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Exxon Restarts Illinois Refinery | OilPrice.com

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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.

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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.

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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

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Illinois

The Illinois State Fair Kicks Off Today – 1340 WJOL

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The Illinois State Fair Kicks Off Today – 1340 WJOL


The 2024 Illinois State Fair kicks off today in Springfield. Performers include Shaboozey, Lil Wayne, Keith Urban, Motley Crue, the Jonas Brothers, the Smashing Pumpkins and Miranda Lambert. Officials unveiled the treasured Butter Cow yesterday in the Dairy Building on the Fairgrounds. The fair runs through August 18th.



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Hinsdale baseball team competes to play in Little League World Series

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Hinsdale baseball team competes to play in Little League World Series


HINSDALE, Ill. (WLS) — The Hinsdale Little League team is just one win away from advancing to the Little League World Series.

A watch party is being held in Hinsdale as fans cheer on the hometown team.

ABC7 Chicago is now streaming 24/7. Click here to watch

Hinsdale Little League is representing the state of Illinois. The 12-U team has been playing in the Little League Great Lakes regional tournament with the hopes to represent the region in the World Series.

Just days ago, the team has a comeback win in a nail-biter of a game against Kentucky.

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Wednesday, they are up against Indiana in the regional championship in Whitestown, Indiana.

The Hinsdale community right is rallying behind their little hometown athletes. At Fuller House, every TV was set to the game and people there were excited to cheer on the team.

One parent who is in Indiana for the game spoke to ABC7 on the phone. She said win or lose, this has been an exciting journey so far, which is hopefully not over yet.

Copyright © 2024 WLS-TV. All Rights Reserved.



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Illinois governor calls for resignation of sheriff whose deputy fatally shot Black woman in her home

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Illinois governor calls for resignation of sheriff whose deputy fatally shot Black woman in her home


SPRINGFIELD, Ill. (AP) — Illinois Gov. J.B. Pritzker called Wednesday for the resignation of the sheriff whose deputy fatally wounded Sonya Massey in her home last month after the Black woman called 911 for help.

Pritzker, a Democrat, said Republican Jack Campbell should step down because “the sheriff has failed.”

Sean Grayson, 30, faces three counts of first-degree murder, aggravated battery with a firearm and official misconduct in the July 6 shooting death of Massey, 36. Campbell, who hired Grayson for the Sangamon County Sheriff’s Department in May 2023, reiterated his intent Wednesday to stay in the job.

“He has failed to explain how he ended up hiring this deputy sheriff who has been fired from other departments,” Pritzker said of Campbell at an event in Chicago. “He failed to put forward reforms that clearly need to be made, training and other reforms and still has failed to meet with the Massey family.”

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There is no evidence Grayson was fired from any previous job. And Pritzker did not elaborate on what “training and other reforms” Campbell should have implemented since the killing.

Grayson has come under scrutiny because — prior to becoming a law enforcement officer — he was kicked out of the Army a decade ago for the first of two drunken driving arrests within a year. His law enforcement career included six jobs in four years, during which he received some reviews that indicated he needed more training and had one disciplinary problem.

Grayson was fired on July 17 for violating use-of-force standards by shooting Massey rather than taking non-lethal action when he felt threatened by a pan of hot water she was holding, according to authorities.

The sheriff signaled Wednesday that he would stay on the job.

“I was overwhelmingly elected to lead the sheriff’s office through both good times and bad,” Campbell said in a statement. “I am fully prepared to continue leading my office and serving the residents of Sangamon County through this difficult period, ensuring we learn from this tragedy and work toward a better future.”

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Pritzker, who with Lt. Gov. Juliana Stratton met with Massey’s family two weeks ago, faulted Campbell for not sitting down with family members.

“At a minimum, listen to them, hear them, and then hopefully, take action,” Pritzker said.

Campbell said he has requested meetings with the family four times through family-designated intermediaries, but none has been accepted. He said he would still like to meet.

He also said he is willing to modify hiring practices but because Sangamon County follows statewide standards, necessary changes should be made statewide.

The sheriff’s office “continues to grieve for Sonya Massey and her family,” Campbell said. “While our grief cannot compare to the pain of the family, our office is trying to heal from within — all employees of the sheriff’s office feel betrayed by one of their own.”

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Associated Press writer Sophia Tareen contributed from Chicago.



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