Latest Oil and gas refining News

A woman walks past a closed souvenir shop in central capital Nicosia, Cyprus, Wednesday, June 3, 2020. Health Minister Constantinos Ioannou said the third phase of the country's gradual rollback of restrictions will be completed by June 24 instead of July 14. (AP Photo/Petros Karadjias)

Cyprus study shows big pollutant drop during lockdown

Jun. 4, 2020 12:56 PM EDT

NICOSIA, Cyprus (AP) — Researchers in Cyprus offered more evidence on Thursday that a two-month lockdown benefited the Mediterranean island nation’s environment. Preliminary results showed significantly reduced levels of carbon monoxide and nitrogen oxides along a normally busy street and in a...

FILE - In this March 4, 2020 file  photo, opposition leader Juan Guaido listens during a legislative session being held at a religious, private school in Caracas, Venezuela, an alternative location due to the government continuously blocking their access to National Assembly chambers. Guaidó said Monday, May 11, 2020 that two U.S.-based political advisers have resigned following a failed incursion into Venezuela aimed at capturing President Nicolás Maduro. (AP Photo/Ariana Cubillos, File)

Citgo sues Miami firm over millions lost in Venezuela fraud

May. 26, 2020 8:16 PM EDT

MIAMI (AP) — When the U.S. recognized Venezuelan opposition leader Juan Guaidó as the nation's rightful leader last year it did more than just trigger a bitter feud with socialist leader Nicolás Maduro. Increasingly, it's also unleashing a torrent of lawsuits. The latest came Tuesday, when the...

A view of the vessel the Clavel sailing on international waters crossing the Gibraltar stretch on Wednesday, May 20, 2020. Five Iranian tankers likely carrying at least $45.5 million worth of gasoline and similar products are now sailing to Venezuela, part of a wider deal between the two U.S.-sanctioned nations amid heightened tensions between Tehran and Washington. (AP Photo/Marcos Moreno)

1st Iranian ship reaches Venezuela with no sign of US threat

May. 23, 2020 9:24 PM EDT

CARACAS, Venezuela (AP) — The first of five tankers loaded with gasoline sent from Iran reached Venezuelan waters late Saturday, expected to temporarily ease the South American nation’s fuel crunch while defying Trump administration sanctions targeting the two U.S. foes. The oil tanker Fortune...

A view of the vessel the Clavel, right, sailing on international waters crossing the Gibraltar stretch on Wednesday, May 20, 2020. Five Iranian tankers likely carrying at least $45.5 million worth of gasoline and similar products are now sailing to Venezuela, part of a wider deal between the two U.S.-sanctioned nations amid heightened tensions between Tehran and Washington. (AP Photo/Marcos Moreno)

Venezuela to escort Iranian tankers bringing needed fuel

May. 20, 2020 7:24 PM EDT

CARACAS, Venezuela (AP) — Venezuela’s defense minister said Wednesday that planes and ships from the nation's armed forces will escort Iranian tankers arriving with fuel to the gasoline-starved country in case of any U.S. aggression. Defense Minister Vladimir Padrino López said Venezuela's...

FILE - In this April 30, 2017 file photo, released by an official website of the office of the Iranian Presidency, Iranian President Hassan Rouhani, center, inaugurates the Persian Gulf Star Refinery in Bandar Abbas, Iran. Five Iranian tankers likely carrying at least $45.5 million worth of gasoline and similar products are now sailing to Venezuela as of Sunday, May 17, 2020, part of a wider deal between the two U.S.-sanctioned nations amid heightened tensions between Tehran and Washington. Analysts say the gasoline they carry came from the Persian Gulf Star Refinery. (Iranian Presidency Office via AP, File)

5 Iran tankers sailing to Venezuela amid US pressure tactics

May. 17, 2020 2:26 PM EDT

DUBAI, United Arab Emirates (AP) — Five Iranian tankers likely carrying at least $45.5 million worth of gasoline and similar products are now sailing to Venezuela, part of a wider deal between the two U.S.-sanctioned nations amid heightened tensions between Tehran and Washington. The tankers' voyage came...

FILE - This Oct. 8, 2019, file photo the logo for Chevron appears above a trading post on the floor of the New York Stock Exchange.  Chevron turned a profit in the first quarter. But the company warned, Friday, May 1, 2020,  its financial picture is likely to be depressed in the future because of reduced demand caused by the coronavirus. (AP Photo/Richard Drew, File)

Chevron turns a profit but warns of pain ahead

May. 1, 2020 8:39 AM EDT

NEW YORK (AP) — Chevron turned a profit in the first quarter. But the company warned its financial picture is likely to be depressed in the future because of reduced demand caused by the coronavirus. The San Ramon, California-based oil producer brought in $3.6 billion in profits, up 36% from the same time...

People stand close to their vehicles as they wait in line to fill up their vehicles with gasoline in Caracas, Venezuela, Saturday, April 11, 2020. Lines at gas stations around the country's capital looked getting longer Saturday. (AP Photo/Matias Delacroix)

Shipping tycoon defends Venezuela gas delivery amid shortage

Apr. 29, 2020 7:22 PM EDT

CARACAS, Venezuela (AP) — A controversial shipping magnate supplying gasoline to his native Venezuela said he will do whatever it takes to prevent worsening fuel shortages from igniting a social explosion that he warns could be worse than anything caused by the coronavirus pandemic in the South American...

People stand close to their vehicles as they wait in line to fill up their vehicles with gasoline in Caracas, Venezuela, Saturday, April 11, 2020. Lines at gas stations around the country's capital looked getting longer Saturday. (AP Photo/Matias Delacroix)

Venezuela turns to Iran for a hand restarting its gas pumps

Apr. 23, 2020 10:46 PM EDT

CARACAS, Venezuela (AP) — As the Trump administration increases pressure on Venezuela's Nicolás Maduro, the socialist leader has turned to Iran for help jump starting an aging refinery to prevent the South American nation with the world's largest oil reserves from running out of gasoline, The...

Activist Hilton Kelley poses along the railroad tracks that divide East and West Port Arthur Monday, March 23, 2020, in Port Arthur, Texas.

'They're killing us,' Texas residents say of Trump rollbacks

Apr. 19, 2020 1:12 PM EDT

HOUSTON (AP) — Danielle Nelson’s best monitor for the emissions billowing out of the oil refineries and chemical plants surrounding her home: The heaving chest of her 9-year-old asthmatic son. On some nights, the boy's chest shudders as he fights for breath in his sleep. Nelson suspects the...

Activist Hilton Kelley talks about the neighborhood where he grew up Monday, March 23, 2020, in Port Arthur, Texas. Kelley says he started speaking out for Port Arthur's black community when he got fed up

'They're killing us,' Texas residents say of Trump rollbacks

Apr. 19, 2020 12:21 PM EDT

HOUSTON (AP) — Danielle Nelson’s best monitor for the emissions billowing out of the oil refineries and chemical plants surrounding her home: The heaving chest of her 9-year-old asthmatic son. On some nights, the boy’s chest shudders as he fights for breath in his sleep. Nelson suspects the...