6 articles
LyondellBasell sold its Houston refinery to Valero for $320.5 million, abandoning chemical recycling plans due to weak US regulatory support and shifting fuel markets. The company may instead deploy i
Phillips 66 reported a record third-quarter net income of $5.62 billion, driven by soaring refining margins amid global fuel supply disruptions. Peer refiners Valero and HF Sinclair also posted record
Top U.S. refiners Marathon, Phillips 66, and Valero reported record combined profits of $12.6 billion in Q2 due to supply disruptions, returning $6.3 billion to shareholders. Analysts expect robust ca
Valero executives state biofuel imports are lagging due to tax credit changes and RIN registration hurdles, complicating EPA mandate compliance. Imports through June totaled just 25% of 2024 levels de
US oil refiners are ramping up production to offset Middle East supply disruptions, pushing utilization rates to 92% and exports to record highs. Major companies like Valero and Marathon are adjusting
Valero Energy partially restarted its Port Arthur refinery after a March 23 explosion, keeping one crude distillation unit running while repairing another. The incident affected U.S. Gulf Coast refini
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