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NEWS ABOUT: oil refineries

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US Becoming Net Fuel Exporter

More going out than coming in for first time since 1949

(Newser) - This is going to be the first year since 1949 in which America exports more fuel than it imports, thanks to sagging demand at home and booming economies elsewhere. The US still imports around 9 million barrels of crude oil every day, but soaring exports of refined petroleum products are... More »

Libyan Rebels Take Crucial Port City Near Tripoli

They now control Zawiyah and its oil refinery

(Newser) - This one sounds like a serious blow to Moammar Gadhafi: Rebels have taken control of the port city of Zawiyah and its all-important oil refinery, report the New York Times and Reuters . The rebels routed Gadhafi's troops last night, evident by the uniforms seen scattered about today by deserting... More »

Gunmen Attack Iraq's Largest Oil Refinery

One guard killed as protests continue

(AP) - Gunmen attacked Iraq's largest oil refinery before dawn today, killing a guard and detonating bombs that sparked a fire and forced the facility to halt operations, officials said. The attack on Beiji began at about 3:30am. Assailants carrying pistols fitted with silencers attacked guards and planted bombs near some... More »

Top Polluters Got Waivers, Cash for Stimulus Projects

BP, DuPont escape environmental rules

(Newser) - The White House has handed wads of stimulus cash to the biggest US polluters and given them "sweeping exemptions from the most basic form of environmental oversight," finds a Center for Public Integrity investigation. Coal burners like Westar Energy and chemical maker DuPont have been among the beneficiaries... More »

BP to Pay Record $50M Fine Over 2005 Explosion

Blast killed 15 at Texas refinery

(AP) - Beleaguered oil giant BP has agreed to pay a record $50.6 million fine for failing to correct safety hazards at its Texas City oil refinery after a 2005 explosion killed 15 workers. The Occupational Safety and Health Administration said it is still working to collect another $30 million from... More »

3 Dead, 4 Injured in Refinery Fire

Midnight explosion rocks plant in Washington state

(AP) - An explosion and fire at a Washington state oil refinery shook homes and shot flames into the night sky early today, killing three people and critically injuring four others. The fire struck the Tesoro Corp. refinery in Anacortes, about 70 miles north of Seattle, at about 12:30am. The blaze... More »

Wandering Manatee Safe in Fla.

'Ilya' had gotten as far as CT, rescued near refinery in NJ

(Newser) - Ilya, a 10-foot, 1,100-pound manatee spotted in Connecticut waters 2 weeks ago, is safely recuperating at a Florida aquarium before being released back into the wild. Ilya was rescued 2 days ago wallowing in the warm discharge of a New Jersey oil refinery, but neither that nor his... More »

Oil Prices Plunge, Gas Not So Much

Refineries slashed production after demand for gas dipped

(Newser) - Gas is pumping toward $2 per gallon—a 22% increase since Dec. 30—even though oil prices have dipped 16% over the same period. What gives? When penny-pinched Americans cut back on fuel last fall, oil refineries were slow to ease production. Now they're overcompensating with production cuts to recover... More »

Refineries Shut as Omar Nears Virgin Islands

Hurricane could threaten Puerto Rico as Category 2

(Newser) - Caribbean oil refineries are under threat from Hurricane Omar, whose 85-mph winds roared through St. Croix today, Bloomberg reports. It could hit the Virgin Islands, home to one of the hemisphere's largest refineries, as a Category 2 storm tomorrow. Puerto Rico may be in line for 20 inches of rain... More »

Southeastern Gas Shortage Wreaks Havoc

Lines reach 60 cars after hurricanes disrupt supplies

(Newser) - Gas is in short supply throughout the Southeast this week after oil production was hit hard by hurricanes Gustav and Ike, the Washington Post reports. Some didn’t make it to work as gas station lines grew to 60 cars long; half the stations in Atlanta were closed. “I... More »

