BREAKING NEWS

Venezuela struggles with refinery blaze after deadly blast

By REUTERS

AUGUST 27, 2012 06:09

PARAGUANA, Venezuela - Venezuelan firefighters struggled on Sunday to put out a blaze at the country's biggest refinery sparked by an explosion that killed 41 people in one of the global oil industry's deadliest accidents.

Officials at the 645,000 barrel-per-day Amuay refinery are trying to stop the fire still raging at two storage tanks from spreading to other nearby fuel storage facilities. That would delay Amuay's restart beyond the current estimate of two days.

The incident may support world fuel prices , which are already expected to rise with crude oil as tropical storm Isaac threatens to disrupt industry operations in the Gulf of Mexico.

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