Commodities & Energy

Reuters first to report Royal Dutch Shell seeking buyer for Anacortes, Washington refinery

Reuters first to report Royal Dutch Shell seeking buyer for Anacortes, Washington refinery

Reuters broke the news that Royal Dutch Shell Plc is looking to sell its oil refinery in Anacortes, Washington. If completed, this and other asset sales currently underway would reduce Shell’s North American refining operations to large plants on the U.S. Gulf Coast. The Netherlands-based oil and gas major has committed to selling more than $5 billion of assets per year in 2019 and 2020, as it tries to use its global scale to build a power business as the world moves toward cleaner energy.