Mumbai, July 10 -- The US Energy Information Administration or EIA stated yesterday that California is set to lose 17% of its oil refinery capacity over the next 12 months because of two planned refinery closures. If realized, the closure of the facilities is likely to contribute to increases in fuel price volatility on the West Coast. Phillips 66 announced plans last October to close its 139,000-barrel-per-day (b/d) Wilmington refinery in the Los Angeles area later this year. Valero submitted a notice in April to end refining operations at its 145,000-b/d Benicia refinery in the Bay Area by the end of April 2026. The refinery closures continue a trend of decreasing refinery capacity on the West Coast, following the end of petroleum refinin...