Appointed as Sinopec chairman a year ago, Hou launched an overhaul to give greater authority to business units that he revamped into four profit centers: oil, gas and new energy, refining and ...

For potential investors, the question is whether Dangote, majority-owned by Africa's richest man, Aliko Dangote, can avoid squeezing its profits while sourcing enough crude oil for its plans to double ...

Middle East imports accounted for 94% of Japan's crude oil in 2025, with 93% coming via the strait. No target was set for reducing dependence on Middle Eastern crude oil.

Axens and Raízen announce the successful start-up of a Prime-G+® FCC gasoline desulfurization unit at Raízen’s refinery in Argentina, marking the 300th Prime-G+® unit licensed worldwide in 25 years.

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 ...

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 ...

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.

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.

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.

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

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 ...

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, ...