Phillips 66 to complete Los Angeles refinery idling by end of 2025

Investing.comWednesday, October 1, 2025 at 4:36:51 PM
Phillips 66 to complete Los Angeles refinery idling by end of 2025
Phillips 66 has announced plans to complete the idling of its Los Angeles refinery by the end of 2025. This decision is significant as it reflects the company's strategic shift in response to changing market conditions and environmental regulations. The idling of the refinery may impact local employment and fuel supply, making it a topic of interest for both the community and industry stakeholders.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Nikki Sixx Net Worth 2025: Fortune, Music, and Life Beyond the Crüe
PositiveFinancial Markets
Nikki Sixx, the iconic bassist and co-founder of Mötley Crüe, is making headlines with his impressive net worth projected for 2025. Known for his contributions to rock music and his vibrant lifestyle, Sixx's financial success reflects not just his musical talent but also his ventures beyond the band. This matters because it highlights the enduring impact of rock legends in the music industry and how they continue to thrive financially, inspiring both fans and aspiring musicians alike.
Building a Portfolio with Bonds in 2025
PositiveFinancial Markets
As we look ahead to 2025, building a portfolio with bonds is becoming increasingly relevant for investors seeking stability and income. Bonds can offer a reliable source of returns, especially in uncertain economic times. This article highlights the importance of diversifying investments with bonds, providing insights on how to effectively incorporate them into your financial strategy. Understanding the bond market can empower investors to make informed decisions, ensuring their portfolios are well-positioned for future growth.
Needham reiterates Buy rating on Roku stock, calls it top pick for 2025
PositiveFinancial Markets
Needham has reaffirmed its Buy rating on Roku stock, highlighting it as a top pick for 2025. This endorsement is significant as it reflects confidence in Roku's growth potential and market position, which could attract more investors and boost the stock's performance in the coming years.
Nigerian Labor Union Agrees to End Dangote Oil Refinery Strike
PositiveFinancial Markets
In a significant development for Nigeria's oil sector, the main labor union has decided to end a strike that posed a risk to crude supplies at the Dangote oil refinery. This resolution comes after the company agreed to reassign workers who had been laid off, highlighting a commitment to workforce stability. The end of the strike is crucial as it ensures the continued operation of one of Africa's largest refineries, which plays a vital role in the country's economy and energy supply.
Netel says impairments, weaker markets to weigh on 2025 results
NegativeFinancial Markets
Netel has announced that impairments and weaker market conditions are expected to negatively impact its financial results for 2025. This news is significant as it highlights the challenges the company faces in a fluctuating economic environment, which could affect investor confidence and future growth prospects.
With The U.S. Government Shutting Down At Midnight, What Does It Mean For You?
NeutralFinancial Markets
As the U.S. government prepares to shut down at midnight on October 1, many are left wondering how this will impact their daily lives. While the immediate effects may vary, understanding the implications of a government shutdown is crucial for everyone. It could affect services, federal employees, and various programs, making it important to stay informed and prepared.
Option Care Health at Jefferies 2025: Strategic Growth and Market Adaptation
PositiveFinancial Markets
Option Care Health recently presented its strategic growth plans at the Jefferies 2025 conference, highlighting its adaptability in the evolving healthcare market. This is significant as it showcases the company's commitment to innovation and responsiveness to market demands, which could lead to improved patient care and increased market share.
Will Slugger Nick Kurtz And Other 2025 Rookies Stand Test Of Time?
NeutralFinancial Markets
Nick Kurtz has emerged as the standout player among the 242 rookies who debuted in Major League Baseball in 2025. As fans and analysts speculate about his future, the question remains whether he will maintain his impressive performance or follow the path of other rookie stars who have struggled to sustain their success. This discussion is significant as it highlights the unpredictability of rookie players and the challenges they face in adapting to the major leagues.
