Starting up new capacity at a refinery sometimes leads to shutdowns, but early reports of the severity of the mechanical failure at the huge Motiva refinery (RDS.A, RDS.B) indicate the breakdown might be especially burdensome, taking months to repair. Several refinery stocks rise: WNR +3.3%, VLO +1.7%, COP +0.4%, TSO +0.3%. [View news story]
MRO no longer has a refining business. Neither does COP.
Starting up new capacity at a refinery sometimes leads to shutdowns, but early reports of the severity of the mechanical failure at the huge Motiva refinery (RDS.A, RDS.B) indicate the breakdown might be especially burdensome, taking months to repair. Several refinery stocks rise: WNR +3.3%, VLO +1.7%, COP +0.4%, TSO +0.3%. [View news story]