With a second refinery closing and possibly more to follow, Newsom may be forced to consider the possibility that petroleum might not be as dispensable or easily replaceable as he thought.

Fresh controversy may be brewing over the future of Nigeria’s critical assets like the refineries and steel plants, as new ...

President of Dangote Group, Aliko Dangote, has described President Bola Tinubu as a “listening President” whose policy ...

Aliko Dangote, founder of Dangote Group, has urged the Federal Government to replicate the successful Naira-for-Crude model ...

New European Union sanctions targeting Russia's oil industry will reshuffle global diesel flows for the second time since ...

By bno - Ho Chi Minh Office A tanker carrying Russian Urals crude oil, originally scheduled to dock at Nayara Energy’s Vadinar terminal on India’s western coast, has diverted to the nearby Mundra port ...

TotalEnergies' integrated power business beat forecasts with a 14% rise in quarterly profit to $574 million, but was unable ...

According to Bolaji, the refinery to be sited at Ipokia, a quiet corner of Ogun state, is designed to process 100,000 barrels of crude oil per day in its initial phase, with the capacity to scale up ...

Red-hot diesel refining margins may cool off from current highs, but likely will still end up above long-run averages given ...

PetroChina has approved a $9.6 billion refinery and petrochemical complex in Dalian, signaling a strategic shift towards ...

The new complex comprises a 200,000-bpd crude oil refinery, a 1.4-metric MMtpy ethylene complex as well as a variety of downstream petrochemical units such as polyethylene, polypropylene and ...

Eni Lifts Cash-Flow Guidance, Confirms $1.8 Billion Buyback Despite Headwinds Eni raised parts of its full-year guidance and said it would buy back up to 1.5 billion euros ($1.76 billion) of shares ...