U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest ...

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.

HOUSTON (Reuters) - LyondellBasell Industries (NYSE: LYB) will begin the permanent closure of its 263,776 barrel-per-day ...

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 ...

Marathon has apparently begun work on a 290,000 b/d crude oil distillation unit at Galveston Bay in Texas, and some other Texas and Louisiana processors may begin turnarounds later this month.

Tantita’s preparedness to partner with NNPCL to raise crude oil production. Chairman of Tantita Security Security Services Nigeria Limited (TSSNL), Chief (Dr.) Government Ekpemupolo, alias Tompolo, ...

China's Sinopec Zhenhai refinery said a fire that broke out on one of its crude distillation units late on Tuesday had been put out, with no injuries reported.

Tax Take Other government directives on energy efficiency include shutting smaller crude distillation units — the first step in refining oil — by this year. About 9 million tons of capacity in ...

(Bloomberg) -- China’s independent oil refineries face a reckoning this year as Beijing tackles overcapacity in the industry, and the crude they rely on becomes a lot scarcer. Over a fifth of ...

The US oil boom has been a highlight of the energy markets over the last few years, with American shale producers pumping vast amounts of crude. According to the Energy Information Agency ...

On Dec. 19, in an overnight drone attack on an oil refinery in Novoshakhtinsk, Rostov Oblast, the Crude Oil Distillation Unit (CDU) was reportedly hit and set on fire. The Novoshakhtinsk oil refinery ...