp's 440,000-bpd refinery in Whiting, Indiana (U.S.), reported flaring due to operational conditions 7/8
- UK's insolvent Lindsey oil refinery secures some crude supply to keep running for now 7/8
- Brazil's energy minister hints at possible fuel price cuts 7/8
- Marathon Galveston Bay refinery (U.S.) hydrotreater to remain shut until September 7/8
