Oil Company News

Production at Iraq's massive Rumaila oil field has been reduced by up to 300,000 bpd or around a quarter...

Shell reported a small fire and a spill of up to 30 litres of crude oil at its 404,000 bpd Pernis refinery over the weekend but said it would...

Swiss testing giant SGS and France's Bureau Veritas have abandoned merger talks aimed at creating a $33 billion leader in the global...

Goldman Sachs has increased its 2025 gasoline margin forecasts for key refining hubs while adopting a more bearish stance on diesel...

Adnoc will not be returning to the Red Sea anytime soon, with the key shipping route still seen as a risk, according to a senior...

Chevron has started oil production at its Future Growth Project (FGP) in Kazakhstan's Tengiz field, a key milestone in its efforts to boost...

South Korean oil refiner S-Oil expects crude oil refining margins to remain steady in the first quarter of 2025 after the company's...

LyondellBasell will begin the planned permanent closure of its 264,000 bpd Houston refinery over the coming week, the company confirmed Thursday.

ANZ anticipates a challenging year ahead for global natural gas markets in 2025, projecting sustained upward pressure on prices as escalating...

Australian energy producer Santos is advancing plans for a second LNG plant at Darwin as it looks to market gas internationally from the...

Eneos, Japan's largest oil refiner, has taken its 129,000 bpd crude distillate unit at the Chiba refinery offline for scheduled turnaround...

China's state-owned oil producer CNOOC plans to boost oil and gas production to a record high in 2025, citing expectations for 5% economic...

Ghana's state-owned oil marketing company GOIL remained the country's top refined products supplier in 2024 though its market share...

Goldman Sachs has maintained its $76/b Brent forecast for 2025, but warned that prices may lose momentum in the coming months as...

United Airlines reported record fourth-quarter profits for 2024, driven by surging international travel demand and record passenger volumes...

Warren Buffett's Pilot Company is shutting down its international oil trading business to concentrate on North American retail...

Saudi Aramco remains upbeat on the prospect of oil demand growth, including projections for China...

A fire broke out in the naphtha hydrotreater unit at CVR Energy's Coffeyville refinery in Kansas on Monday afternoon...

South Korean oil refiner GS Caltex is planning to shut some units at its Yeosu refinery in late February for a regular turnaround ahead of the demand season...

The regulator of climate and clean air laws in California is gearing up for a legal fight to keep its laws that has helped...