Edition:
United Kingdom

Laura Sanicola

Coronavirus hits demand for oil, energy

13 Feb 2020

A fast-spreading coronavirus in China has sent shockwaves through global energy markets, prompting OPEC and allied producers to consider deepening crude supply curbs as Asia's largest oil refiner has slashed over a tenth of its output.

FACTBOX-Coronavirus hits demand for oil, energy

13 Feb 2020

Feb 13 A fast-spreading coronavirus in China has sent shockwaves through global energy markets, prompting OPEC and allied producers to consider deepening crude supply curbs as Asia's largest oil refiner has slashed over a tenth of its output.

U.S. refiners, chemical makers pare insurance coverage as accidents boost costs

30 Jan 2020

U.S. refineries and petrochemical plants are cutting back on insurance because several years of severe accidents have driven up the cost of coverage, industry and insurance sources said.

U.S. refiners, chemical makers pare insurance coverage as accidents boost costs

30 Jan 2020

U.S. refineries and petrochemical plants are cutting back on insurance because several years of severe accidents have driven up the cost of coverage, industry and insurance sources said.

U.S. refiners, chemical makers pare insurance coverage as accidents boost costs

30 Jan 2020

Jan 30 U.S. refineries and petrochemical plants are cutting back on insurance because several years of severe accidents have driven up the cost of coverage, industry and insurance sources said.

Marathon profit plunges on $1.2 billion pipeline unit writedown

29 Jan 2020

Marathon Petroleum Corp's quarterly profit halved as the U.S. refiner was forced to write down $1.2 billion goodwill in its pipeline and transportation business that has failed to perform since Marathon acquired it two years ago.

U.S. refinery sales hit the brakes, with 5% of capacity on block

10 Jan 2020

NEW YORK From coast to coast, U.S. refineries are available for the taking, but nobody is buying.

U.S. refinery sales hit the brakes, with 5% of capacity on block

10 Jan 2020

NEW YORK, Jan 10 From coast to coast, U.S. refineries are available for the taking, but nobody is buying.

Exclusive: Royal Dutch Shell seeking buyer for Anacortes, Washington refinery - sources

09 Jan 2020

NEW YORK Royal Dutch Shell Plc is looking to sell its oil refinery in Anacortes, Washington, according to three people familiar with the matter.

Bankrupt Philadelphia refinery expects second insurance payment

13 Dec 2019

Insurers of Philadelphia Energy Solutions (PES) have indicated they will make a second payment of $15 million from its property policy in connection to the June fire and subsequent shutdown of the plant, court documents showed.

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