financetom
Business
financetom
/
Business
/
Phillips 66's Bayway refinery's gasoline unit at reduced rates after fire
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Phillips 66's Bayway refinery's gasoline unit at reduced rates after fire
Aug 14, 2025 8:39 AM

NEW YORK (Reuters) -Phillips 66 has reduced gasoline output at its 258,000 barrel-per-day Bayway refinery in Linden, New Jersey after a fire near the plant's gasoline producing unit, two people familiar with the matter said on Thursday.

An ancillary piece of equipment of the refinery's Fluid Catalytic Cracking unit caught fire and led to the production outage, the sources said. The cause of the fire was not immediately clear.

The refinery is expected to resolve the issue over the coming days and return to full production, one of the sources said.

Phillips 66 did not immediately respond to a request for comment.

Bayway produces around 155,000 barrels per day of gasoline and is one of the largest suppliers of fuel on the U.S. East Coast. The refinery was partially shut last month after rainstorms caused a power outage at the plant, resulting in a brief spike in prices for refined products at the New York Harbor as Phillips 66 made up for the outages by buying fuel on the open market.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
UnitedHealth Surges 11% As Michael Burry's Options Play, Warren Buffett's New Stake Signal Bold Rebound Bet
UnitedHealth Surges 11% As Michael Burry's Options Play, Warren Buffett's New Stake Signal Bold Rebound Bet
Aug 14, 2025
UnitedHealth Group Inc. ( UNH ) is trending after the stock surged 10.69% in after-hours trading on Thursday following disclosure that legendary investors Michael Burry and Warren Buffett have taken significant positions in the healthcare giant. Check out the current price of UNH stock here.  Burry’s Bold Contrarian Play “Big Short” investor Burry disclosed call contracts against 350,000 shares of UnitedHealth...
Accenture to buy Australian firm CyberCX in its largest-ever cyber deal
Accenture to buy Australian firm CyberCX in its largest-ever cyber deal
Aug 14, 2025
Aug 14 (Reuters) - Accenture ( ACN ) said on Thursday it will buy Australian cybersecurity firm CyberCX in its largest-ever deal in the sector, with the Australian Financial Review valuing the transaction at more than A$1 billion ($650 million). Private equity firm BGH Capital is selling CyberCX. However, financial terms have not been disclosed. Neither Accenture ( ACN )...
Accenture acquires Australian cybersecurity firm CyberCX in its largest cyber deal
Accenture acquires Australian cybersecurity firm CyberCX in its largest cyber deal
Aug 14, 2025
Aug 14 (Reuters) - Accenture ( ACN ) said on Thursday it has agreed to acquire CyberCX, an Australian privately-held cybersecurity services provider, in its largest acquisition in the sector to expand services in the Asia-Pacific region. Terms of the transaction were not disclosed. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved