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- Will falling refining capacity slow the decline of oil margins?
- Yet, the EIA expects falling refining capacity in America to slow the decline of U.S. refining margins. U.S. refining capacity is set to drop by 3% this year, the EIA says, with LyondellBasell’s Houston oil refinery closing, and the Los Angeles refinery of Phillips 66 scheduled for closure by the end of 2025. By Charles Kennedy for Oilprice.com
- Why is Phillip 66 closing a Los Angeles refinery?
- Whether intended or not, timing of Phillip 66’s announcement of the proposed Los Angeles refinery closure follows California Gov. Gavin Newsom’s Oct. 14 signing of legislation aimed at making the state’s oil refiners manage California’s gasoline supplies more responsibly to prevent price spikes at the pump.
- Will US refining capacity drop 3% this year?
- U.S. refining capacity is set to drop by 3% this year, the EIA says, with LyondellBasell’s Houston oil refinery closing, and the Los Angeles refinery of Phillips 66 scheduled for closure by the end of 2025. By Charles Kennedy for Oilprice.com Charles is a writer for Oilprice.com That email address is already in the database.
- Is California considering oil refinery takeovers?
- Is California government considering oil refinery takeovers?
- Yes, it is The Phillips 66 refinery in Wilmington is due to close by year’s end. California policymakers are considering state ownership of one or more oil refineries to ensure a reliable supply of gasoline as the number of refineries in the state declines.
- What are California's major oil refiners doing now?
- The drop in demand is causing fundamental strategic shifts among the state’s major oil refiners: Chevron, Marathon, Phillips 66, PBF Energy and Valero. Already, two California refineries have ceased producing gasoline to make biodiesel fuel for use in heavy-duty trucks, a cleaner-fuel alternative that enjoys rich state subsidies.
- What is the world crude oil refining industry report?
- This report is a complete source of information on the world crude oil refining industry. It provides country-level refinery information relating to existing and planned (new build) refineries such as insights and forecasts of refinery capacities, refinery complexity factor and comparison against peer group countries in the respective region.
