Edition:
United Kingdom

Laila Kearney

Philadelphia Energy Solutions files for bankruptcy after refinery fire

22 Jul 2019

NEW YORK/PHILADELPHIA Philadelphia Energy Solutions filed for Chapter 11 bankruptcy protection, the company said on Monday, its second such filing in less than two years, after a fire last month prompted it to close the largest refinery on the U.S. East Coast.

PES refinery expected to shut remaining units as crude dwindles: sources

17 Jul 2019

NEW YORK/PHILADELPHIA/LONDON The Philadelphia Energy Solutions refinery, the oldest and largest on the U.S. East Coast, is expected to shut its remaining units on Monday as the plant uses up the last of its crude supplies, sources said on Wednesday.

UPDATE 2-PES refinery expected to shut remaining units as crude dwindles -sources

17 Jul 2019

NEW YORK/PHILADELPHIA/LONDON, July 17 The Philadelphia Energy Solutions refinery, the oldest and largest on the U.S. East Coast, is expected to shut its remaining units on Monday as the plant uses up the last of its crude supplies, sources said on Wednesday.

Oil prices down on dwindling storm impact, Chinese economic data

15 Jul 2019

NEW YORK Oil prices sank about 1% on Monday on signs that the impact of a tropical storm on U.S. Gulf Coast production and refining would be short-lived, while Chinese economic data dimmed the crude demand outlook.

Oil flat as tropical storm limits output, glut forecasts weigh

12 Jul 2019

NEW YORK Oil prices were little changed on Friday as U.S. Gulf of Mexico crude output dropped by more than half from disruptions caused by a tropical storm, but concerns over a global crude surplus in the months ahead limited gains.

Pennsylvania governor opposes tax dollars for refinery restart

10 Jul 2019

PHILADELPHIA Pennsylvania Governor Tom Wolf does not support using public funds to help save the Philadelphia Energy Solutions refinery complex from permanent closure after a massive fire last month, the governor's spokesman said on Wednesday.

UPDATE 2-Pennsylvania governor opposes tax dollars for refinery restart

10 Jul 2019

PHILADELPHIA, July 10 Pennsylvania Governor Tom Wolf does not support using public funds to help save the Philadelphia Energy Solutions refinery complex from permanent closure after a massive fire last month, the governor's spokesman said on Wednesday.

Oil prices jump 4.5% on U.S. crude stocks draw, Gulf of Mexico storm

10 Jul 2019

NEW YORK Oil prices rose 4.5% a barrel on Wednesday to their highest level in more than a month after U.S. crude inventories shrank and as major producers cut nearly a third of offshore Gulf of Mexico production ahead of an expected storm.

Oil prices rise on Iran tensions, OPEC output cuts

05 Jul 2019

NEW YORK Oil futures rose on Friday as tensions over Iran and an extension to output cuts by OPEC and its allies boosted prices, but mixed economic data limited the rally.

World News