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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.
He noted that the US produces a lighter oil and “we need the Canadian heavy crude to balance it in our refineries.” The inclusion of oil in tariffs “could be tremendously destabilizing to ...
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 ...
Phillips 66 announced Wednesday that it will close its Wilmington-area refinery complex next year but will work with the state to continue supplying fuel to consumers.
It was established in 1931 by Republic Oil Refining Company and sold to Plymouth Oil Company in 1957. [2] In 2005, the refinery could produce around 10 million gallons of gasoline per day. It also produced jet fuels, diesel fuels, and chemical feed stocks. Its 1,200-acre (490 ha) site was covered by 29 oil refining units and four chemical units.
800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. ... Newsom calls for new oil refinery mandate in California ...
Gasoline prices have seen sharp increases amid recent refinery constraints and higher oil prices.. The national average at the pump sat at $3.35 per gallon on Monday, up $0.09 from a week ago, but ...