News

Lynas Rare Earths Seeks US Aid for Texas Refinery as Costs Surge
Australia’s Lynas Rare Earths Ltd. is in talks with the Trump administration to counter rising costs for the refinery it’s ...
US refiner Phillips 66 posts bigger-than-expected quarterly loss as margins bite
Phillips 66 reported a bigger-than-expected loss for the first quarter on Friday, hurt by lower refining margins amid heavy ...
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California could lose another major oil refinery
Oil giant Valero announced this week it may shutter its refinery in Benicia. The company sent a notice to the California ...
US oil refiners' Q1 profits likely fell despite stronger margins
Investors are expecting top U.S. refiners to report quarterly losses, even as their margins improve, as they brace for the ...
KTVU FOX 2 on MSN12d
This major Bay Area refinery may close by next year
BENICIA, Calif. - The Valero Benicia Refinery is considering closing its operations by April 2026, according to a press ...
Valero may close Benicia refinery by next year, citing CA regulations and high costs
In a statement to ABC7 News, Valero confirmed that it: "submitted notice to the California Energy Commission of its current intent to idle, restructure, or cease refining operations at Valero's ...