Oil Company News

Goldman Sachs said Brent crude oil prices could trade lower to the $70/b threshold as oversupply risk is back in focus after Libya is on track...

Nearly 300 workers at Marathon Petroleum's 140,000 bpd Detroit refinery downed tools Wednesday in a dispute over a new labour...

US refiner Valero has begun works to resume operations at the 210,000 bpd crude distillate unit at its 360,000 bpd Port Arthur refinery in Texas after...

India's state-owned Oil and Natural Gas Corp. (ONGC) has initiated plans for a multibillion-dollar refinery and petrochemical project in Uttar Pradesh to capture the nation's growing fuel demand....

A power outage in the Eurpoort area of Rotterdam shuttered both BP and Exxon's refineries Tuesday morning...

Oil refiner Orlen Unipetrol has started work to bring its 103,000 bpd Litvinov refinery in the Czech Republic back online this week after...

China's state-backed petrochemical cracker Tianjin Bohai Chemical Industry Group has restarted its 600,000 mt per annum propane dehydrogenation plant this week after...

Qatar is in discussions with Germany authorities over the possible acquisition of Rosneft's stake in the Schwedt refinery, which was placed...

Banle Energy International has now expanded its global port coverage to over 60 ports in 14 countries as the company prepares to captilise...

The trading arm of French energy giant TotalEnergies has been hit with a $48 million charge by US regulators to settle a case...

Socar will shut its STAR refinery on Turkey's west coast for up to two months for maintenance work amid falling refined product margins...

Profits at oil trader Gunvor slipped 48% in the first half of the year as oil market volatility waned, with trade adapting to geopolitical...

ExxonMobil is looking to divest some of its conventional oil and gas fields in the Permian Basin, with the sales potentially raising...

ExxonMobil said more investments are needed in oil and gas development to avoid global supply shortage as it expects demand to remain...

EET Fuels has appointed consulting and engineering company Wood a front-end engineering design (FEED)...

A fire broke out at the Gazprom-operated 430,000 bpd Omsk refinery in Siberia late Monday, leaving one casualty and half dozen injured, but operations at...

China's top oil refiner Sinopec expects domestic sales of refined products to rise further in the second half of the year as the company is...

ExxonMobil's French subsidiary Esso warned of flaring at its 140,000 bpd Fos-sur-Mer refinery as it restarted a unit...

Proman has bunkered a total of 12,500 mt of methanol over the past year at its production site in Trinidad...

Singaporean oil refiner SRC is set to wind down operations of the crude distillation unit at its 290,000 bpd refinery until...