Big Crude Oil Margins Should Boost US Refiner Earnings
U.S. refiners ran full-tilt in the second quarter, fueled by cheap domestic crude and fat margins that should boost earnings, though their heavy activity could eventually saturate the market with gasoline…
HollyFrontier Posts Q1 Profit
U.S. independent refiner HollyFrontier Corp posted a quarterly profit on Wednesday, compared to a year-ago loss, as its refining margins rose. Net income attributable to company shareholders was $268.1 million…
U.S. Refinery Workers Push Biofuels Reform
A delegation of workers from U.S. oil refining companies that oppose the nation's biofuels policy will converge on Washington on Wednesday to try to convince lawmakers to…
HollyFrontier Profit Surges in Q3
HollyFrontier Corp's profit more than tripled in the third quarter, making it the latest oil refiner to benefit from high refining margins in the aftermath of hurricanes that swept through the U.S.
HollyFrontier's Profit Tops Estimates
U.S. oil refiner HollyFrontier Corp on Wednesday reported a quarterly profit that handily beat analysts' estimates, helped by higher production and refinery margins. HollyFrontier…
HollyFrontier's Q1 Financials Disappoint
U.S. refiner HollyFrontier Corp reported a bigger-than-expected quarterly loss, hurt by a 61 percent rise in operating costs. However, sales and other revenue at the Dallas…
HollyFrontier to buy Suncor's Petro-Canada Lubricants Unit
U.S. oil refiner HollyFrontier Corp said on Monday it would buy Suncor Energy Inc's Petro-Canada lubricants unit for C$1.13 billion ($844 million), expanding its North American lubricants business.
Delta's Philly Refinery at 110 pct, Margins Swell
Delta Air Lines Inc is running its Philadelphia area oil refinery at a near-record 110 percent of capacity, according to a person familiar with operations, a sign of the surprisingly strong summer profits U.S.
PBF's Delaware Cat Cracker Down for a Month
A key gasoline-making unit at PBF Energy Inc's 182,200-barrel-per-day (bpd) Delaware City, Delaware, refinery is expected to be shut for at least a month - and possibly…
HollyFrontier Profit Doubles on Higher Margins
U.S. refiner HollyFrontier Corp's quarterly profit more than doubled, helped by a rise in refining margins due to lower crude prices. Net income attributable to the company's…
HollyFrontier delays Tulsa FCC revamp
HollyFrontier Corp said in a presentation this week on its web site that it expects to finish a revamp of a gasoline-making fluid catalytic cracking unit (FCCU) at its 125…
Western Refining Beats Street on Refining Margins
Western Refining Inc reported a better-than-expected adjusted quarterly profit on Thursday as lower crude oil prices helped improve refining margins. Growing output from…
Shell 'Optimistic' on U.S. Refinery Contract Talks
Lead industry negotiator Royal Dutch Shell Plc said on Thursday it was "optimistic" a new three-year agreement could be reached with a union representing hourly workers at 63 U.S.
Vens Cancels Citgo Auction
Venezuela has taken U.S. refining unit Citgo Petroleum Corp off the auction block and it will now seek to raise $2.5 billion in the debt market to provide funding for the cash-strapped country…
HollyFrontier's Profit Disappoints, Costs Up
U.S. refiner HollyFrontier Corp reported a lower-than-expected profit for the first time in four quarters, hurt by higher operating expenses. The company said operating…
Venezuela Taps Lazard to Sell Citgo Petroleum
Venezuelan state oil company PDVSA is working with investment bank Lazard Ltd to sell its North American unit, Citgo Petroleum Corp, according to people familiar with the situation.
HollyFrontier's Profit Falls, Margins Slide
U.S. refiner HollyFrontier Corp reported a fall in profit for the second quarter as its refining margins slumped 28 percent after a runup in U.S. crude oil prices. HollyFrontier…
