The following is a selection of the most important news affecting the oil market.
Phillips 66 is considering building a condensate splitter at its Sweeny refinery in Texas that could provide feedstock to run more downstream units at full capacity.
Valero Energy Corp.’s Port Arthur, Texas, refinery will keep a hydrocracker shut as long as a week for repairs, according to a person familiar with operations.
U.S. Gulf Coast gasoline climbed for a second day after a unit upset at Total SA’s Port Arthur, Texas, refinery signaled a slowdown in production.
Motiva Enterprises LLC had to adjust its strategy for the $10 billion expansion of the Port Arthur, Texas, refinery because of a boom in U.S. oil production, Bob Pease, the company’s chief executive officer, said.
Gasoline rose to the highest intraday level in more than seven weeks as U.S. refinery maintenance threatened to curtail production and reduce supply.
Valero Energy Corp. plans to perform maintenance in late 2014 at its Port Arthur, Texas, refinery, a person familiar with a schedule for work said.