Phillips 66 News

U.S. Refiners, Chemical Makers Pare Insurance Coverage as Accidents Boost Costs

U.S. refineries and petrochemical plants are cutting back on insurance because several years of severe accidents have driven up the cost of coverage, industry and insurance sources said. With less insurance coverage for physical damage and business interruption, energy companies …

U.S. Refiners in Path of Storm Barry to Keep Running

HOUSTON/NEW YORK — Most U.S. refiners whose plants are in the path of Tropical Storm Barry took steps on Friday to keep them running, even as forecasters warned that the second named storm of the season could become a hurricane …