Anambra State will begin to earn more from 13% derivation funds on crude oil as the State reclaims ten oil wells from Delta State ...

Mexican state-owned oil company Pemex said its seven domestic refineries processed an average of 1.014 million b/d of crude oil in 2025, up 12% from 2024, marking the first time since 2015 that annual ...

The U.S.-Israel war on Iran has disrupted oil exports from the Middle East to Asia, forcing some Asian refineries to cut runs ...

Brokerages said disruptions in the Middle East could tighten the supply of refined oil products globally. This could push refining margins higher, which directly benefits companies like Reliance that ...

Japanese oil refiners are asking the government to release crude from the nation’s strategic petroleum reserves as the Middle East crisis worsens, according to people familiar with the matter.

Saudi Arabia leads oil exports despite US production dominance, creating critical sourcing implications for procurement teams amid geopolitical uncertainty ...

With the NFL Scouting Combine in the rearview mirror, the league’s offseason evaluation process has entered one of its most ...

Oil prices could top US$100 a barrel if tanker flows through the Strait of Hormuz aren’t restored quickly, analysts said. Read more at straitstimes.com. Read more at straitstimes.com.

California’s lack of pipeline access and heavy reliance on imported crude leave it uniquely exposed to a Strait of Hormuz ...

Zhejiang Petrochemical ‌Corp, a major Chinese refiner backed by Saudi Aramco , is shutting a 200,000-barrel-per-day unit, ...

In 2008, the high oil prices had helped kickstart the shale oil industry in the US. Something similar may be happening now.

The US military said Kuwait mistakenly shot down three American jets over the Gulf; Oil production facilities have been struck or shut down. Follow updates here.