Post Tagged with: "Philadelphia"

Source: Citgo

Venezuela Faces the Loss of Citgo – and Desperately Needed Dollars

From The Houston Chronicle


Venezuela could lose its largest U.S. asset after a court allowed a Canadian gold miner to seize shares of Citgo Petroleum Corp.’s parent to satisfy an arbitration award.

A U.S. appeals court ruled on Monday that …

Source: XOM

Philadelphia Refinery Closing Reverses Two Years of U.S. Capacity Gains

From Reuters


The planned closing of an oil refinery in Philadelphia damaged by a massive fire last month will reverse nearly two years of capacity gains at U.S. refineries, according to a Reuters analysis of government data.

Philadelphia Energy Solutions …

Summer Drive Season More Costly as East Coast Refinery Burns

Summer Drive Season More Costly as East Coast Refinery Burns

From Bloomberg


Blaze contained at PES facility, major New York supplier, refinery is largest such complex in U.S. East Coast region

Gasoline futures jumped the most in three months after an explosion and fire at the Philadelphia Energy Solutions oil …