Venezuelan crude oil is relatively cheap to buy because it is much more difficult to process. It is very heavy, thick, dark ...
Sydney: As the US–Israel war on Iran escalates, so too does the global oil crisis. The effective closure of the Strait of Hormuz, through which roughly 20% of the world’s oil and natural gas flows, ...
The highly complex refineries located on the U.S. Gulf Coast could resume processing heavy Venezuelan crude oil in the years following the capture of President Nicolás Maduro, possibly pushing out ...
A new oil refinery planned for South Texas could bring thousands of jobs and a major energy investment to the region — while also raising concerns about pollution, water use and coastal risks.