Why Gold Is Beating Bitcoin This Year
NeutralFinancial Markets
In 2025, gold is outperforming bitcoin, leading the market while the digital currency lags behind. This trend is noteworthy as it highlights the ongoing debate between traditional assets and cryptocurrencies. However, historical patterns indicate that bitcoin may still have the potential to recover and close the gap before the year ends, making it a topic worth following for investors.
agilon health at Jefferies 2025: Strategic Shift to Profitability
PositiveFinancial Markets
Agilon Health recently presented at the Jefferies 2025 conference, outlining a strategic shift aimed at enhancing profitability. This move is significant as it reflects the company's commitment to improving its financial health and operational efficiency, which could lead to better services for patients and stakeholders in the healthcare sector.
Kenya's economy grows 5% in second quarter of 2025
PositiveFinancial Markets
Kenya's economy has shown impressive growth, expanding by 5% in the second quarter of 2025. This positive trend is significant as it reflects the resilience and recovery of the nation’s economic landscape, especially in the wake of global challenges. Such growth can lead to increased investments, job creation, and improved living standards for Kenyans, making it a crucial development for the country's future.
Worldsec reports narrowed losses in first half of 2025
PositiveFinancial Markets
Worldsec has reported a significant reduction in losses for the first half of 2025, indicating a positive shift in its financial health. This improvement is crucial as it reflects the company's efforts to streamline operations and enhance profitability, which could boost investor confidence and attract new opportunities.
Latest from Financial Markets
Milei Government Sells Dollars Again as Peso Drops for Third Day
NegativeFinancial Markets
Argentina's government took action on Wednesday by selling dollars in the spot market to combat the ongoing decline of the peso, which has now dropped for three consecutive days. This move is significant as it highlights the challenges the government faces in stabilizing the currency and restoring confidence among investors and citizens alike.
SCOTUS Blocks Trump's Cook Ouster, WH Pulls Antoni BLS Nom
PositiveFinancial Markets
The US Supreme Court has decided to block President Donald Trump's attempt to oust Federal Reserve Governor Lisa Cook, allowing her to keep her position while her lawsuit proceeds. This is significant as it highlights the ongoing legal battles surrounding Trump's administration and the independence of the Federal Reserve. The court's decision to defer action on Trump's removal bid shows a commitment to due process, and it sets the stage for a crucial hearing in January that could impact the future of Cook's role and the Federal Reserve's governance.
Confident In New Products' Price Point: Peloton CEO Peter Stern
PositiveFinancial Markets
Peloton's CEO, Peter Stern, expressed confidence in the company's new pricing strategy during a recent interview on 'Bloomberg Markets.' With a significant overhaul of its hardware lineup and increased prices, Stern believes these changes will enhance the brand's appeal and market position. This is important as it reflects Peloton's commitment to innovation and adapting to consumer demands, potentially leading to improved sales and customer satisfaction.
Heaviest Users of Snapchat Will Face a Small Charge for Storage
NegativeFinancial Markets
Snapchat has announced that its heaviest users will soon face a small charge for additional storage, a move that has sparked concern among its user base. This change is significant as it could impact how users interact with the platform, especially those who rely on it for sharing large amounts of content. The decision reflects a growing trend among social media platforms to monetize services that were previously free, raising questions about the future of user engagement and satisfaction.
Trump says he and Xi to meet in four weeks, discuss soy
NeutralFinancial Markets
Former President Donald Trump announced that he will meet with Chinese President Xi Jinping in four weeks to discuss soy trade. This meeting is significant as it highlights ongoing trade relations between the U.S. and China, particularly in the agricultural sector, which has been a point of contention in past negotiations. The outcome could impact farmers and the broader economy.
Intel in early talks to add AMD as foundry customer, Semafor reports
PositiveFinancial Markets
Intel is reportedly in early discussions to bring AMD on board as a foundry customer, according to Semafor. This potential partnership could mark a significant shift in the semiconductor industry, as it would allow AMD to leverage Intel's manufacturing capabilities. Such a collaboration could enhance competition and innovation in the market, benefiting consumers and businesses alike.