OnePlus Nord 6 launches with Snapdragon 8s Gen 4 and large 9000 mAh batteryOnePlus Nord 6 launches with a 6.78-inch 165Hz AMOLED display, Snapdragon 8s Gen 4 chip, 50MP camera and massive 9,000mAh battery with fast charging support. Published on: Apr 07
Fixed deposit (FD) investors are closely watching interest rate trends as global developments begin to influence India’s financial outlook. With rising geopolitical tensions—particularly in the Middle East—there are growing concerns about inflation
In anticipation of the arrival of RSS Chief Dr Mohan Bhagwat and Chief Minister Yogi Adityanath to attend the 452nd Birth Anniversary (Jayanti Mahotsav) of Jagadguru Sant Malook Das in Mathura and Vrindavan, the district administrations have implemented significant traffic diversions and security
The Kerala High Court on Tuesday dismissed a petition challenging Bharatiya Janata Party MP Suresh Gopi’s victory in the 2024 Lok Sabha election from Thrissur, reported Bar and Bench. The petition was filed by Joshi Villadom who had contested the 2024 elections as an Independent candidate
At a recent awards show, Zakir Khan spoke about Dhurandhar: The Revenge’s massive success, suggesting that the film industry was secretly ‘jealous’ of it. He also joked, “Film mein bomb phoote Lyari mein aur yahan dhuaa udaa Bandra se Juhu mein. (The bombs may have gone off in Lyari
If not Scheffler and McIlroy, these men could be slipping into a Green Jacket come Sunday Published on: Apr 08, 2026 8:00 AM IST By Joy Chakravarty Share via Copy link Augusta National Golf Club Key Takeaways Summary is AI-generated The last few weeks indicate that world No1 and No2
RTI activist shot at by unidentified assailant in AiroliThe incident occurred around 11:45 pm at Chhatrapati Rahivasi Sangh, where Maurya was meeting his friend, contractor Sandeep Gawas, who was overseeing construction work in the area Published on: Apr 08
Lalit Modi says his proposal for the IPL to be an independent company, not a subsidiary of the BCCI, was turned down. Lalit Modi, the former IPL chairman, has revealed that he had proposed making the league an independent entity – an idea he believes would have turned it into an “ecosystem unto
The US refinery now processing Venezuelan oil
The Minerva Gloria is docked at a wharf in the Mississippi Sound, not far from the US's vast oil reserves in the Gulf of Mexico.
The ship, 820ft (250m) long, painted navy and burgundy, is carrying precious cargo from Venezuela that, just six months ago, would have been impossible to bring to the US - 400,000 barrels of crude oil.
Venezuela has the world's largest oil reserves. Under Venezuela's former president Nicholas Maduro oil exports had dropped significantly, due to a lack of investment. Then came US sanctions against any imports from the Latin American country.
But US President Donald Trump vowed to tap those reserves after the US military captured Maduro in a surprise, night-time raid in January.
Now the oil is flowing again in Venezuela. In March, the country's monthly crude exports surpassed one million barrels per day. The first time since September.
As the world reels from the impact on global energy prices caused by Iran blocking the Strait of Hormuz, big oil and gas companies like Chevron are now importing Venezuelan crude oil by the shipload.
"It's a big deal not only for Chevron but the entire Gulf region," says Tim Potter. He is the director for Chevron's oil refinery in Pascagoula, Mississippi, the company's largest operation in the US. It is also the only major US oil company currently operating in Venezuela.
Together this means that Chevron can extract its own Venezuelan oil, process it itself, and get it directly to the US consumer.
It's a pretty big incentive for us to run it," Potter says. "The refinery was really designed, and we invested in the refinery, to run heavy oils like from Venezuela.
Venezuelan crude oil is relatively cheap to buy because it is much more difficult to process. It is very heavy, thick, dark and high in sulfur, often called a sour oil. It is used to make diesel, gasoline (petrol), jet fuel and other products.
Chevron now imports the equivalent of 250,000 barrels of Venezuelan crude oil per day, on average, says Andy Walz, president of downstream, midstream and chemicals at Chevron.
We think we can take that up another 50% so call it somewhere around 350,000 to 400,000 barrels a day of just the Chevron share of our position in Venezuela.
What Walz means by the US's "position in Venezuela" is that while Chevron is the only US company that has extracting capabilities in the country, others are buying Venezuelan oil from domestic producers.
Chevron is also not the only player when it comes to oil refining in the US. There are 132 refineries in the US that run on a mix of crude oils. And nearly 70% of US refining capacity runs most efficiently with heavier crude.
The US imports very little oil from the Middle East, roughly 8% in 2025. The increase in imports from Venezuela means there is more oil available, which should translate to cheaper gasoline prices for US drivers.
