Millions of barrels of oil refinery capacity might permanently close across the global energy complex after being lost when demand crashed during the coronavirus pandemic, US refiners said on Friday.
Executives at Phillips 66 and PBF Energy, told investors some refining capacity currently...
Chevron Corporation reported on Friday a net loss of $8.3 billion for the second quarter on the back of impairment charges due to lower commodity price outlook and write-off its Venezuela operations due to the US sanctions.
Chevron’s $8.3-billion net loss for Q2 compares with earnings of $4.3...