Latest Oil and gas refining News

Grassley says EPA 'screwed' farmers with biofuels exemptions

Aug. 16, 2019 2:34 PM EDT

JOHNSTON, Iowa (AP) — Sen. Charles Grassley says farmers were "screwed" by the Trump administration's decision to allow some refineries to not blend ethanol with gasoline as required under federal law. During a taping of Iowa Public Television's "Iowa Press" program Friday, Grassley was asked his thoughts...

Volume of natural gas flaring hits record in North Dakota

Aug. 16, 2019 9:42 AM EDT

BISMARCK, N.D. (AP) — Regulators say the volume of natural gas flared in June reached an unprecedented level due to shutdowns of several natural gas processing facilities and pipelines The Bismarck Tribune reports that the amount of natural gas burned off as a byproduct of oil production during June jumped...

UN probing 35 North Korean cyberattacks in 17 countries

Aug. 12, 2019 8:53 PM EDT

UNITED NATIONS (AP) — U.N. experts say they are investigating at least 35 instances in 17 countries of North Koreans using cyberattacks to illegally raise money for weapons of mass destruction programs — and they are calling for sanctions against ships providing gasoline and diesel to the country....

Saudi Aramco readies for IPO with deal with India's Reliance

Aug. 12, 2019 9:49 AM EDT

NEW DELHI (AP) — Oil giant Saudi Aramco is set to buy 20% of Indian conglomerate Reliance Industries' oil and chemicals business for about $15 billion, in a deal that gives it further heft and diversity ahead of a long-awaited IPO. For India, the preliminary agreement amounts to one of the country's...

Average US price of gas down 6 cents per gallon to $2.74

Aug. 11, 2019 1:17 PM EDT

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline has dropped 6 cents per gallon (3.8 liters) over the past two weeks to $2.74. Industry analyst Trilby Lundberg of the Lundberg Survey says Sunday that increased refinery production and lower crude oil costs contributed to the...

Workers neutralize toxic chemical at refinery blast site

Aug. 9, 2019 4:05 PM EDT

PHILADELPHIA (AP) — Workers have started to neutralize a highly toxic chemical on the site of a massive Philadelphia refinery that's been shut down since explosions and a blaze earlier this summer. Philadelphia Fire Commissioner Adam Thiel says workers are at the Philadelphia Energy Solutions site around...

Opponents of refinery location take case to Supreme Court

Aug. 8, 2019 3:08 PM EDT

BISMARCK, N.D. (AP) — Two environmental groups who say North Dakota regulators should have intervened in the location of an oil refinery near the state's top tourist attraction, Theodore Roosevelt National Park, are taking their case to the state Supreme Court. The Public Service Commission last year...

UN report: North Korea cyber experts raised up to $2 billion

Aug. 5, 2019 9:37 PM EDT

UNITED NATIONS (AP) — A panel monitoring U.N. sanctions says North Korean cyber experts have illegally raised money for the country's weapons of mass destruction programs "with total proceeds to date estimated at up to $2 billion." The experts said in a new report to the Security Council that North Korea...

Shell says earnings decline amid lower oil prices

Aug. 1, 2019 5:36 AM EDT

LONDON (AP) — Anglo-Dutch energy giant Royal Dutch Shell says second-quarter earnings dropped 26% as lower oil and natural gas prices overshadowed an increase in production. Earnings based on the current cost of supplies and excluding one-time items — Shell's preferred measure — fell to $3.46...

Fire at Texas Exxon Mobil refinery slightly injures 37

Jul. 31, 2019 5:16 PM EDT

HOUSTON (AP) — An explosion and fire at an Exxon Mobil oil refinery in Texas on Wednesday left 37 people with minor injuries, in the latest of a series of petrochemical industry blazes this year in the Houston area. The fire began after an explosion at approximately 11:07 a.m. at an Exxon Mobil plant in...