Cenovus Refinery is preparing for some major work at the Lima refinery starting in early September. The refinery will begin bringing down units on September 3rd to do needed maintenance. During what is known as a "shutdown" or "turnaround," work will be done to make repairs and improvements to the equipment. During that time, the general public may notice additional flaring, different noises, and odors, which are all part of the process.

A former Findlay company is getting bought out in a multibillion-dollar deal. ConocoPhillips is buying Marathon Oil in a deal valued at $22.5 billion, which includes $5.4 billion in debt. Marathon Oil is based out of Houston, Texas, and split off from Marathon Petroleum in Findlay in 2011, making them two separate companies. Marathon Oil deals with oil exploration and production, while Marathon Petroleum refines, markets, and transports petroleum products for consumers. 

An agreement to increase oil production has not been reached because of a dispute between Saudi Arabia and the United Arab Emirates, which is putting a lot of uncertainty into the oil market. If they do not come to an agreement, gas prices could reach $4 a gallon. The proposal is to increase production by 400,000 barrels a day every month for the rest of 2021, which would stabilize prices.