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U.S. Refining Giant Valero to Shut California Refinery

OilPrice

Valero Energy plans to idle, restructure, or cease refining operations at its Benicia Refinery in California by the end of April 2026, as one of the biggest U.S. The impairment was recorded for the Benicia and Wilmington refineries and is expected to be treated as a special item and excluded from the

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One in Five Refineries Faces Shutdown Despite Rising Fuel Demand

OilPrice

Refineries are switching to biofuels or shutting down due to hostile regulationsbut demand for oil products is growing. A total of 101 out of 410 refineries around the world are at risk of getting shut down over the next decade, Wood Mackenzie analysts estimated recently, noting that this number represented 21% of global refining capacity.

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Scotland’s Sole Oil Refinery Shuts Down for Good

OilPrice

The only refinery in Scotland has stopped processing crude oil after 100 years of operation, as planned by its owners who announced the decision in the autumn of 2024.

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Ukraine Hits Major Russian Refinery In Massive Drone Attack

OilPrice

Ukrainian forces hit and damaged the Moscow Oil Refinery and a Druzhba oil pipeline facility in Oryol Oblast in a fierce overnight drone attack on Monday, the General Staff of Ukraine's Armed Forces has reported. According to the General

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Nigeria’s Mega Refinery Halts Petroleum Sales in Naira

OilPrice

Nigerias Dangote Petroleum Refinery has suspended sales of petroleum in the country after it stopped receiving naira-denominated crude cargoes from the state-owned Nigerian National Petroleum Company (NNPC). In a statement on Wednesday, Dangote Petroleum Refinery said it has temporarily halted the sale of petroleum products in naira..to

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Motiva Restarts Unit at Port Arthur Refinery after Lengthy Overhaul

OilPrice

Motiva Enterprises has finally restarted a gasoline-producing unit at its huge Port Arthur refinery in Texas, following several attempts at a restart in recent weeks after an overhaul. The refinerys FCC, which typically converts gas oil into unfinished gasoline, has a capacity of 81,000

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Mexico’s New Refinery Ships First Cargo of Ultra-Low Sulfur Diesel

OilPrice

Mexicos new refinery, Olmeca, exported in early April the first cargo of ultra-low sulfur diesel (ULSD) as the refinery is slowly starting up processing of fuels, a source with knowledge of Olmecas operations has told Reuters. Olmeca processed unfinished high-sulfur diesel received from the Madero refinery, the source told Reuters.

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