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Aruba, Citgo negotiate deal to reopen shuttered oil refinery

Aruba, oil refinery, Citgo

SAN JUAN, Puerto Rico (AP) — The Aruban government and Venezuela’s Citgo Petroleum Corp. are finalizing an agreement to reopen an oil refinery that has been shuttered since 2009. Aruban Energy Minister Mike de Mesa says the accord calls for the rehabilitation of the facility and provides the U.S.-based subsidiary of Venezuelan state oil company PDVSA with a 15-year operational ...

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Moody’s downgrades Saudi Arabia on lower oil prices

Saudi Arabia, oil prices

NEW YORK (AP) — Saudi Arabia’s credit rating has been downgraded by Moody’s because of the long and deep slump in oil prices. Moody’s Investors Service said Saturday that it also downgraded Gulf oil producers Bahrain and Oman. It left ratings unchanged for other Gulf states including Kuwait and Qatar. Saudi Arabia is the world’s largest oil exporter. Moody’s cut ...

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Williams sues to maintain sale to Energy Transfer Equity

DALLAS (AP) — Williams Cos. has gone to court to pressure rival pipeline company Energy Transfer Equity to go through with the planned $32.6 billion purchase of Williams. In a lawsuit filed in state court in Delaware, Williams suggested that Energy Transfer is trying to get out of the deal. Energy Transfer’s spokeswoman did not immediately return phone and email ...

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US stocks gain in morning trading as crude oil rises

NEW YORK (AP) — Stocks rose on Wall Street Monday morning, led by gains in energy companies as the price of crude oil increased sharply. Marathon Oil jumped 6 percent and offshore driller Transocean rose 5 percent. Major U.S. stock indexes have fallen for three weeks in a row. KEEPING SCORE: The Dow Jones industrial average rose 125 points, or 0.7 ...

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US producer prices rise in April for first time in 3 months

producers, gas, manufacturers

WASHINGTON (AP) — Prices charged by U.S. manufacturers, farmers and other producers rose for the first time since January, lifted by higher costs for gas, steel and medicines. The Labor Department said Friday that the producer price index, which measures price changes before they reach the consumer, increased 0.2 percent in April. That followed small declines in February and March. ...

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Former Massey Energy CEO Don Blankenship reports to prison

don blankenship

CHARLESTON, W.Va. (AP) — Former Massey Energy CEO Don Blankenship reported to a California prison Thursday to begin serving a one-year sentence for his conviction related to the deadliest U.S. mine explosion in four decades, a U.S. Bureau of Prisons spokesman said. Spokesman Justin Long said Thursday evening that Blankenship was in custody at a federal facility in Taft, California. ...

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