Russia exports over a third of its oil in Western tankers - mostly to India and China - with the use of Western shipping services.

The U.S. Treasury Department on Tuesday issued a new license authorizing the export and sale to Venezuela of U.S. diluents, a key fuel needed to produce exportable crude oil grades in the OPEC country ...

Venezuelan oil exports rose to some 800,000 bpd in January, from 498,000 bpd in December, after the U.S. capture of Nicolas Maduro and the ending of an oil blockade which has let traders carry most ...

Phillips 66 will lay off a total of 277 workers as it winds down operations at its 139,000-barrel-per-day Los Angeles-area refinery ahead of closure.

OQ and KPI have both the capability and resources to drive the project forward successfully. We are actively engaging with potential partners who share our vision of establishing Duqm as a premier ...

Cheniere Energy, the largest liquefied natural gas exporter in the U.S., has submitted an application to build a 24 million metric tons per annum LNG plant at its Corpus Christi location in Texas (U.S ...

Effective February 1, Pertamina's refinery unit PT Kilang Pertamina Internasional and PT Pertamina International Shipping have been merged into trading and logistics unit PT Pertamina Patra Niaga, the ...

Valmet has received orders from Dow to supply turnkey process analytical solutions for its Path2Zero project at its Fort Saskatchewan site in Alberta, Canada. The Fort Saskatchewan Path2Zero (P2Z) ...

Africa's largest oil refinery began operations in 2024 and has been running at about 450,000 bpd–485,000 bpd during its startup phase amid difficulties securing sufficient local crude as it ramps up ...

Tampnet is leveraging its offshore expertise and capabilities to expand into the onshore energy space, delivering high-performance private 5G networks and edge computing to remote, complex and ...

The price for Venezuelan crude does have to be competitive, and Venezuelan crude may displace some other sources of heavy crude including Western Canadian Select.

Chinese firms have been looking to set up refineries in Southeast Asia, where fuel demand is growing steadily while China's domestic oil consumption peaks due to rapid electrification of the ...