- Two top U.S. refining executives are leaving LyondellBasell Industries (LYB -0.6%) as the company nears an agreement to sell its Houston refinery, Reuters reports.
- LYB reportedly has been seeking at least $1.5B for the 263K bbl/day refinery on the Houston Ship Channel, the company's only U.S. refinery; Reuters has reported that Valero Energy (VLO +0.2%), Cenvous Energy (CVE -1.1%) and Suncor Energy (SU -0.3%) have expressed interest, but Saudi Aramco says it has not bid on the refinery.
- Also, LYB reportedly is working to restore production at the refinery after a Sunday power outage knocked all units out of production; the plantwide power loss is the second this year, and follows a series of smaller outages since January.