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The decision by Phillips 66 this week to shutter its refinery in Wilmington next year will wipe out more than 8% of the state's crude oil processing capacity. Another refinery shuts down in ...
On Tuesday oil alliance OPEC maintained its prior forecast for global oil demand to grow by 2.2 million barrels per day in 2024. In March OPEC+ extended output cuts of 2.2 million per day into the ...
Oil company Phillips 66 announced Wednesday that it plans to shut down a Los Angeles-area refinery by the end of 2025, citing market concerns. The company said it will remain operating in the state.
NEW YORK (Reuters) -Oil settled down 1% on Tuesday, posting its first monthly loss since March, as demand is expected to drop after Hurricane Ida shuttered U.S. Gulf refineries. Brent crude ...
The Magnolia Refinery played a key role during World War II as it stepped up production and shipped oil globally. [7] By 1959, the operations of the Magnolia Oil Company had been merged entirely into SOCONY Mobil. [6] The refinery further in the ensuing decades to becomes Beaumont's largest employer and eventually Mobil's largest refinery by ...
In 2012, US oil refineries recovered 7.4 million metric tons of sulfur, worth about $915 million, and amounting to 88% of the elemental sulfur produced in the US. [15] Sulfur removal (as well as other contaminants) was a key theme of US refinery investment during 1990 to 2017 leading to additional sulfur production.
The Oil & Gas Journal publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. For some countries, the refinery list is further categorized state-by-state.
About 1.6 million barrels of crude oil remained offline, with only about 100,000 barrels added since Saturday. Another 1.8 billion cubic feet per day of natural gas output also was shut-in, the ...