…but please lower your prices until you need to buy that more expensive gasoline! Folks-

PetroChina said it had received government permission to build a new refinery in southern China to process heavy crude oil from Venezuela.The joint PetroChina and Venezuelan project will result in a refinery that can process 200,000 barrels per day, El Universal reported Friday.General Manager Jiang Jiemin of PetroChina’s parent company China National Petroleum Corp., said PetroChina would own …

MEXICO CITY -(Dow Jones)- Mexican mining and metals concern Industrias Penoles SAB (PE&OLES.MX) said Friday it has declared force majeure on contractual commitments as a strike at its silver and lead refinery continues into its second month.

CARACAS, Venezuela, March 13 (UPI) — PetroChina said it had received government permission to build a new refinery in southern China to process heavy crude oil from Venezuela.

Workers at the Holly refinery in Woods Cross have reached an accord on a new labor contract that calls for them to receive a 3 percent increase in their wages for each of the next three years.

A fire ignited Friday afternoon around 2:30 p.m. at the Tate and Lyle corn refinery plant in Loudon, according to Loudon Police.