(Reuters) -Phillips 66 reported a bigger-than-expected loss for the first quarter on Friday, hurt by lower refining margins amid heavy turnaround activities across the U.S. refining sector. U.S.

The refining market remains in recovery following what is likely to be the trough in refined product demand in the second quarter. Demand has begun to recover, although the future pace is in question ...

Japanese oil refiner Eneos Holdings Inc. is considering the spinoff of its metals unit, JX Nippon Mining & Metals Corp., as the company increases its focus on renewable energy, according to a Nikkei ...

NEW YORK, Jan 29 (Reuters) - Valero ‌Energy said on Thursday it ‌bought Venezuelan crude oil from three authorized sellers and expects the grade to make up a large part of its refineries' heavy oil ...

A more upbeat outlook for the oil market could lead to upside for Valero Energy shares, according to Goldman Sachs. The firm upgraded the refiner to buy from neutral and hiked its price target to $154 ...

Oil refining stocks posted record-high profits in 2022, thanks to the wide margin between the cost of crude oil and refined products. Despite a decline in crude oil prices since the summer of 2022, ...