Together, countries affected by those conflicts produced about 45 million barrels per day of oil based on 2025 output, accounting for more than 43% of global supply.

Six European Union countries want the 27-nation EU to discuss in September a mechanism to tax windfall profits of oil companies triggered by Iran's blockade of the Strait of Hormuz, a letter by their ...

Japan's biggest refiner, Eneos Corp, restarted a 155,100 barrels-per-day crude distillation unit at its Chiba refinery near Tokyo on August 12 after an unplanned shutdown, a company spokesperson said ...

A fire that broke out at the Atyrau oil refinery in western Kazakhstan has since been fully extinguished, the plant's management said in a statement. There were no casualties and the facility is ...

Olin Corporation and Huntsman Corporation announced that their respective shareholders have approved the proposals necessary to complete the companies' previously announced all-stock merger of equals.

Seaborne petroleum product exports from Nigeria have grown seven-fold since 2023, playing an increasing role in the ...

Oil major Shell has drawn interest from potential bidders, including ExxonMobil ​and LyondellBasell, for its U.S. chemical assets ‌that could fetch up to $8 B, the Financial Times reported on Monday.

At least 19 people were being treated in hospital and more than a hundred more suffered injuries after a fire broke out on Tuesday at a gas chemical complex under construction in Russia's Far East, ...

Russia is set to extend its diesel export ban through September as fuel shortages persist in the domestic market, with a number of refineries still idle following repeated Ukrainian drone attacks, ...

Early Works program advances engineering and procurement for Aduro’s FOAK Facility and establishes an execution pathway for industrial deployment of Hydrochemolytic TM Technology through a structured, ...

The U.S. Environmental Protection Agency plans to extend a September 1 deadline ‌requiring oil refiners to demonstrate compliance with the nation's biofuel blending laws, a move that could help the ...

KazMunayGas has postponed scheduled maintenance at the Pavlodar Petrochemical Plant from 2026 to 2027 to ensure stable production and uninterrupted fuel supplies to the domestic market during peak ...