Joe Ryan

1 week ago | news.bloomberglaw.com | Joe Ryan |Nathan Risser

Valero Energy Corp. is considering closing its San Francisco Bay Area oil refinery within a year, as strict environmental rules and heightened regulatory oversight in California have driven a string of plant closures along with conversions from crude to renewable fuels. Valero, one of the largest US fuel makers, told the California Energy Commission that it will idle, restructure or cease operations at the refinery in Benicia by the end of April 2026, according to a statement Wednesday.

1 week ago | news.bloombergtax.com | Joe Ryan |Nathan Risser

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1 week ago | news.bloombergtax.com | Joe Ryan |Nathan Risser

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.

1 week ago | news.bloomberglaw.com | Joe Ryan |Annmarie Hordern

US Energy Secretary Chris Wright said the selloff in the oil market is overblown, and he expects American crude produces to keep increasing production. “You see a marketplace right now that is worried about economic growth,” Wright said during an interview on Bloomberg Television on Friday.

1 week ago | bloomberg.com | Joe Ryan |Annmarie Hordern

Chris Wright, US secretary of energy, during the 2025 CERAWeek by S&P Global conference in Houston, Texas, US, on Monday, March 10, 2025. The event will focus on the challenges ahead for energy security, supply, and climate ambitions as well as for markets, infrastructure, directions of policy and the advance of technology including AI. Photographer: F.