Venezuela, Trump and oil
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Texas Commission on Environmetnal Quality hears complaints about Marathon Petroleum's El Paso oil refinery at meeting for air-permit renewal.
Gulf Coast refineries could soak up more heavy crude, though global competition looms and a reliable supply increase may be years away.
Oil Price US on MSN
Venezuelan Oil and the Limits of U.S. Refining Capacity
Venezuelan crude is attractive to complex U.S. refiners with coking capacity, but only a subset of Gulf and East Coast plants can fully process the heavy, high-sulfur oil.
Venezuela has the largest share of oil reserves in the world but hasn't been producing or refining it. See the charts.
Most of the state's 15 crude oil refineries were built specifically to process the heavy sour crude that comes from Venezuela and turn into products like diesel, fuel oil and asphalt.
The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. Will it mean lower prices at the pump?
The government will work to "maximise" the number of jobs saved when Lindsey Oil Refinery is taken over by a neighbouring business, the energy secretary has said. Phillips 66 agreed to buy the site on Monday, seven months on from the collapse of previous owner Prax Group, but said it would not restart refining operations.
The majority Russian-owned oil firm NIS has restarted a refinery in Serbia, resuming imports of crude oil after securing a waiver on sanctions imposed by the United States, Serbia's energy minister said on Sunday.
Peru is looking for private managers or investors to improve the operations of a new state-owned oil refinery that is currently only accumulating losses.
Engineers India Ltd (EIL) has secured a contract worth over $350 million to supervise the next expansion phase of Nigeria's Dangote Refinery and Petrochemical Complex.