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Oil & Gas

Exxon Mobil’s Beaumont Refinery Flares Gases

March 02, 2011
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Bloomberg reports that Exxon Mobil Corp., the largest U.S. oil company, flared gases at its refinery in Beaumont, Texas, according to a message left on a community hot line. Outages can increase prices for refined products as refiners turn to spot markets to help them meet supply contracts. Operational disruptions can also depress prices for crude oil because less feedstock is needed. The plant can process 359,100 barrels of crude a day, according to data compiled by Bloomberg.

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