Latest Oil and gas refining News

Russia, China block UN from saying NKorea violated sanctions

Jun. 19, 2019 12:14 AM EDT

UNITED NATIONS (AP) — Russia and China have blocked the U.N. Security Council committee monitoring sanctions against North Korea from declaring that Pyongyang breached the annual limit for importing refined petroleum products which are key for its economy, two U.N. diplomats said Tuesday. The diplomats...

Middle East attack jolts oil-import dependent Asia

Jun. 15, 2019 3:45 AM EDT

SEOUL, South Korea (AP) — The blasts detonated far from the bustling megacities of Asia, but the attack this week on two tankers in the strategic Strait of Hormuz hits at the heart of the region's oil import-dependent economies. While the violence only directly jolted two countries in the region —...

US and 25 nations accuse North Korea of violating sanctions

Jun. 12, 2019 7:25 PM EDT

UNITED NATIONS (AP) — The United States and 25 other countries are accusing North Korea of violating U.N. sanctions by importing far more than the annual limit of 500,000 barrels of refined petroleum products. A complaint seen Wednesday by The Associated Press asks the U.N. Security Council committee...

Plan for Delaware River pier linked to fracked gas gets OK

Jun. 12, 2019 6:26 PM EDT

PHILADELPHIA (AP) — A proposal to build a $96 million pier in New Jersey, potentially to load tankers with liquid fuels produced from Pennsylvania's vast Marcellus Shale natural gas reservoir, received the unanimous approval Wednesday of the Delaware River Basin Commission. The commission's approval came...

Dave & Buster's tumbles while Mattel and Exelon rise

Jun. 12, 2019 4:41 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday: Dave & Buster's Entertainment Inc., down $11.53 to $40 The chain restaurant and arcade operator reported disappointing first quarter results and cut its revenue forecast for the year. PBF Energy Inc., down $1.80 to $24.40...

Virginia city to divest budget funds from fossil fuels

Jun. 10, 2019 4:33 AM EDT

CHARLOTTESVILLE, Va. (AP) — Officials in Charlottesville, Virginia, have voted to divest the city's operating budget investments from any entity involved in the production of fossil fuels or weapons. WVIR-TV reports the City Council voted 4-1 last week to complete those divestments within the next 30 days....

As North Dakota oil soars, so does waste of natural gas

May. 27, 2019 11:21 AM EDT

BISMARCK, N.D. (AP) — North Dakota oil drillers are falling far short of the state's goals to limit the burning of excess natural gas at well heads, five years after the state adopted the rules to reduce the wasteful and environmentally harmful practice. The industry has spent billions of dollars on...

Bodies in submerged Missouri vehicle bring storm toll to 9

May. 24, 2019 11:27 PM EDT

OKLAHOMA CITY (AP) — The bodies of a man and a woman were discovered Friday in a submerged vehicle near the Mississippi River in Missouri, bringing the death toll to nine from storms that have ravaged the central U.S. this week and threaten major flooding through the holiday weekend. John Reinhardt, 20,...

Judge: No site permit needed for refinery near national park

May. 15, 2019 4:19 PM EDT

BISMARCK, N.D. (AP) — A North Dakota judge has ruled that regulators properly refrained from getting involved in a dispute over the location of an $800 million oil refinery planned near Theodore Roosevelt National Park, sparing developers from a potentially lengthy delay in construction. The Public Service...

North Dakota to sue Washington state over oil train standard

May. 10, 2019 1:50 PM EDT

BISMARCK, N.D. (AP) — North Dakota is preparing to sue Washington state over a new Washington law requiring oil shipped by rail through that state to have more of its volatile gases removed, which supporters say would reduce the risk of explosive and potentially deadly derailments. North Dakota officials...