Newest U.S. refinery sold at a loss, hurt by oil price
A North Dakota refinery that was the first to be built in the United States since the 1970s has been sold at a loss, with profit elusive since it opened last year, as low oil prices took a toll on
The history of the 335,000 barrel-per-day Philadelphia Energy Solution’s refinery complex dates to the 1860s, when the nation’s first oil refinery was established at the confluence of the
Oil and Gasoline Dip With Refineries Spared From Worst of
Aug 27, 2024· A gas flare at the Phillips 66 oil refinery ahead of Hurricane Laura in Lake Charles, Louisiana, U.S., on Wednesday, Aug. 26, 2024. Crude futures in New
Aug 10, 2024· So Delta Air Lines tried a bold experiment: It bought an oil refinery in 2012 outside Philadelphia, the first such purchase by a major U.S. airline.
First Major New U.S. Oil Refinery Since 1977 Targets
The last greenfield refinery built in the continental United States was opened 43 years ago when Marathon Petroleum opened its spanking-new 200,000 barrel of oil
NEW YORK (AP) — Stocks are mixed in midday trading on Wall Street, while the price of oil cratered to never-before seen lows. A barrel of benchmark U.S. oil
Exclusive: Delta's refinery sacrifices profits for lower
After profitable years in 2014 and 2015, Delta’s refinery lost $10 million in the second quarter, following a loss of $18 million in the first quarter, and the company expects the refinery to
The Calgary-based company has locked in more than half its asphalt production which forms 30 per cent of the output from its 10,000-barrel-a-day refinery in Great Falls, Mont.
Oil, economic growth and strategic petroleum stocks
The EIA 2014 Annual Energy Outlook projects that the net percentage of U.S. oil and liquids imports, relative to U.S. consumption, will drop to 25% by 2016 (Reference Case). Their High Oil and Gas Resource Case projects a much sharper decline of U.S. oil imports with net imports steadily declining to zero before 2040. 24
Oryx, the nation's largest independent oil producer, said it had taken out new loans of nearly $1 billion, sharply raising its interest expense, to acquire 17 percent of its stock, held by the Pew