Archive for the 'News' Category

Weekly Report for 1/25-1/29/10

I will start doing a weekly report on Fridays with the following information. ($USD) Indy, Indiana, Michigan, Ohio Chicago Spot Begin 1.9551 Chicago Spot End 1.8384 Chicago Spot Move DOWN -0.1167 ($USD) Indy Indiana Michigan Ohio Begin 2.4690 2.5490 2.6130 2.5520 End 2.5730 2.5810 2.6050 2.5150 Move UP 0.1040 UP 0.0320 DOWN -0.0080 DOWN -0.0370

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Marcus Hook refinery union ratifies contract (The News Journal)

United Steelworkers union members at Sunoco Inc.’s Marcus Hook refinery in Pennsylvania ratified a three-year contract, which includes wages and benefits from the national oil bargaining pattern, Lynne Baker, a union spokeswoman, said in an e-mail.

PetroChina, Venezuela to build refinery (Moldova.org)

PetroChina said it had received government permission to build a new refinery in southern China to process heavy crude oil from Venezuela.The joint PetroChina and Venezuelan project will result in a refinery that can process 200,000 barrels per day, El Universal reported Friday.General Manager Jiang Jiemin of PetroChina’s parent company China National Petroleum Corp., said PetroChina would own …

Mexico’s Penoles Declares Force Majeure On Refinery Strike (Nasdaq)

MEXICO CITY -(Dow Jones)- Mexican mining and metals concern Industrias Penoles SAB (PE&OLES.MX) said Friday it has declared force majeure on contractual commitments as a strike at its silver and lead refinery continues into its second month.

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