Valero Energy Corp.’s plan to unload as many as 70,000 barrels of oil a day from trains at its Benicia refinery will increase emissions across California in a “significant and unavoidable” way, a city report shows.
Even as the decision to stop gas supplies to Ukraine aggravates tensions with the U.S. and Europe, Russia faces a dilemma: it still needs Exxon Mobil Corp., Halliburton Co. and BP Plc to maintain output from Soviet-era oil fields and develop Arctic and shale reserves.
General Motors Co. Chief Executive Officer Mary Barra plans to tell lawmakers tomorrow the steps the automaker has taken to change its culture and act more swiftly to address safety defects, her written testimony shows.
North America’s dominance of global exports of refined fuels will expand to unprecedented levels by 2019 as the shale revolution makes U.S. refineries more competitive, the International Energy Agency said.
SSP Group Ltd. Chief Executive Officer Kate Swann downplayed concern that demand for initial public offerings may be running out of steam as she unveiled plans for a return to the stock market less than a year after leaving retailer WH Smith Plc.