Oil Refinery News
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Updated 46 minutes ago
PKN Orlen SA, Poland’s largest oil company, said two people were killed in an accident at its Lithuanian refinery during maintenance work on a fluid catalytic cracker.
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Oil trader Gunvor Group Ltd. will buy the 107,500 barrel-a-day Antwerp refinery in Belgium from insolvent Swiss oil refiner Petroplus Holdings AG and plans to restart the plant as soon as possible.
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California-blend diesel in San Francisco strengthened for the second day to the highest level against futures in almost four months after Chevron Corp. flared gases at the Richmond refinery in Northern California.
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California-blend gasoline in Los Angeles fell to the lowest level against futures in two weeks as BP Plc and Valero Energy Corp. started refinery units and state inventories of the motor fuel jumped 7 percent last week.
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Kazakhstan may construct the country’s fourth oil refinery within the framework of the Kashagan development in the Caspian Sea, Prime Minister Karim Massimov said.
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Following is the text of the weekly Petroleum Status Report from the U.S. Department of Energy:
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Bloomberg's Sheila Dharmarajan reports on the impact of rising oil and gas prices on U.S. refiners. Gasoline demand is lower and supplies are tighter, prompting oil refinery closures on the east coast. She speaks on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)
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Gasoline in the U.S. Northwest tumbled by the most in three years after trading switched from February to March delivery and Tesoro Corp. was said to be starting two gasoline-making units at the Anacortes refinery.
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French President Nicolas Sarkozy will travel to the Petroplus oil refinery in Petit-Couronne with Finance Minister Francois Baroin at 11:30 a.m. Sarkozy will hold a speech to Petroplus employees at 12:50 p.m.
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Following is the text of the weekly Petroleum Status Report from the U.S. Department of Energy:
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