US President Donald Trump has announced that a new oil refinery will be opening in Texas’s Brownsville, the first such facility to be built in five decades. We explain the importance of this facility,

Crude oil fractionation is the primary separation step in a refinery, physically splitting crude into boiling-range cuts for downstream upgrading. It sits at the front of the refining value chain and dictates the yield slate, energy load, and feed quality ...

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 Canadian oil processed at the facilities, according to ...

Secretary of State Marco Rubio on Sunday touted what he called a unique U.S. capability to refine Venezuela's abundance of crude oil, a linchpin of the Trump administration's takeover strategy for the country. The big picture: Refineries in the Gulf of ...

Trump’s push to lure U.S. oil majors back to Venezuela largely fell flat, with Exxon and ConocoPhillips calling the country uninvestable under current laws and citing past expropriations. Venezuelan crude is attractive to complex U.S. refiners with ...

NEW YORK, Feb 3 (Reuters) - Marathon Petroleum (MPC.N), opens new tab said it bought two cargoes of Venezuelan crude oil at the end of January and expects its refineries to process more heavy grades, company executives said during a post-earnings call on ...