The contract, starting in September, allows for the delivery of between 5 million metric tons and more than 9 million tons.

While oil markets adapted remarkably well to the abrupt loss of a fifth of global crude supplies from the Middle East during the conflict, workarounds for the refining industry have been far more ...

July and August were the two strongest months for China's seaborne imports from Russia since April and show that China's refiners are seeking more Russian cargoes to replace barrels from the Middle ...

The agreement marks the fifth renewal since the companies began working together in 2005, and reflects a long-standing ...

Venezuela's crude receive more than 500,000 barrels a day, Haustveit says PDVSA executive says Venezuela's crude output will reach 1.245 million bpd by end-August Haustveit says Venezuela is currently ...

Typically a net fuel exporter, Russia has been forced to turn to imports after persistent Ukrainian strikes on its energy facilities in the past few months led to lower refining output, causing fuel ...

Unhindered by attacks or shipping blockades, refineries in India and the U.S. have ramped up exports to nations that previously relied on purchases from the Middle East and Russia.

Mexican petrochemical firm ‌Braskem Idesa, a joint venture of Brazil's Braskem and Mexico's Grupo Idesa, filed for Chapter 11 bankruptcy in the U.S. after reaching ​agreements with creditors and ...

Indorama Ventures Public Company Limited, a global sustainable chemical company, announced a strategic partnership through Indovida, Indorama Ventures’ packaging business segment, with Suntory ...

China's surplus crude for July amounted to 210,000 barrels per day (bpd) and came after the world's biggest oil importer drew on stockpiles in both May and June amid supply constraints caused by the ...

The demonstration brought together expertise from across the aviation ecosystem, with Rolls-Royce and TCS working alongside ...

The offers are the latest sign of crude supplies finding their way around the prolonged disruption to the Strait of Hormuz.