Fire results in reduced rates at HollyFrontier’s Wood Cross refinery

Independent refinery HollyFrontier Corp. said subsidiary HollyFrontier Woods Cross Refining LLC’s 45,000-b/sd Woods Cross refinery in West Bountiful, Utah, just north of Salt Lake City, is operating at reduced rates following a mid-March fire at the plant’s crude distillation unit.   Source: News


MARKET WATCH: Brent crude oil breaks above $70/bbl

The Brent crude oil benchmark climbed more than $1.50 to close above $70/bbl Mar. 23, marking the front-month’s highest level since late January while the US light, sweet crude oil benchmark for May also climbed more than $1.50 to approach $65.90/bbl. Source: News


India extends open-acreage bid round

India’s Directorate General of Hydrocarbons has extended into May 2 the bidding under its open acreage licensing program, which opened Jan. 18. The Ministry of Petroleum and Natural Gas unit gave no reason for the extension.  Source: News