Sentences with phrase «u.s. oil refiner»

April 30 U.S. oil refiner Marathon Petroleum Corp, which has agreed to buy rival Andeavor, reported an increase in first - quarter profit, helped by higher refining and marketing margins.

Saudi Aramco has added Lynn Laverty Elsenhans, the former chairwoman, president and CEO of U.S. oil refiner Sunoco, to the board.

MOVERS AND SHAKERS: Saudi Arabia's state - oil giant Aramco has added its first female director to its board: Lynn Laverty Elsenhans, the former chairwoman, president and CEO of U.S. oil refiner Sunoco.

This is because U.S. oil refiners «guessed wrong» on the U.S. oil boom (in light oils) and invested billions to configure their plants for heavy oils.

Not exact matches

Marathon Petroleum has announced it will buy competitor Andeavor in a $ 23.3 billion deal that will create the largest independent oil refiner by capacity in the U.S., surpassing the established leader Valero Energy.

The possibility of Venezuelan oil import restrictions has divided White House advisors, and now is pitting Harold Hamm, chairman and CEO of Continental Resources and energy advisor during President Trump's campaign, against U.S. refiners that import Venezuelan crude to process at their refineries.

And while Hamm is supporting oil - related sanctions on Venezuela, U.S. refiners and Republican Senators from Gulf Coast states are actively lobbying against potential bans.

This causes it to trade at a discount to world oil prices, giving those refiners fatter margins and U.S. consumers a bit of relief at the pump.

U.S. refiners, which source heavy crude from Canada, have also benefited from cheaper oil from the region.

Refiners in the U.S. Midwest, Ontario, Alberta, B. and Washington get their raw material from the Western Sedimentary Basin, production from which is growing thanks to the Alberta oilsands, the Bakken field in Saskatchewan and North Dakota and oil shales in the Rocky Mountain states.

Marathon Petroleum announced it is buying oil refiner Andeavor for $ 23.3 billion, creating the largest oil refiner in the U.S. and one of the top five in the world.

The oil futures editor of the service noted that «U.S. inventory data will reflect post-Hurricane Harvey adjustments for another few weeks, at a minimum, as Gulf Coast refiners, terminals and ports continue the process of returning to normal.»

Marathon Petroleum agreed to buy rival Andeavor for $ 23.3 billion in the biggest - ever deal for an oil refiner that would create the largest independent fuel maker in the U.S. Bloomberg Intelligence's Fernando Valle talks with Bloomberg's Alix Steel about the historic deal.

The U.S. sale from the reserve was expected at some point but the timing of the purchase shows that refiners need supply now because even with the increase in supplies this week, oil supply are below the average range for this time of year.

While we are seeing great increases in U.S. shale oil production, the truth is that many U.S. refiners have lighter condensate than they need for heavy crude to ramp up.

The commercial case for the Keystone XL project, which would allow Gulf Coast refiners to access oil from lower - priced, landlocked markets such as Alberta, therefore, would potentially allow the U.S. to reduce their dependence on foreign oil — albeit by a small amount.

Last week's strange diesel exports are more likely an anomaly than a trend: As the U.S. continues to ramp up output of light, sweet, Texas oil, refiners» ability to pump out diesel will be threatened, and the U.S. will soon face a shortfall, Fitch's BMI Research analysts said Wednesday in a note.

CALGARY, Alberta (Reuters)- TransCanada Corp on Thursday said it would move ahead with Canada's largest - ever pipeline, expanding the scale of its $ 12 billion plan to ship oil sands crude in the West to refiners on its east coast and beyond as its U.S. - bound Keystone XL line stalls in Washington.

Valero Energy (VLO) is the leading oil refiner in the U.S..

In Verlegger's testimony, he says «Over the last six months, U.S. refiners liquidated as much as 50 million barrels of crude oil stocks.

Clear winners are the gulf coast refiners based in the U.S. Oil from the Canadian oil sands currently trade at a discount to oil along the Gulf Coast and WOil from the Canadian oil sands currently trade at a discount to oil along the Gulf Coast and Woil sands currently trade at a discount to oil along the Gulf Coast and Woil along the Gulf Coast and WTI.

And they warn that investing billions of dollars in oil transportation will lock the U.S. into continued dependency on an increasingly heavy type of imported crude that will drive up emissions both from the foreign producer and the domestic refiner.

The pipeline would link Alberta's oil sands region and U.S. refiners.