The International Energy Agency this week revised its forecast for gasoline and jet fuel for the rest of the year. In seemingly unrelated news, Philips 66 said it is turns a San Francisco refinery in a biodiversity plant. In separate news, Shell said it will permanently shake up a refinery …
Read More »US refineries to record worst second-quarter results in a decade
(Reuters) – U.S. oil refineries are expected in the next few days to report the worst second-quarter results in a decade, with output exceeding demand, while pandemic-related closings have undermined trips by summer. FILE PHOTO: Valero Energy Corp. service station shown in El Cajon, California, USA, August 8, 2017. REUTERS …
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