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...In July, Citgo, the US refining subsidiary of PDVSA, Venezuela’s state oil group, issued $650m in new debt with seemingly strong covenants to protect bondholders....
...The new directors proposed by Hess include John Krenicki, the former head of GE’s energy business, and Mark Williams, former head of refining and marketing for Shell....
...Many railways point to their customers’ behaviour – including the order in June by Phillips 66, the refining and chemicals group, for 2,000 rail tank cars to transport shale oil – as evidence of a long-term...
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