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Chevron's Refinery in Los Angeles Catches Fire; Unclear if There Are Casualties
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Chevron (CVX.US) has experienced a fire at one of its refineries located in Los Angeles, California, USA. It remains unclear if there are any injuries. This refinery is one of the largest production refineries on the West Coast, processing over 276,000 barrels of crude oil daily and capable of storing more than 12 million barrels of oil products. Although oil prices have hiked following the fire, concerns about oversupply have prompted a decline of over 6% in oil prices so far this week, foreign media reported. AASTOCKS Financial News Website: www.aastocks.com |
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