“The U.S. oil sector, however, does not exist in a vacuum - and signs that the U.S. is ramping up production could provoke a ...

Oil prices fell on Friday, and were heading for a weekly loss, on worries about waning Chinese demand and expectations of ...

China's oil refiners in October processed 4.6% less crude than a year earlier, falling year-on-year for a seventh month, amid the closures of some plants and reduced operating rates at smaller ...

Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...

The Organisation of Petroleum Exporting Countries (OPEC) has said that Nigeria's crude oil production for October 2024 stood ...

Occidental Petroleum’s $1.3 billion carbon removal project in West Texas aims to prove the technology can make a difference.

TASS/. OPEC+ countries slashed oil production by 283,000 barrels per day (bpd) in October 2024 and were producing below the target by 154,000 bpd, the OPEC said in its November report. The OPEC+ ...

ExxonMobil CEO Darren Woods said there's not much opportunity for the oil industry to increase production in the short term.

OPEC cut its forecast for global oil demand growth in 2024 and lowered its projection for next year on Tuesday, highlighting ...

Indian Oil Corp said on Tuesday that a fire at its Gujarat refinery has been fully extinguished and refinery operations are now normal.

Potential replacements for the century-old refinery complex covering 650 acres include housing and last-mile distribution ...

Here's a look at what happened in oil markets in the week of Nov ... month partly due to the closure of a processing plant at a state-owned refinery. WHAT'S AHEAD: All three energy agencies--the EIA, ...