Wall Street is bracing for a sharp decline in U.S. oil refiners' fourth-quarter profits as fuel demand softened, while ...

As Russian discounts on crude fall to below $5 per barrel, the gross refining margins of India’s public sector oil marketing companies have declined by about 80% so far in FY25 from the highs ...

President Trump is making energy a top priority on his first day in office, pledging to declare a national emergency – which ...

Schneider Electric CEO Jean-Pascal Tricoire said that augmented reality technology can help virtually prepare operators for leaks and fires at refineries and offshore platforms ...

SINGAPORE, (Reuters) - Up to 10% of China's oil refining capacity faces closure in the next ten years as an earlier-than-expected peak in Chinese fuel demand crushes margins and Beijing's drive to ...

“During my state visit to China, we secured one of our largest foreign direct investments — a $3.7B agreement with @SinopecNews to build an advanced oil refinery in Hambantota. This will boost ...

Up to 10% of China's oil refining capacity could be shut down within the next decade. The clearest sign of the industry's struggles is the poor operating rates of refineries. About only half of ...

Weaker fuel demand and depressed refining margins in 2024 resulted in ... on average 14.13 million barrels per day (bpd) of crude oil last year, down by 1.6% compared to the record 14.7 million ...

A fire erupted at the Lukoil oil refinery in Volgograd’s Krasnoarmeysky district in the early hours of Wednesday, Jan. 15, the Moscow Times reported citing Russian Telegram channels Residents reported ...

Among other things, the review looked into the possible sale of the company, which operates Canada’s largest oil refinery in Saint John, N.B. When it opened in 1960, the refinery processed more ...

Oil prices reported a weekly loss after Donald Trump’s remarks on US output. Brent lost 2.8 per cent this week, while WTI declined 4.1 per cent in the last five days. Although shipping will be ...