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Phillips 66 Independent Board Director pens letter to shareholders regarding dispute with Elliott Investment Management

Phillips 66's Independent Board Director Bob Pease has written a letter to the company's shareholders regarding the dispute with Elliott Investment Management.

Cenovus refinery in Ohio (U.S.) plans to shut multiple units for six weeks of work

Cenovus will begin planned maintenance work on multiple units at its 160,000-bpd refinery in Toledo, Ohio (U.S.) in mid-April.

Motiva Texas refinery (U.S.) preparing second attempt to restart FCCU

Motiva Enterprises is preparing a second attempt to restart the gasoline-producing fluidic catalytic cracker-3 (FCC-3) at its 626,000-bpd Port Arthur, Texas refinery.

U.S. weighs funding cuts to four of seven hydrogen hubs

The U.S. Department of Energy is weighing funding cuts to four of seven hydrogen hubs that were selected under a $7 billion federal program.

China's Rongsheng Petchem opens Canada office, buys crude from Suncor

China's Rongsheng Petrochemical, China's largest independent refiner with capacity of 40 MMtpy or 800,000 bpd, has opened an office in Canada to buy Canadian crude and made its first purchase from local producer Suncor Energy.

Trump administration (U.S.) tells oil and biofuels groups to hash out new biofuel policy

U.S. President Donald Trump's administration has asked oil and biofuels producers to hash out a deal on the next phase of the nation's biofuels policy to avoid the kind of political clashes that marked his first term.

U.S. biodiesel use increases outside of the transportation sector

A small but increasing amount of biodiesel in the U.S. is consumed in the residential, commercial, and electric power sectors, according to new estimates now published in the U.S. EIA's State Energy Data System.

U.S. crude stocks, gasoline and distillate inventories fall

U.S. crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration (EIA) said on Wednesday.

Portugal's Galp confident it will find alternative gasoline markets if U.S. tariffs bite

Portuguese oil company Galp Energia's gasoline exports to the United States could be curtailed if U.S. President Donald Trump imposes tariffs on European goods, but the company is confident it can find alternative destinations.

U.S. jet fuel imports surge as Nigeria's Dangote refinery pushes barrels west

U.S. jet fuel imports are set to hit a 2-yr high in March after Nigeria's Dangote refinery pushed barrels to North America, which should lower prices of the aviation fuel in the peak summer travel season.

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