Phillips 66 Sees Optimism for Future as It Carries Out Growth Projects

Midstream company Phillips 66 (NYSE:PSX) (Houston, Texas) suffered financially amid the economic downturn and lack of demand for petroleum products brought about the COVID-19…

Petroleum Refining | Industrial Info | Polyethylene | IIR | Refinery | covid

Industrial Info

Mon Feb 01 2021

Dispute over Refinery Biofuel Blending Exemptions Lands in Supreme Court

A legal dispute over exemptions to biofuel-blending requirements for small refineries has reached the Supreme Court. The Supreme Court has agreed to review a ruling…

Industrial Info | Refinery | Petroleum Refining | IIR | Renewable Energy

Industrial Info

Thu Jan 14 2021

U.S. Refiners Plot $900 Million in First-Quarter Maintenance Amid Demand Struggles

U.S. refineries have increased their runs following a low in April, but the COVID-19 pandemic and seasonal factors continue to hold those runs below…

Industrial Info | covid | Refinery | Maintenance | IIR | Oil & Gas

Industrial Info

Thu Dec 17 2020

HollyFrontier Doubles Capital Spending in 2021, Accelerates Renewable Diesel Efforts

HollyFrontier Corporation (NYSE:HFC) (Dallas, Texas) is betting big on a post-COVID-19 recovery. The refiner is defying other energy companies' pandemic actions with plans to…

Industrial Info | Renewable Projects | Refinery | Capital Projects | IIR

Industrial Info

Wed Dec 16 2020

U.S. Refineries Running at Record Levels

The only thing that is certain about unplanned refinery shutdowns is that they will occur. The timing, magnitude and importance of unplanned events remains mostly…

Refining | Refinery | Petroleum Refining | Oil & Petroleum | Gasoline | Gasoline Blending | Oil & Gas | U.S Refineries

Industrial Info

Mon Aug 13 2018

Phillips 66 Sees Optimism for Future as It Carries Out Growth Projects

Midstream company Phillips 66 (NYSE:PSX) (Houston, Texas) suffered financially amid the economic downturn and lack of demand for petroleum products brought about the COVID-19 pandemic in 2020. The company finished the year with an adjusted loss of $382 million. While Phillips 66 lowered its planned 2020 capital spending plans by $700 million during the year, it nevertheless completed significant »

Dispute over Refinery Biofuel Blending Exemptions Lands in Supreme Court

A legal dispute over exemptions to biofuel-blending requirements for small refineries has reached the Supreme Court. The Supreme Court has agreed to review a ruling by the 10th U.S. Circuit Court of Appeals, which held that the U.S. Environmental Protection Agency (EPA) was in the wrong when it waived renewable fuel blending requirements for three refineries. Units of »

U.S. Refiners Plot $900 Million in First-Quarter Maintenance Amid Demand Struggles

U.S. refineries have increased their runs following a low in April, but the COVID-19 pandemic and seasonal factors continue to hold those runs below the 2015-19 average, according to data from the U.S. Energy Information Administration. At the end of October, U.S. runs stood at 14 million barrels per day, about 13% below the average. With such »

HollyFrontier Doubles Capital Spending in 2021, Accelerates Renewable Diesel Efforts

HollyFrontier Corporation (NYSE:HFC) (Dallas, Texas) is betting big on a post-COVID-19 recovery. The refiner is defying other energy companies' pandemic actions with plans to nearly double its capital expenditures in 2021, including an investment of between $500 million and $530 million in its renewables business. With demand for traditional fuels in tatters, HollyFrontier is moving to a greener diet »

U.S. Refineries Running at Record Levels

The only thing that is certain about unplanned refinery shutdowns is that they will occur. The timing, magnitude and importance of unplanned events remains mostly uncertain. Or does it? Perhaps we could argue that unplanned refinery turnarounds, even those of small magnitude, are more important during a period of low planned turnarounds such as the end of the summer driving »