“Heavy oil cannot easily be substituted with the light oil that makes up most of U.S. shale oil production; such a switch ...

Under the new tax regime, refiners receive rebates at roughly 50%-80% of the 1,218 yuan ($167.18) per metric ton consumption ...

Nigeria’s petrol imports have fallen to 110,000 bpd, the lowest since 2017, as Dangote refinery ramps up production.

LyondellBasell Industries will begin the permanent closure of its 263,776 barrel-per-day Houston refinery this coming weekend ...

South Korea's S-Oil , whose main shareholder is Saudi Aramco , on Friday said it expects steady first-quarter refining margin due to reduced exports from China and increased seasonal demand.

Standard Chartered: oil buyers in the Midwest will almost certainly pay the price of the tariffs thanks to the limited ...

South Korean oil major GS Caltex is planning to shut a portion of its Yeosu refinery, including its largest crude unit, for scheduled maintenance at the end of February. The maintenance at its 330,000 ...

Government Raises Ethanol Procurement Price, Targets 18% Blending to Reduce Crude Oil Imports and Boost Farmer Income.