In purely economic terms, the big winners since the start of the US-Israel attack are American oil companies, such as Exxon, ...

Last week, U.S. President Donald Trump’s Venezuela pitch to oil executives to invest the vast sums required to revive the country’s flagging oil sector proved largely ineffectual. Exxon Mobil ...

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Kazakhstan plans to build a new large refinery and boost existing refining ...

Marathon Petroleum (MPC) operates the largest heavy crude refinery in Louisiana at 606,000 barrels per day. The Garyville facility is positioned to capture 20% to 30% of increased Venezuelan oil ...

Oil refineries are the backbone of the global energy ecosystem, transforming crude oil into the fuels and petrochemical products that power industries, economies, and everyday life. From early ...

A central piece of a closed crude oil refinery in Convent recently came crashing down as Shell Oil shifts the nearly 60-year-old complex toward making renewable fuels, company officials confirmed. The ...

NEW YORK, Feb 3 (Reuters) - ‌Marathon Petroleum reported fourth-quarter profit above ‌Wall Street estimates on Tuesday, as a 44% jump in refining margins underscored stronger operational performance.

Major oil producer Kazakhstan plans to commission a new refinery by 2033 to eliminate domestic fuel shortages and become a net fuel exporter, The Caspian Post reports, citing Vice Minister of Energy, ...