"The United States imports almost no oil through the Hormuz Strait, and won't be taking any in the future, we don't need it," said US President Donald Trump in his primetime address last week.
But just a few miles from the Chevron refinery, at a Chevron fuel station, prices at the pumps continue to increase.
I hate it," says David McQueen, retired Vietnam veteran who depends on social security for his livelihood. "The price has got to go down because I'm going down with it.
When asked why he still pays so much to fill up his car despite being surrounded by the US's vast oil reserves, McQueen believes the government is sitting on it "to keep the prices up." He adds: "We've got plenty of gas."
One pump over, Donna fills her tank with $30 (£23) worth of fuel. "I'm driving less and spending less on other things." Her grandchildren live a few hours away, but she doesn't see them as often because it has become too costly. "You gotta do what you gotta do."
The average price for a gallon of gasoline in this part of Mississippi is still cheaper than the national average, according to the American Automobile Association motoring organization. Before the war in Iran, gas was almost $1 cheaper.
In that same evening address, President Trump extolled the US's oil producing capabilities. "We are the number one producer of oil and gas on the planet, not to mention the millions of barrels we are getting from Venezuela."
But access to those vast oil reserves hasn't yet meant lower prices for Americans. That's because the US is just as susceptible to global oil market fluctuations as other countries.
"While we're able to still get crude available here to this refinery because of our relatively local supply, the overall pricing of that crude has gone up because it's based off of world markets," says Potter.
But Chevron believes its bet on Venezuelan crude will end up benefitting consumers. The Iran war is just currently masking the gains.
"When things do get back to normal, that additional supply out of Venezuela will actually translate to lower prices for Americans. So it will in the future, but it isn't having an impact now," says Walz.
Source: BBC
Related Posts: Ukraine Claims Strike on Oil Refinery Complex in Russia’s Ufa Drones Strike Russia’s Major Export-Oriented Oil Refinery Fire Erupts At Oil Refinery In Texas After Loud Blast Ukraine strikes major Russian oil refinery in large-scale drone attack Kuwait oil refinery units on fire after drone attack Oil refinery ablaze in Cuba as fuel crisis deepens Ukrainian drones strike oil refinery Trump Announces First US Oil Refinery In 50 Years Saudi Arabia’s Ras Tanura Oil Refinery Shutdown Trump Announces First US Oil Refinery In 50 Years
Man on bike spotted working on laptop at 12:15 am, internet reacts to viral video: ‘Bhai ghar jake so ja’The video of a man working on his bike at night has sparked a discussion about Indian corporate culture. Published on: Apr 08, 2026 6:49 AM IST By Trisha Sengupta Share via Copy link While
Just now
Maruti Suzuki retails its complete lineup via two retail chains – Arena and Nexa. The latter is where the automaker sells more premium offerings. Currently, the Nexa lineup includes – Ignis, Baleno, Fronx, Jimny, XL6, Grand Vitara, and Invicto
Just now
Bangladesh’s deadly measles surge shows how fast outbreaks return when vaccination dips — a warning for India, where immunity gaps could put children at risk. At least 98 children are reported to have died in Bangladesh over the past three weeks due to measles
Just now
WASHINGTON (AP) — Thomas Saggese hit a go-ahead double in the 10th inning, and the St. Louis Cardinals rallied for a 7-6 win over the Washington Nationals on Tuesday night. Nathan Church and Jordan Walker homered for St. Louis. The Cardinals scored five runs against the Nationals’ scuffling
Just now
Tech giant Realme has confirmed that its upcoming Realme Narzo 100 Lite 5G will debut in India next week. The smartphone-maker announced the launch date of this budget handset on Tuesday. It will be the successor to the Narzo 80 Lite 5G, which launched last year. This smartphone will offer a 6
Just now
Royal Enfield has updated the Hunter 350 range in India with the introduction of a new Base Premium variant, aimed at offering better equipment without pushing buyers into the top-spec models. The new trim is priced at around Rs 1.49 lakh (ex-showroom) and is now open for bookings
Just now
HSLC result date 2026: Assam HSLC class 10 result 2026 will be announced by officials on April 10, 2026. However, official confirmation notification containing the date and time is still awaited. Check the article below for complete details. HSLC result date 2026: The Assam HSLC (Class 10) Result
Just now
Mumbai: The Mumbai Metropolitan Region Development Authority has expanded the city’s metro network with the launch of Metro Lines 2B and 9 on Tuesday, strengthening suburban connectivity across the Mumbai Metropolitan Region. The two corridors will begin commercial operations on April 8
Just now
The Information and Broadcasting ministry has extended the suspension of television news ratings. This move aims to curb sensationalism and speculative content. The Broadcast Audience Research Council is directed to withhold reporting of TRPs for news channels
