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...Refineries in Lake Charles owned by Phillips 66 and Citgo Petroleum were halted, as were others in Texas owned by Motiva Enterprises, ExxonMobil, Valero Energy, Total and Chevron, S&P said....
...The affected refineries included North America’s largest, Motiva Enterprises’ 630,000 b/d plant at Port Arthur, as well as Citgo’s 425,000 b/d refinery at Lake Charles, S&P said....
...Since 2016, we estimate the Kingfisher P&L has had an £81m transactional benefit from weaker sterling. FX could become a headwind once trade talks are agreed (or not)....
...Payments included $984m owed by PDVSA on a bond due in 2020 that is secured by 51 per cent of the shares in Citgo, Venezuela’s US refining and distribution subsidiary....
...The immediate effects of the storm have been to knock out more than 3m barrels per day of oil refining capacity, or 16 per cent of the US total, according to S&P Global Platts....
...About 153,000 barrels per day of offshore production was shut down on Friday, down from 430,000 b/d at the height of the storm a week ago, according to S&P Global Platts....
...Still, it has put Citgo, the country’s US refining operations, up for sale – some say to raise money, as it may be worth between $7bn and $9bn by some estimates, others to avoid the prospects of an embargo...
...The hits to the p&l from loan provisions and PPI are ending, and there is the prospect of a return to dividends, perhaps as soon as next year....
...The deal will add 266,000 barrels a day to Tesoro’s existing refining capacity of 665,000 barrels a day....
...pipeline, which — it is hoped — will finally sort out Cushing’s little landlocked problem: CALGARY, ALBERTA and HOUSTON, TEXAS–(Marketwire – Nov. 16, 2011) – Enbridge Inc. and Enterprise Products Partners L.P...
...British American Tobacco (BAT.L) Balfour Beatty (BALF.L) Bunzl (BNZL.L) Cable & Wireless (CW.L) Compass Group (CPG.L) Diageo (DGE.L) Lloyds TSB (LLOY.L) Reed Elsevier (REL.L) Scottish & Southern...
...In late morning trade T&L’s shares had recovered from early heavier losses and were trading down 1.7 per cent at 468 ¾p...
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