Oil company Phillips 66 announced Wednesday that it plans to shut down a Los Angeles-area refinery by the end of 2025, citing ...

At noon ET, the most-active December Nymex West Texas Intermediate contract edged down 5cts to around $69.80/bbl, and front-month November WTI also dropped by the same amount to $70.35/bbl.

The factory accounts for about eight percent of California's refining capacity, while its closure will affect 900 jobs.

Phillips 66 announced plans to shut down its Los Angeles-area refinery in the fourth quarter of 2025, citing market ...

The energy giant denied that the move was connected with the recent signing of a new energy regulations bill in the state.

Phillips 66 announced Wednesday it will close its 650-acre oil refinery complex near the Port of Los Angeles by the fourth ...