U.S.

U.S. refiner Valero to import up to 6.5 MMbbl of Venezuelan crude in March

Valero was among the first U.S. refiners to resume imports of Venezuelan crude after the United States struck a flagship $2-B oil supply deal with the country's interim government and began to ease sanctions.

India's Reliance wins U.S. license for Venezuelan oil

A general license authorizes the purchase, exportation, and sale of Venezuelan-origin oil that has already been extracted, including the refining of such oil.

Three contractors injured at ExxonMobil facility in Beaumont, Texas (U.S.)

Additional details about the cause of the incident, the severity of the burns, and the conditions of the injured workers were not immediately available.

China's epic renewables boom lifts it into rare clean capacity club

With 73 GW more clean capacity than fossil fuel capacity in use, China now has 51% of its power fleet drawing from clean sources and joins the ranks of Brazil, France and Germany as major economies powered mainly by clean energy sources.

Verde Clean Fuels announces suspension of development of Permian Basin gas-to-gasoline project

Russia to send crude oil and fuel to Cuba soon, Izvestia reports

Cuba is grappling with fuel shortages after the U.S. moved to choke off its oil supplies. The communist-run island has warned international airlines that jet fuel will no longer be available, the latest sign of fast-worsening conditions.

Marathon shuts oil refinery in Kentucky (U.S.) due to power interruption

The Findlay, Ohio (U.S.)-based refiner declined to comment on whether the facility is back up or on the timeline for restarting it.

EIA: U.S. crude stocks increase by most in a year after storm hit refining, exports

U.S. crude stocks rose last week as refining and export activity slowed during a winter storm last month, while domestic output started to recover from the freeze.

Update: Union agrees to U.S. refineries contract, averting nationwide strike

The agreement was negotiated between the union and leading U.S. refiner Marathon Petroleum on behalf of the refiners and chemical producers.

Indian refiners avoid Russian oil in push for U.S. trade deal

The U.S. and India moved closer to a trade pact on Friday, announcing a framework for a deal they hope to conclude by March that would lower tariffs and deepen economic cooperation.