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Otherwise, when refineries close, gasoline demand would have to be met by gasoline imports, mostly by ship, from Asia. “People freak out about the environmental impacts of crude oil shipments ...
For more than 100 years, the Wilmington and Carson oil refineries have pumped out millions of barrels of gasoline, filling the thirsty cars of Southern California's freeway-driving motorists.
As oil production increased, the oil shale refiners discovered that their refining process worked just as well with petroleum, and that petroleum was a cheaper raw material than shale oil. In 1861, the existing oil shale refiners switched to petroleum feedstock, and the oil shale mines shut down.
The oil in the Lac-Mégantic rail cars came from the Bakken Formation in North Dakota, an area that would be served by the Keystone expansion. [182] Increased oil production in North Dakota has exceeded pipeline capacity since 2010, leading to increasing volumes of crude oil being shipped by truck or rail to refineries. [183]
An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liquefied petroleum gas and petroleum naphtha.
Governor Gavin Newsom said Thursday he will compel California oil refineries to stockpile additional fuel reserves in an effort to ward off price spikes, marking the latest move in his multi-year ...
On October 5, 2020, the sale to Irving Oil collapsed and it was announced that the Come By Chance refinery would close permanently. [5] In November 2021, the U.S. private equity group Cresta Fund Management purchased a controlling stake of the idling refinery and announced plans to convert the plant to a biofuel operation. As part of the ...
Moscow's most troubled oil refining plants could shut down as soon as early next year, one source told Reuters. Russian oil-refining businesses are at risk of plant closures amid heavy losses ...