In Louisiana, another refinery was wiped out by Hurricane Ida. Those that remain are running at 94% capacity. You can received notifications daily or weekly. Both have been shut down. LyondellBasell previously announced it will cease operations of the Houston Refinery no later than December 31, 2023. You can change your choices at any time by visiting your privacy controls. At a time when gas prices are at the highest level in history, hurting regular Americans, he points out that Big Oil companies are enjoying record profits. Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction. Reports on oil and energy, including refineries, markets and renewable fuels. The Biden administration has reportedly considered addressing the declining refining capacity, but has yet to act on the issue. Stay tuned. Thursday, May 12, 2022. if(window.innerWidth<=1023){var write_html='