Group of investors from the US are seeking White House approval to obtain the 49.9 percent collateral in the Venezuela-owned American refiner Citgo currently held by Russia’s oil major Rosneft, Reuters reports. Read more The measure is reportedly aimed at preventing the Russian state-run company from seizing nearly half of the Texas-based refiner in case […]
Tag: refineries
Harvey hits Louisiana next, shuts more refineries — expect higher gas prices
Tropical Storm Harvey made landfall in Louisiana early on Wednesday after hammering Texas, threatening more infrastructure in the heart of the U.S. oil and natural gas industry. U.S. drivers are starting to feel the effects of Harvey in their wallets as the country’s fuel distribution network starting at the Gulf Coast and stretching across the […]
Hurricane damage shuts down major US oil refineries
Published time: 28 Aug, 2017 10:56 Edited time: 28 Aug, 2017 10:56 Ten crude refineries around Houston and Corpus Christi inTexas are closed in the wake of torrential rains, and devastating flooding brought about by Hurricane Harvey during the weekend. The shut refineries normally have a daily capacity of nearly two million barrels of crude, […]
