01.05.2013
- U.S. refiner Phillips 66 said on Wednesday that first-quarter earnings more than doubled as it used cheaper American- and Canadian-produced crude oil to make gasoline and other...
01.05.2013
- Oil traders including commodities giant Trafigura and Australian bank Macquarie have quietly begun shipping U.S. crude oil from Texas to Canada, raising the ire of U.S. East Coast...
21.02.2013
- Europe's hard-pressed refining industry faces more closures as its competition in the United States enjoys the double bonus of growing domestic shale oil supply and cheaper...
01.02.2013
- Strength in refining and chemicals led to higher-than-expected fourth-quarter earnings for Exxon Mobil and Chevron, the two largest U.S. oil companies. A flood of oil produced from...
14.12.2012
- U.S.-based refiner Phillips 66 said Thursday it would support exports of crude oil from the United States, arguing the boost they would give the country's economy would trump the...
29.10.2012
- The second-largest refinery on the U.S. East Coast was shutting down on Sunday and three other plants cut output as Hurricane Sandy threatened widespread power outages and a...
02.05.2012
- ConocoPhillips completed the spin-off of Phillips 66, its refining, marketing, chemicals and transportation arm, creating the newest independent U.S. refiner. Phillips 66 aims to...
22.12.2011
- Exxon Mobil plans to merge two of its products divisions, a sign of the times for big oil companies, which generally are sharpening their corporate focus on the growing challenges...
