Oil Refinery

Will changing demand hamper North American refiners?

Despite the prolonged low-price oil market over the past year, North American refiners have largely remained in good financial health — but changes in the supply and demand landscape are creating uncertainties, according to consultancy Wood MacKenzie. OPEC production cuts, the lifted ban for US exports, and decarbonisation legislation are triggering push-me-pull-you scenarios  making it

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Lyondell Houston refinery draws bids from Aramco, Valero, Suncor

Saudi Aramco bids $1.5 billion for Lyondell Houston refinery By Jessica Resnick-Ault and Erwin Seba NEW YORK/HOUSTON, Oct 21 (Reuters) – At least three firms including Saudi Arabian state oil giant Saudi Aramco have bid over $1 billion for the Lyondell Houston refinery, according to four people familiar with the process. The Saudi firm was initially seen as

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Legislators debate US Virgin Islands oil refinery deal with US equity firm

US Virgin Island oil refinery closed in 2012 CHARLOTTE AMALIE, Virgin Islands _ Legislators in the U.S. Virgin Islands are debating an $800 million deal that would allow a Boston-based equity firm to operate what was once the world’s largest oil refinery. Senators met Tuesday to discuss whether the Hovensa oil storage facility in St. Croix

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