Just now
United States President Donald Trump on Tuesday announced a two-week ceasefire in West Asia in exchange for Iran reopening the Strait of Hormuz. Iran confirmed the ceasefire. The country’s Foreign Minister Abbas Araghchi said that Iranian forces will stop their “defensive operations” if the
Just now
The correction of answer sheets for the 10th grade public examination begins today, and the results are scheduled to be released on May 20. The 10th class public examination for students under the Tamil Nadu state syllabus commenced on March 11. A total of 882,806 regular school students and 13
Just now
Land mafia kingpin held for encroaching on 2.10 acres in VasaiSurendra Pratap Singh aka Randha was arrested on Monday night by a team attached to unit 4 of the MBVV crime branch based on technical intelligence and investigation, police said Published on: Apr 08
Just now
RBI MPC April Meet 2026: The Reserve Bank of India (RBI) Governor Sanjay Malhotra is set to announce the latest repo rate decision today, April 8, following the three-day Monetary Policy Committee (MPC) meeting held from April 6 to April 8, 2026
Just now
Tata Motors Commercial Vehicles on launched an electric commercial vehicle Intra EV Pickup on Monday, with an ex-showroom price of Rs 11.95 lakh. In a move to expand its electric small commercial vehicle portfolio, the new launch will be available across Tata Motors’ commercial vehicle
Just now
Rajiv Thakur of Saharanpur got the shock of his life on April 3 — a Rs 4,000 traffic challan on his phone, issued by Pauri-Garhwal Traffic Police in Uttarakhand. The catch? His car hadn’t left his neighbourhood since Holi. Right outside his house in Gill Colony, Sadar Bazaar
Just now
It was a day to forget for R Praggnanandhaa at the Candidates tournament, as the young Indian GM saw his hopes of a top finish take a serious hit following a defeat to Anish Giri in Round 8 on Tuesday. Pragg Slips Up Against Anish GiriIt was a day to forget for R Praggnanandhaa at the Candidates
Just now
David Raya is the best goalkeeper in the world. At least according to his Arsenal team-mates. The Gunners keeper made four superb saves in his latest excellent display in the 1-0 Champions League victory over Sporting, with Kai Havertz hitting a late winner
Just now
5 eras of Allu Arjun's stardom: Getting trolled for his looks to becoming a superstar to be reckoned withOn Allu Arjun's 44th birthday, charting his rise from debuting as Chiranjeevi's nephew to earning a name of his own in the film industry. Apr 8, 2026
Just now
Stirred into tea, drizzled over breakfast, or taken by the spoonful when your throat feels off, honey is one of those ingredients you instinctively reach for. But have you ever wondered why it always seems to help, no matter the situation? What is it about this simple
Just now
India is planning to expand the adoption of electric cooking stoves, as a shortage of cooking gas triggered by the West Asia conflict continues India is planning a major push to expand the adoption of electric cooking stoves, as a shortage of cooking gas triggered by the West Asia conflict
Just now
India gold prices fall over 14 percent this month as dollar strengthens, 24k gold near Rs 1.5 lakh per 10g, silver around Rs 1.5 lakh per kg, Iran US ceasefire talks add pressure Gold and Silver Rates In India Today, April 07: Gold and silver prices in India continued to drop on April 7
Just now
Govt is likely to roll out a Rs 2.5-lakh-cr credit guarantee scheme in the coming days to support sectors impacted by the West Asian crisis The central government is likely to roll out a Rs 2.5-lakh-crore credit guarantee scheme in the coming days to support sectors impacted by the West Asian
Just now
Asian stock market zoomed over 5 per cent and oil prices plunged 14 per cent on Wednesday, followed by the announcement of a 15-day ceasefire between Iran and the US and negotiation talks are being set to hold in Islamabad on April 10. Japan’s Nikkei surged 5 per cent to reach the day’s high at
Just now
Flight operations to Dubai, Abu Dhabi and Jeddah remain restricted as airlines issue fresh advisory, urging passengers to stay updated amid changing schedules and ongoing disruptions. If you are planning to fly to Dubai, Abu Dhabi or other West Asian destinations via Air India or IndiGo airlines
Just now
Amid campaigning for state elections, Abhishek Banerjee stirred a political controversy on Monday after making strong remarks while criticising the Centre’s response to Pakistan’s recent threat to Kolkata. Speaking at a rally in Siliguri, the Trinamool Congress general secretary said that once
Just now
Samson and Bumrah nominated for ICC March Player of the Month after starring in Indias T20 World Cup win. India’s two best performers from the 2026 T20 World Cup, Sanju Samson and Jasprit Bumrah, have been nominated for the ICC Player of the Month award for March
Just now
Vietnam's communist-dominated general assembly has elected To Lam, the party leader, to be the country's president and head of state, an unusual concentration of power in one person. He was elected unanimously by the 500 seat assembly which started sitting on Monday
Just now
