Crude oil production in the US soared to a record 12.9 million barrels per day in 2023, up by 158% since 2008, when fracking started becoming a significant factor. The surge in production in 2022 and ...

The Group of Seven industrialized countries, the European Union and Australia on Friday agreed to limit the price of Russian diesel and other refined petroleum products. The EU and its G-7 allies on ...

During first-half 2023, US exports of petroleum products grew 2% compared with the same period in 2022, reaching nearly 6 million b/d, according to data from the US Energy Information Administration.

PSX, MPC and VLO stand out in oil refining as the industry outperforms despite volatile margins and a weaker earnings outlook ...

The US will remain a net exporter of petroleum products through 2050, according to the 2023 Annual Energy Outlook (AEO2023) from the US Energy Information Administration. Petroleum products net ...

India’s consumption of refined petroleum fuels and products is expected to hit another fresh high in the upcoming financial year — 2026-27 (FY27) — on the back of steady growth in energy use across ...

China’s biggest coal mining company will invest some $24 billion in the construction of a facility for the conversion of coal into petroleum products in a bid to reduce an expected excess in the ...

Fuel importers have been warned they could be breaching Australian sanctions law by importing Russian-origin oil processed in ...

Total petroleum product sales in Cyprus reached 118,460 tonnes in January, representing an 11.2 per cent increase compared to the same month in the previous year, according to the Cyprus Statistical ...