Time has come to overhaul RINs, Cruz tells Philadelphia refinery workers

US Sen. Ted Cruz called for a cap on the price of renewable identification numbers to halt speculation and preserve jobs at refineries. “We’re here because the jobs, and the men and women whose livelihoods and families depend on those jobs, are at risk from a broken government regulation system that isn’t working, and that […]


Looney to succeed Eckart as Murphy Oil CFO

David R. Looney has been named executive vice-president and chief financial officer of Murphy Oil Corp., El Dorado, Ark. He also will serve as a member of the board.  Source: News


Parnell, others promoted at Parsley Energy

Larry Parnell has been promoted to senior vice-president—development operations, at Parsley Energy Inc., Austin and Midland. He was vice-president—engineering.  Source: News


EIA: US crude inventories down 1.6 million bbl

US crude oil inventories, excluding the Strategic Petroleum Reserve, decreased 1.6 million bbl for the week ended Feb. 16 from the previous week, the US Energy Information Administration said. Source: News