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US stocks head mostly lower to start new month; Exxon Mobil, Chevron rise along with oil

2015-10-01 17:31:32| Oil & Gas - Topix.net

U.S. stocks started a new month lower a day after the market wrapped up its worst quarter in four years. Exxon Mobil, Chevron and other oil producers bucked the trend early Thursday, following crude oil higher.

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Exxon Mobil to sell troubled Southern California refinery

2015-10-01 00:00:39| Oil & Gas - Topix.net

The oil giant and PBF Energy Inc. announced Wednesday that the sale of the Torrance plant is expected to close next year. The shutdown led to a shortage of gasoline that meets California's stricter pollution regulations and led to higher prices at the pump for drivers in the Golden State.

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Exxon Mobil to sell troubled Southern California refinery

2015-10-01 00:00:38| Oil & Gas - Topix.net

Exxon Mobil Corp. is selling its troubled Southern California refinery for $537 million to a New Jersey energy company more than six months after an explosion crippled the plant and led to higher gas prices in the Golden State, according to an announcement Wednesday. PBF Energy Inc., one of the largest independent oil refiners in North America, said it will purchase the Torrance plant that can produce 155,000 barrels of oil a day.

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