Articles
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1 month ago |
mercurynews.com | Nathan Risser |Joe Carroll |Barbara Powell
By Nathan Risser, Joe Carroll and Barbara Powell | BloombergValero Energy Corp. took a $1.1 billion writedown on its California oil refineries, casting doubt on the company’s future as a fuelmaker in the most-populous US state. The pre-tax charge reflects Valero’s conclusion that “the carrying values of these assets were not recoverable,” according to a statement Thursday.
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1 month ago |
bloomberg.com | Nathan Risser |Joe Carroll |Barbara Powell
A Valero gas station in El Cerrito, California, US, on Monday, March 25, 2024. Valero Energy Corp. is expected to release earnings figures on April 25. Photographer: David Paul Morris/Bloomberg(Bloomberg) -- Valero Energy Corp. took a $1.1 billion writedown on its California oil refineries, casting doubt on the company’s future as a fuelmaker in the most-populous US state.
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1 month ago |
bloomberg.com | Barbara Powell |Nathan Risser
A refinery in Wilmington, California. (Bloomberg) -- California will see almost one-fifth of its crude-processing capacity vanish in the next 12 months as two key refineries quit the business of turning oil into fuels. Valero Energy Corp. and Phillips 66 plan to idle a combined 284,000 barrels of daily refining capacity by this time next year, moves that will squeeze the perennially tight motor-fuels market in the most-populous US state.
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2 months ago |
mynewsdesk.com | Barbara Powell
Den 20 mars är det den internationella munhälsodagen. I samband med detta så lanseras en ny Novus-undersökning från konsumenthälsoföretaget Haleon. Undersökningen avslöjar en generationsklyfta i svenskarnas syn på och rutiner kring munhälsa. Äldre generationer visar sig vara förebilder med konsekventa tandvårdsrutiner och en djup förståelse för vikten av förebyggande vård.
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Feb 19, 2025 |
chemicalprocessing.com | Barbara Powell |Nathan Risser
After more than a century of churning out fuel on the banks of the Houston Ship Channel, the city’s oldest refinery is preparing to shut down, potentially putting hundreds of people out of work. Its competitors are welcoming its demise. The closure of the plant — built by industrialist Harry Sinclair in 1918 and now owned by petrochemicals giant LyondellBasell Industries NV — reflects the struggles of a sector that’s declining along with demand for its central product.
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The fall refinery maintenance season in the US is shaping up to be the heaviest since before the Covid-19 pandemic https://t.co/4H2Hv4MdWz via @markets
RT @GasBuddyGuy: The fact that refinery cracks are holding up (aka oil is plunging but gasoline hasn't as much) bodes well for a more affor…
Looking for premium gasoline? It will cost you https://t.co/ObXXssaxhz via @markets