Lyondell Houston Refinery Ceased Operations in February, Company Says
(Reuters) – Lyondell Basell Industries permanently shut its 263,776 barrel-per-day (bpd) Houston refinery in February, said Peter Vanacker, the company’s chief executive during a Friday conference call. Reuters reported on…
US Refiner Phillips 66 Posts Bigger-Than-Expected Quarterly Loss on Lower Margins
(Reuters) – Phillips 66 reported a bigger-than-expected loss for the first quarter on Friday, hurt by lower refining margins amid widespread maintenance and turnaround activities across the U.S. refining sector.…
Oil Set for Weekly Fall Under Supply Pressure
Summary Brent, WTI erase earlier gains following tariff uncertainty Both contracts set for weekly declines OPEC+ to consider another accelerated oil output increase for June LONDON, April 25 (Reuters) –…
US Plans Alaska LNG Summit, Urges Japan, South Korea to Support Project, Source Says
(Reuters) – President Donald Trump’s energy security council plans to host a summit in Alaska in early June, when it hopes Japanese and South Korean officials will announce commitments to…
US Aims to Boost Offshore Oil Drilling by Easing Pressure Rules
(Reuters) – The U.S. Interior Department said on Thursday it has implemented new guidelines for allowable pressure differences in a certain type of oil drilling in part of the Gulf…
US Clashes With Allies on Energy Security Vision at IEA Summit
By Ed Miliband during the International Summit on the Future of Energy Security in London. Photographer: Chris J. Ratcliffe/Bloomberg At this week’s flagship international summit on energy security, the clashing…
Morgan Stanley Infra Partners Eyes $2 billion Permian Pipelines Sale, Sources Say
(Reuters) – Morgan Stanley Infrastructure Partners is exploring the sale of its majority stake in Brazos Midstream II, with a deal expected to value its holding at more than $2…
Weak Oil Prices, Limited Shale Acreage to Hit Energy M&A in 2025, Enverus Says
Weak oil prices, limited shale acreage to hit energy M&A in 2025, Enverus says HOUSTON, April 23 (Reuters) – The U.S. upstream oil and gas M&A market is bracing for…
Valero Energy Reports First-Quarter Loss on lower Margins, Impairment Charges
(Reuters) – Valero Energy reported a first-quarter loss compared with a year-ago profit on Thursday, weighed down by lower refining margins and around $1 billion in impairment charges related to its…
Oil Regains Ground After 2% Drop on Potential OPEC+ Output Increase
Summary Potential accelerated OPEC+ output increases weighs on market Kazakhstan to prioritise national interest in oil output US-China trade war could halve China’s oil demand growth (Reuters) – Oil prices…
