Global refiners face profit slump as new plants come online
WEB10 hours ago · Singapore refining profits, a bellwether for Asia, fell to $1.63 a barrel on Sept. 17, a seasonal low since the same period in 2020. ... He previously covered corporate oil and gas news with a ...
The Refining Supercycle Is Coming to an End | OilPrice.com
WEB5 hours ago · By Tsvetana Paraskova - Sep 20, 2024, 4:36 AM CDT. The refining industry is witnessing the end of the supercycle of huge profits and record margins that began with the post-pandemic surge in ...
Oil Refiners in US Slow Down, Stoking Global Crude Glut ...
WEBAug 11, 2024 · Some of the top US oil refiners are throttling back operations at their facilities this quarter, adding to concerns that a global glut of crude is forming.
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WEBThe latest downstream news, industry trends and events from the hydrocarbon industry, covering oil refining, gas processing and clean fuels.
U.S. oil refiners again expand fuel capacity after big shrink
WEBHOUSTON, June 21 (Reuters) - U.S. crude oil refining capacity has reversed two years of declines and climbed by more than 100,000 barrels, to 18.1 million barrels per day (bpd), according to a...
Texas Deadly Oil Blast Exposes Safety Lapses in US Refineries ...
WEBMay 15, 2024 · The explosion that rocked Marathon Petroleum Corp.’s Galveston Bay oil refinery one year ago trapped Rigoberto Guillen 75 feet in the air. Stranded on a metal platform, he and a colleague ...
Rise in refinery outages, tighter supplies pushing up US fuel ...
WEBSept 21 (Reuters) - U.S. oil refiners that cranked up processing this year amid soaring demand for gasoline and diesel are being hit by outages weighing on their ability to rebuild thin fuel...
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