Connect with us

Illinois

Exxon Restarts Illinois Refinery | OilPrice.com

Published

on

Exxon Restarts Illinois Refinery | OilPrice.com


Exxon has begun to restart some units at its refinery in Joliet, Illinois, after a three-week outage.

The 251,800-bpd facility was shut down in the middle of July following a power outage caused by a storm. The refinery produces about 9 million gallons daily of gasoline and diesel.

“Situations like this take time to recover as they will have to see if the sudden shutdown did damage to any of the units,” an unnamed source close to the company told Reuters at the time.

Advertisement

It later emerged that the power outage had affected 16 units at the refinery, including a vacuum distillation unit and a catalytic cracker unit.

The outage at the Joliet refinery deepened the discount of heavy crude from Canada to West Texas Intermediate  because the facility is a major consumer, but the news about its restart tightened the price difference in anticipation of a pickup in demand. As of the time of writing, the discount had narrowed from about $15 per barrel to some $13 per barrel.

Exxon earlier this month beat Wall Street estimates with the second-highest earnings for the second quarter in a decade as the acquisition of Pioneer Natural Resources fueled a record quarterly production and the highest oil production since the Exxon and Mobil merger.

The company reported last week that its second-quarter 2024 earnings came in at $9.2 billion, or $2.14 per share assuming dilution.

Advertisement

That was higher than the analyst estimate of $2.02 compiled by The Wall Street Journal.

The $60-billion Pioneer acquisition, which Exxon completed during the second quarter, contributed $500 million to earnings in the first two months post-closing with record production, and integration and synergy benefits are exceeding expectations, Exxon said.

The transaction handed Exxon access to over 1.4 million net acres in the Delaware and Midland basins in the Permian.

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com

Advertisement





Source link

Illinois

Person in custody after police chase semi through 4 Central Illinois counties

Published

on

Person in custody after police chase semi through 4 Central Illinois counties


TAZEWELL COUNTY (25News Now) – Authorities are reporting westbound I-74 between Bloomington and Peoria is open after police chased a semi-trailer in the area Saturday evening.

Woodford County Chief Deputy Sheriff Dennis Tipsword said the chase started on southbound I-55 in Livingston County, and it continued westbound on 74 in McLean, Woodford, and Tazewell counties towards Peoria.

Tipsword said police used spike strips to the stop the semi about three miles west of Goodfield.

One person is in custody, but it’s not known yet why police were chasing the semi.

Advertisement

Tipsword said westbound 74 is open, but he urged drivers to be cautious driving in the area.

25News has reached out to Illinois State Police for more details.

You can watch 25News – any newscast, anywhere – streaming LIVE on 25NewsNow.com, our 25News mobile app, and on our WEEK 25News SmartTV streaming app. Learn more about how you can get connected to 25News streaming live news here.



Source link

Advertisement
Continue Reading

Illinois

Illinois GOP governor primary debate: Submit your questions for candidates

Published

on

Illinois GOP governor primary debate: Submit your questions for candidates


Multiple Republican candidates are competing for the chance to take on Gov. JB Pritzker in this year’s gubernatorial election.

Former state lawmaker Darren Bailey, who lost to Pritzker in the 2022 general election, is the frontrunner for this year’s GOP primary as well. He and conservative entrepreneur and researcher Tom Dabrowski are slated to participate in a debate on Fox Chicago on Tuesday, Feb. 24, to discuss the major issues facing the state.

Advertisement

Darren Bailey and Tom Dabrowski are running in the Republican primary for Illinois governor. (Getty Images, Dabrowski campaign)

Election Day is March 17, but early voting begins this month across the state.

Illinois governor’s race: Who is running to challenge JB Pritzker?

Advertisement

How to watch the debate

The debate will air live on Feb. 24 at 6 p.m. and you can watch on Fox Chicago, Fox32Chicago.com, and on the FOX LOCAL app.

The debate will be moderated by Fox Chicago’s Political Editor Paris Schutz.

Advertisement

Viewers can have their voices heard and help shape the conversation by submitting questions to ask the candidates. Select questions may be answered live on air during the debate.

Submit your questions to Parisonpolitics@fox.com.

Advertisement
NewsElectionIllinois Politics



Source link

Continue Reading

Illinois

Man shot inside Springfield Mall, suspect in custody – WTOP News

Published

on

Man shot inside Springfield Mall, suspect in custody – WTOP News


A man was shot inside Springfield Mall in Springfield, Virginia, on Friday evening, and a suspect is in custody, according to police.

A man was shot inside Springfield Mall in Springfield, Virginia, Friday evening and a suspect is in custody, according to police.

The shooting happened around 5:30 p.m., Fairfax County police told WTOP. Responding officers found a man inside the mall who’d been shot in the upper body. He was taken to a local hospital with injuries police said were not life-threatening.

Police said they have recovered a gun and that a suspect is in custody.

Advertisement

The scene is secure and there is no ongoing threat to the public, police said.

This is a developing story and will be updated.

Get breaking news and daily headlines delivered to your email inbox by signing up here.

© 2026 WTOP. All Rights Reserved. This website is not intended for users located within the European Economic Area.

Advertisement



Source link

Continue Reading
Advertisement

Trending