President Hugo Chavez said Sunday that Venezuela hopes to gradually sell off its refineries in the United States and build a new network of refineries in Latin America, part of a plan to offer his leftist allies in the region a stable oil supply.
Chavez also raised the idea of issuing a regional bond to raise [...]

Commercial vessels began using a southwestern Louisiana shipping channel on Friday for the first time since a spill of 47,000 barrels of oil forced its closure last week and tapped the nation’s oil reserve.
The U.S. Coast Guard allowed a limited number of ships to use the Calcasieu Ship Channel after the wake from a barge [...]

Crude-oil futures rose Monday on the heels of a rally in gasoline that brokers attributed to a shipping snag along the U.S. Gulf Coast that was having some impact on refinery operations.
The Coast Guard said Sunday that only limited tug and barge traffic had resumed through the Calcasieu Ship Channel, which had been off limits [...]