Refineries

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Phillips 66 Seeing Tightened Margins Following Trans Mountain Oil Pipeline Start-Up

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, Refineries, US News / By

U.S. refiner Phillips 66 said on Tuesday its margins have tightened after the expanded Trans Mountain pipeline project in Canada started up in May. The $24.84 billion expansion has nearly tripled the flow of crude from landlocked Alberta to Canada’s Pacific coast to 890,000 barrels per day (bpd). “We are still exporting Canadian crude from …

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Marathon’s North Dakota Refinery Undergoing Maintenance, State Regulator Says

Energy Topics & Technology, Latest, Refineries, US News / By

Marathon Petroleum’s 68,000 barrel per day crude oil refinery went under maintenance earlier this month, putting downward pressure on Bakken oil prices, a state regulator said during a press conference on Friday. All units at the Mandan refinery are currently under maintenance, according to Justin J. Kringstad, director of the North Dakota pipeline authority. Marathon …

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U.S. Refining Margins Slump as Fuel Stocks Climb

Energy Topics & Technology, Latest, Refineries / By

By John Kemp U.S. oil refineries have been processing petroleum at the fastest rate for the time of year since before the pandemic, but rising fuel inventories have begun to weigh on crack spreads and likely signal a slowdown ahead. Refineries processed 17.5 million barrels per day (b/d) of crude and other feedstocks over the …

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U.S. Refining Margins Slump as Fuel Stocks Climb: John Kemp

Energy Topics & Technology, Latest, Refineries, US News / By

U.S. oil refineries have been processing petroleum at the fastest rate for the time of year since before the pandemic, but rising fuel inventories have begun to weigh on crack spreads and likely signal a slowdown ahead. Refineries processed 17.5 million barrels per day (b/d) of crude and other feedstocks over the week ending on …

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Crude Quality Issues on Trans Mountain Pipe May Hamper Flows from Canada to US West Coast Refiners

Conventional Energy, Latest, Refineries, US News / By

U.S. oil refiners and West Coast traders are flagging concerns about the quality of crude shipped on the newly completed Trans Mountain pipeline expansion (TMX), warning that high vapor pressure and acidity limits could deter purchases of Canadian heavy barrels. The $24.84 billion (C$34 bln) expansion started operations last month and has nearly tripled shipping capacity to Canada’s …

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Texas Startup Hopes 4th Time’s a Charm to Build First Big U.S. Oil Refinery Since 1977

Conventional Energy, Latest, Oil, Refineries, US News / By

Element Fuels Holdings, a Dallas-area startup proposing to build the first all-new U.S. oil refinery in nearly 50 years, on Thursday said it was relaunching efforts to build a large plant in South Texas. The Brownsville, Texas, project has been proposed by entrepreneur John Calce at least twice before by his ARX Energy, and JupiterMLP …

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Environmental Groups to Sue Canada’s Suncor Over Colorado Refinery Emissions

Emission Reduction, Energy Topics & Technology, Latest, Refineries, US News / By

The organizations, represented by environmental law non-profit Earthjustice, said they will bring a civil suit against Calgary-based Suncor over more than 1,000 emission violations that Earthjustice said Suncor reported to the state of Colorado between January 2019 and December 2023. Under the Clean Air Act, members of the public must give 60 days’ notice to …

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U.S. Oil Refiners’ Weekly Capacity Seen up 44,000 Bpd, IIR Says

Energy Topics & Technology, Latest, Refineries, US News / By

U.S. oil refiners are expected to have about 60,000 barrels per day (bpd) of capacity offline in the week ending June 7, increasing available refining capacity by 44,000 bpd, research company IIR Energy said on Wednesday. Offline capacity is expected to rise to 66,000 bpd in the week ending June 14, IIR added. The following …

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US Refiners Boosting Fuel Output Past 90% of Capacity for Summer Driving Season

Energy Topics & Technology, Gasoline, Latest, Refineries, US News / By

U.S. crude oil refiners aim to operate above 90% of their combined processing capacity for the remainder of the quarter after completing planned overhauls, said analysts contacted by Reuters. Strong spring production levels have retail gasoline prices on par with a year ago, according to motorist group AAA. The nationwide average price for a gallon …

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U.S. Refiners Reward Shareholders With Big Returns Despite Softer Q1 Profits

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries / By

NEW YORK, May 20 (Reuters) – Major U.S. fuel makers returned billions in capital to shareholders in the first quarter and boosted share repurchase programs, even as refining margins softened from recent records and utilization rates fell. Three of the biggest U.S. independent oil refiners – Marathon Petroleum (MPC.N), Phillips 66 and Valero Energy  – earned combined adjusted profits …

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