Latest Oil and gas refining News

Mexico launches new oil refinery, denies solar permits

Jul. 01, 2022 20:35 PM EDT

MEXICO CITY (AP) — The office of Mexican President Andrés Manuel López Obrador said Friday that the new Gulf coast oil refinery he ordered built is “a dream come true." López Obrador “inaugurated” the partially finished Olmeca oil refinery in Dos Bocas, a city in his home...

OPEC+ oil boost likely not much help to high gasoline prices

Jun. 30, 2022 10:22 AM EDT

NEW YORK (AP) — The OPEC oil cartel and allied producing nations decided Thursday to boost production of crude by an amount that will likely do little to relieve high gasoline prices at the pump and energy-fueled inflation plaguing the global economy. The increase of 648,000...

Higher fuel prices spark social unrest in South America

Jun. 28, 2022 20:10 PM EDT

BUENOS AIRES, Argentina (AP) — Police in Argentina blocked a major entry point to the capital’s center on Tuesday to keep a group of truckers from joining a downtown protest, adding traffic snarls in Buenos Aires to a series of disruptions caused by anger over rising prices and shortages of...

Oil price cap could strike Russia's war chest — if enforced

Jun. 27, 2022 11:55 AM EDT

GARMISCH-PARTENKIRCHEN, Germany (AP) — Leaders of the world’s biggest developed economies are weighing a cap on the price of Russian oil meant to strike at the main pillar of the Kremlin's finances following its invasion of Ukraine — and to limit the havoc that high energy prices are wreaking...

Oil industry says Granholm meeting sends 'positive signal'

Jun. 23, 2022 18:20 PM EDT

WASHINGTON (AP) — An oil industry meeting with Energy Secretary Jennifer Granholm to lower gas prices and boost domestic oil supplies was constructive, but did not produce a major breakthrough, administration and industry officials said Thursday. The closed-door meeting came as...

Biden calls for 3-month suspension of gas and diesel taxes

Jun. 22, 2022 18:04 PM EDT

WASHINGTON (AP) — President Joe Biden on Wednesday called on Congress to suspend federal gasoline and diesel taxes for three months — an election-year move meant to ease financial pressures that was greeted with doubts by many lawmakers. The Democratic president also called on...

Drone strike hits Russian refinery near Ukraine

Jun. 22, 2022 07:23 AM EDT

MOSCOW (AP) — A drone strike caused a fire at a refinery in southwestern Russia near the border with Ukraine on Wednesday, but no one was hurt and the blaze was contained quickly, officials said. The fire engulfed industrial equipment at the Novoshakhtinsk oil processing plant in...

Biden, Chevron chief trade sharp words over gas prices

Jun. 21, 2022 17:59 PM EDT

WASHINGTON (AP) — In a pointed back and forth, the head of Chevron complained Tuesday that President Joe Biden has vilified energy firms at a time when gasoline prices are at near record levels and the president responded that the oil company CEO was being “mildly sensitive.” ...

Kansas oil refinery to pay $1.6 million for clean air errors

Jun. 21, 2022 16:43 PM EDT

EL DORADO, Kan. (AP) — An oil refinery in El Dorado will pay a $1.6 million penalty for violations of the federal Clean Air Act, which resulted in a fire that killed an employee in 2017, the Environmental Protection Agency announced Tuesday. HollyFrontier El Dorado Refining oil...

Biden says decision on gas tax holiday may come this week

Jun. 20, 2022 17:57 PM EDT

REHOBOTH BEACH, Del. (AP) — President Joe Biden said Monday that he will decide by the end of the week whether he would support a federal gasoline tax holiday, possibly saving U.S. consumers as much as 18.4 cents a gallon. “Yes, I’m considering it,” Biden told reporters after...