A federal court judge in Wyoming issued a preliminary injunction that will keep the US Bureau of Land Management from enforcing its hydraulic fracturing rule until legal challenges against it are resolved. Source: News
PBF Energy inks deal for California refinery, logistics assets
PBF Holding Co. LLC, a subsidiary of PBF Energy Inc., Parsippany, NJ, has entered an agreement to buy ExxonMobil Corp.’s 155,000-b/d refinery in Torrance, Calif., which has been shuttered since early this year following an explosion and ensuing fire that struck the plant in February. Source: News
MARKET WATCH: NYMEX oil prices drop slightly on higher inventory
Light, sweet crude oil prices declined slightly to settle at just above $45/bbl lower on the New York market Sept. 30 after weekly inventory statistics showed a build in US oil and product inventories. Source: News