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Downstream news

Crude oil sold from US SPR

The EIA reports that as much as 15 million bbl of crude oil has been sold from the US Strategic Petroleum Reserve (SPR).

 

ExxonMobil to sell Billings refinery

ExxonMobil and its affiliates have reached an agreement with Par Pacific Holdings for the sale of the Billings refinery and select midstream assets.

 
 
 
 
 
 
 

BP to acquire Archaea Energy Inc.

BP has agreed to acquire Archaea Energy Inc., a leading producer of renewable natural gas (RNG) in the US.