Other looming issues include:
Shell Canada's plans for a heavy-oil refinery near Sarnia that could produce 150,000 to 200,000 barrels per day of gasoline, diesel and jet fuel.
News and information on Shell Plc
Other looming issues include:
Shell Canada's plans for a heavy-oil refinery near Sarnia that could produce 150,000 to 200,000 barrels per day of gasoline, diesel and jet fuel.
Exxon Mobil Corp., purveyor of one of the most recognizable gasoline brands in the world, is getting out of the domestic retail gasoline business.
Bowing to pressure from Congress, the Energy Department said Friday that it would temporarily suspend a program to fill the nations strategic oil stocks. But the move, which some analysts and politicians had hoped would help break the rally in oil prices, failed to sway the market. Crude oil prices hit another record Friday.
SINGAPORE, May 9 (Reuters) - Royal Dutch Shell (RDSa.L: Quote, Profile, Research) will shut its second-largest crude distillation unit (CDU) and two secondary units at its Singapore refinery in June for routine maintenance lasting up to 30 days, refining sources said on Friday.
A growing number of oil-market watchers say voters riled by soaring fuel costs may face far worse this summer, as factors ranging from unrest in Nigeria to slumping production in Russia could shove benchmark oil prices over $150 a barrel.
A weekend attack in Nigeria, Africa's biggest oil producer, forced Royal Dutch Shell Plc to reduce output, the Associated Press reported May 3, citing the company. The Movement for the Emancipation of the Niger Delta, or MEND, claimed responsibility for the assault.