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SUGAR LAND, Texas, Oct. 30, 2023 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced net income of $353 million, or $3.51 per diluted
Higher-than-usual refinery utilization rates are key contributors to the drop in gasoline prices as refiners have operated at near capacity since the September-October maintenance season
Service. the refineries currently available to the u.s. right now are generally running at 90% utilization. you will hear that term referred to, utilization rates at refineries, which means most refineries in america are pumping close to or refining as much as they can. unless you have more refineries out there it is hard to put more fuel out there. with regard to the issue president biden brings up, the refinery mother-in-laws are getting wider and wider. but it is not because necessarily that refiners are physically taking oil and then selling them for a higher price. many of the profitabili...
The IC3 Convention Center will be used as temporary treatment monitoring and isolation facility starting this month.
Economies around the world have reopened on the one hand, but on the other hand there's been a lack of investment in the oil patch in order to get more oil out of the ground. >> that lack of investment and finding new oil has meant that in the past year, there has been the smallest amount of new oil discoveries than at any time in the past 75 years. 4.7 billion barrels of new oil. that compares to 12.5 billion the year before and as we've said, the smallest amount since 1946. also means that gas and oil pipelines are somewhat underused. utilization rates now at about 50%, that means about half...