Houston Ship Channel reopens after oil spill
The prospect that at least some vessels soon may resume travel through the Houston Ship Channel eased worries that an oil spill Saturday will threaten productivity from area refineries.
View ArticleFortune Global 500 list heavy on oil
Wal-Mart took the No. 1 spot on Fortune's Gobal 500 ranking of the world's largest companies based on revenue, but the top of the list was sloshing with oil.
View ArticleValero earnings up on increased volumes
The crude oil that Valero made into fuels averaged 2.7 million barrels a day, an increase of 115,000 barrels a day compared with the second quarter of 2013.
View ArticleRefining boosts Valero to a record first quarter
The results handily beat analysts’ estimates that the San Antonio-based refiner would earn $1.72 a share.
View ArticleFeds’ plan to boost biofuel targets draws fire from all sides
In trying to balance the competing interests of oil companies and biofuel producers, the Environmental Protection Agency's proposed renewable fuel quotas for 2014, 2015 and 2016 have pleased almost no...
View ArticleEnterprise Products Partners evacuates three offshore platforms; other...
Oil companies and refiners are keeping a close eye on a tropical disturbance in the Gulf of Mexico, but the storm hasn't shut down operations or triggered evacuations of essential personnel.
View ArticleAs it doubles profits, Valero eyes more ways to grow
Valero more than doubled its profits in the second quarter as it ran its refineries at full throttle to soak up cheap oil and crank out higher priced gasoline and other refined products.
View ArticleGreen presses for safeguards in oil exports bill
Green already secured one change to the oil exports legislation, but he insists more safeguards are needed to ensure refining jobs aren't hurt by unfettered crude trade.
View ArticleValero opposes lifting oil export ban while sending crude to Canada
Energy companies eager to sell raw, unprocessed U.S. crude around the world point to Valero's posture as evidence that current export restrictions are fundamentally unfair, giving refiners access to...
View ArticleValero Energy’s profit jumps 30 percent
Valero, the nation’s largest refiner, attributed the higher net income mostly to higher margins in its refining segment and healthy demand.
View ArticleGasoline expected to dip below $2 nationwide for Thanksgiving
Gasoline costs also could continue to come down through December, according to GasBuddy, which noted that prices don't always spike during busy driving weeks.
View ArticleOil exports prompt splitter decisions in Corpus Christi
The lifting of a decades-old ban on crude oil exports primes Corpus Christi to become a key oil hub in the coming years, but it also dampens interest in expensive projects to export condensate, an...
View ArticleValero raises dividend
U.S. refiners have fared better than other parts of the energy industry during the downturn, as cheaper crude prices have boosted their margins
View ArticleValero beats expectations with $862 million in fourth quarter earnings
San Antonio-based Valero Energy Corp. reported a 9.5 percent drop in fourth quarter earnings that strongly outperformed what analysts were expecting from nation’s largest independent oil refiner.
View ArticleValero misses on earnings
SAN ANTONIO — Valero Energy’s first-quarter adjusted profit missed analysts’ estimates, as the oil refiner contended with lower product margins. Shares fell more than 2 percent before the market open...
View ArticleSaudis in the hunt for LyondellBasell refinery, experts say
The Saudi national oil company is making a bid to significantly expand its operations in the United States at a critical moment in the always uneasy relations between the United States and Saudi...
View ArticleMexico seeks to export Maya crude to West Coast
Mexico is targeting U.S. West Coast refineries to boost sales of its flagship Maya crude amid a global oil glut. While Mexico has been a regular supplier of Maya oil to U.S. Gulf Coast refineries, it...
View ArticleValero’s profit falls by more than half in third quarter
By Rye Druzin, San Antonio Express-News Valero Energy Corp.’s third quarter earnings slid 56 percent, but still beat analysts’ projections as oil prices started to stabilize. Valero Chief Executive...
View ArticleRefiners export gasoline as glut continues
The U.S. has more gasoline than it knows what to do with. Exports have risen above imports for three consecutive weeks as recurring pipeline outages and higher production levels by refiners caused Gulf...
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