Long Lines Await Ike Survivors

'Eye of the aftermath' proves trying for Texas residents in need

(Newser) - With a short supply of commodities like ice and gasoline forcing Texans trying to recover from Hurricane Ike to wait in hours-long lines, President Bush warned today the storm may put "upward pressure" on US fuel prices. Refineries and oil rigs sustained extensive, though not severe, damage, the Houston ... More »

Rescuers Struggle to Reach Ike Survivors

4 dead, 140,000 need help

(Newser) - Hurricane Ike has weakened to a tropical depression over Arkansas, but rescuers are struggling to reach survivors in the furious storm's path of destruction in Texas, reports CNN. Some 140,000 who stayed home despite evacuation orders are now dealing with massive flooding, wrecked homes and power outages. Nearly 1,... More »

Ike Boosts Gas Prices Up to $5

Prices jump 5 cents nationwide as Gulf shuts down nearly 100% oil production

(Newser) - Gas prices have shot up an average of 5 cents nationwide in the wake of Hurricane Ike, which has shut down almost 100% of oil and natural gas production in the Gulf Coast region. Gas prices in the Gulf area have risen as high as $5 per gallon, and an... More »

Ike Hits Fuel Production, May Cause Shortages

Experts warn of shortage for 'extended period'

(Newser) - Hurricane Ike’s assault on the Gulf Coast has closed over 19% of US refinery capacity and may hurt delivery nationwide, Bloomberg reports. At least 13 Texas refineries have shut down operations, which may trigger a gasoline shortage in the southern and eastern US—and it may last a while,... More »

Oil Down Sharply as Gustav Weakens

With crude at $111 a barrel, analysts surprised at market's tame reaction to threat

(AP) - Oil prices tumbled to $111 a barrel today as Hurricane Gustav weakened along the Gulf Coast, posing less of a threat than forecast to oil drilling and refining operations. A stronger dollar also contributed to the average retail gas price being down slightly at $3.686 a gallon, the AP... More »

Gustav Could Reverse Welcome Oil Trend

Hurricane, now Category 3, projected to slam into oil platforms, refineries

(Newser) - Hurricane Gustav is on path to smash into the Gulf Coast's oil-production infrastructure, which could reverse the recent downward trend in gas prices, the San Francisco Chronicle reports. More than a quarter of oil produced in the US comes from the Gulf of Mexico, and producers have already begun evacuating... More »

Gas Use Hits Record Low, Prices Still Sky High

Increasing supply fails to dent price

(Newser) - Soaring gas prices are changing Americans driving habits, cutting consumption to the lowest levels in five years, reports the Wall Street Journal. Gas consumption dropped by 3.3% to 9.3 million barrels a day compared with last year's Fourth of July holiday. Some 62% of Americans are changing summer... More »

Storm Warning: Hurricanes May Drive Gas to $6

Disruptive Atlantic season could upset already dicey market

(Newser) - This year’s hurricane season—which started yesterday—could spawn a dozen or more named storms, potentially disrupting flow of gasoline across the nation and pushing gas prices beyond $5 or even $6 a gallon, reports CNNMoney. Traders already appear to be including a hurricane premium of 10 cents per... More »

Exxon Profits Shoot Up 17%, But Still Miss Target

Rise smallest of the big three oil companies

(Newser) - Exxon Mobil’s profits jumped 17% in the first quarter, but still fell short of expectations, Bloomberg reports. Exxon’s number, which was held back by drops in productions and refinery profit margins, looks shabby compared to the world’s other two largest oil companies, which posted 25% and 63%... More »

BP Strike Shuts Down Top UK Oil Refinery

London urges drivers not to hoard gas as prices rise

(Newser) - Britain is facing an oil pinch after workers walked off a Scottish oil refinery today over pension issues, the AP reports. The 48-hour BP strike will halt 700,000 barrels of UK oil a day, nearly one-third of its North Sea supply. But 10 Downing St. is urging drivers not... More »

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