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Another U.S. Oil Refinery to Vanish with Lyondell Houston Plant Closing

Conventional Energy, Energy Topics & Technology, EnergyNow News and Press Releases, Latest, Oil, Refineries / By

Chemical maker LyondellBasell Industries on Friday detailed its long-announced plan to permanently shutter its 263,776 barrel-per-day (bpd) Houston oil refinery in the first quarter of 2025. The planned closing marks the latest in a wave of U.S. refinery closures as motor fuel demand is expected to peak this decade and decline under pressure from renewable …

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Exxon, Chevron Top Q3 Profit Expectations as US Oil Output Hits Record High

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. oil producers Exxon Mobil and Chevron posted better-than-expected third-quarter profits on Friday, outperforming their European rivals, as record U.S. oil production cushioned the blow from a plunge in fuel margins. The two focused on expanding oil and gas production as rivals BP and Shell spent heavily on wind, solar and renewables that …

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Venezuela’s Oil Exports Hit a 4-Year Peak on Higher Output, Sales to US, India

CDN and International News, Conventional Energy, Latest, Oil / By

HOUSTON/MARACAY, Nov 1 (Reuters) – Venezuela’s oil exports rose to a four-year high, approaching 950,000 barrels per day in October, boosted by growing crude output and more sales to India and the United States, according to shipping data and documents from state firm PDVSA. The increase happened despite a large storage terminal fire last month, …

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