Saturday, May 16, 2026
Fire at Chevron’s El Segundo Refinery threatens California fuel supply- oil and gas 360

Fire at Chevron’s El Segundo Refinery threatens California fuel supply

(Oil Price)– On the evening of October 2, a massive fire broke out at Chevron’s El Segundo refinery just southwest of Los Angeles. The blaze was visible across the South Bay and drew a large emergency response, but it was ultimately contained without injuries. While the fire was limited to a single process unit, the facility’s importance to California’s fuel supply means the incident

Oil prices head for weekly loss as market awaits November supply news- oil and gas 360

Oil prices head for weekly loss as market awaits November supply news

(Investing.com)– Oil prices were stable on Friday but were still headed for a weekly loss of about 7-8% after news of potential increases to OPEC+ supply. Brent crude futures were up 29 cents, or 0.5%, at $64.40 a barrel by 1311 GMT. U.S. West Texas Intermediate crude was up 27 cents, or 0.5%, at $60.75. For the week, Brent was trading