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Saudi Aramco buys $ 15 billion refinery from Reliance, Ambani

Saudi Aramco has agreed to acquire $ 75 billion in Reliance Industries' 20% owned refining and petrochemicals business Mukesh Ambani, the largest shareholder, gives the Saudi Arabian company a stake in the largest Refinery of the world. Reliance will buy 500,000 barrels of crude a day from Saudi Aramco as part of the deal. Markets Insider for more articles. Saudi …

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Gasoline prices rise as the largest refinery on the East Coast closes the store

RBOB gasoline futures jumped overnight, accelerating their recent rise since the blast and massive inferno at the Philadelphia Energy Solutions (PES) plant, after Reuters reported that the largest refinery on the East Coast is expected to try their hand Oil refinery shut down permanently in the city after a massive fire had damaged the complex significantly. The closure of the …

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Massive Explosion at the Philadelphia Gas Refinery: Reports

A massive fireball illuminated the night sky in South Philadelphia early Friday, which was apparently an explosion at a local gas refinery. Early reports indicated the location as 31st Street and Passyunk Avenue, not far from the city's sports complex. Philadelphia officials confirmed that the early morning fire started in the 150-year-old Philadelphia Energy Solutions Refining Complex. Coming Soon After …

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Conoco has confiscated Venezuela PDVSA products from Isla refinery: Curacao

(Reuters) – US oil company ConocoPhillips ( COP.N ) confiscated products from the Venezuelan state-owned oil company PDVSA [PDVSA.UL] from the Isla Refinery operating on Curacao, an island official told Reuters Sunday. A general view shows the Isla refinery in Willemstad on the island of Curacao, April 22, 2018. REUTERS / Andres Martinez Casares Conoco has received court rulings that …

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Marathon will buy $ 23 billion Andeavor Top US refinery

(Reuters) – Marathon Petroleum Corp. ( MPC.N ) has agreed to rival Andeavor ( ANDV.N ) for more than $ 23 billion in the largest ever-closed relationship between US oil refineries, giving the combined company a nationwide presence and improving access to growing export markets. FILE PHOTO: Marathon Petroleum Corp. refinery is shown after Hurricane Ike hit Texas City, Texas, …

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Marathon will buy $ 23 billion Andeavor Top US refinery

(Reuters) – Marathon Petroleum Corp. ( MPC.N ) has agreed to rival Andeavor ( ANDV.N ) for more than $ 23 billion in the largest ever-closed relationship between US refineries, giving the combined company a nationwide presence and better access to growing export markets. FILE PHOTO: US President Donald Trump comments on his proposed changes to tax legislation at a …

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Marathon to buy Andeavor in $ 23.3 billion oil refinery deal

Marathon Petroleum Corp. Agree to Rival Oil Refineries Buy Andeavor for $ 23.3 Billion, in a deal that could create the largest independent fuel producer in the US The supply, payable in cash or shares, estimates Andeavor at around 152, The companies said $ 27 per share on Monday. That's a premium of 24 percent over the closing price on …

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