Moody’s: Refineries face flat demand, new competition
Shale oil will continue to give U.S. refineries a cost advantage over their European peers, but a few big refinery expansions in Saudi Arabia could steal market share. More »
Chevron seeks buyer for Hawaiian refinery
Chevron hired an investment banking firm to identify potential buyers interested in its Hawaiian assets, which include the refinery in Kapolei on the island of Oahu, a pipeline that connects the refinery to a terminal in Honolulu and five terminals across the Hawaiian islands. More »
Tesoro names new executives
Refiner Tesoro Corp. is hiring two new executives, including a new chief financial officer and an executive vice president for strategy. More »
Tesoro reports slight drop in earnings
The company’s net income fell to $224 million, or $1.70 a share, compared with $227 million, or $1.64 a share, for the second quarter of 2013. More »
Texas refiner sues Utah county over pipeline rules
Tesoro Corp. wants to build a 135-mile pipeline to carry crude oil from the Uinta Basin to Salt Lake City refineries. More »
New oil industry lobbyist stands apart from pack
The oil industry’s new top lobbyist has an attribute that could give him an edge navigating the minefield of energy politics on Capitol Hill. More »
New congressional caucus aims to boost refiners
Refiners fighting against biofuel mandates, environmental regulations and changes in U.S. export policy may have new allies on Capitol Hill, with the launch Wednesday of a congressional caucus dedicated to the sector. More »
Vancouver council weighs resolution against oil terminal
Tesoro Corp. and Savage Companies are proposing a terminal at the Port of Vancouver that could handle as much as 380,000 barrels of crude per day. More »
Tesoro’s crude rail plans hit delay in Washington state
Tesoro Corp. CEO Greg Goff said Thursday that the company’s plan to rail crude oil to the Port of Vancouver USA has been delayed as the state of Washington completes an environmental impact statement.
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Debate on crude export ban ignites lobbying in DC
A high-profile debate over the 39-year-old ban on exporting U.S. crude unleashed a wave of lobbying in the nation’s capital, government filings reveal.
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California may cut gasoline demand 9 percent by 2020
California may cut gasoline demand by at least 9 percent through 2020 as consumers switch to greener cars and state and federal policies boost efficiency. More »
Independent refiners form ‘CRUDE’ group to fight export efforts
The group’s founding members are all independent refiners: Dallas-based Alon USA Energy Inc.; Parsipanny, N.J.,-based PBF Energy, Delta Air Lines subsidiary Monroe Energy, based in Trainer, Pa.; and Philadelphia Energy Services.
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