Oil Company News

Motiva is expected to keep its gasoline-producing FCC at the massive 640,000 bpd Port Arthur refinery...

Marathon Petroleum remains bullish on fundamentals for US refiners as industry margins slim in an increasingly "mid-cycle" environment

BP and Shell have offered to contribute up to $15 million in financing to the South African government as it weighs up a deal to...

Saudi Aramco reported a dip in second quarter profits for 2024 versus the previous year as the energy producer reined in production, while soft...

TotalEnergies has agreed to divest its Pakistani assets with the sale of a 50% share in fuel retailer Total Parco to Gunvor.

Idemitsu Kosan saw its refined oil product exports soaring in the first financial quarter of this year amid a faltering recovery in demand in...

Texas-based Motiva Enterprises has restarted its troubled fluidic catalytic cracker (FCC) unit at the 640,000 bpd Port Arthur...

Japan's largest oil refiner Eneos has shut the 145,000 bpd crude distillation unit at its Sendai refinery in...

The UK The Serious Fraud Office has charged five former Glencore employees over allegations related to corrupt payments...

Quantum Commodity Intelligence –  The battle between ExxonMobil and Chevron to take over prized offshore assets owned by Hess...

South Korean energy major SK Innovation expects robust refining margins in the second half of the year on the back of stronger demand for...

US oil refiner Motiva Enterprises has pushed back the restart date of the fluidic catalytic cracker (FCC) at its...

Profits at Austria's OMV group fell over the quarter as weak refinery margins and lower upstream production weighed on its recovering chemicals business...

Energy giant BP has decided to go ahead with the Kaskida project in the US Gulf of Mexico, the company said Tuesday...

BP's crude oil refining margins in Europe slumped to a three-year low in Q2 due to its relatively high dependency on diesel...

Eneos has restated the crude distillation unit at its 129,000 bpd Chiba refinery after an issue this week knocked the site offline, the company...

Vitol has paid out another bumper bonus pot to its senior staff and traders, as the world's largest oil trading company...

Motiva Enterprises looks to restart its fluidic catalytic cracker (FCC) unit at the Port Arthur refinery later...

Indonesian oil refiner Pertamina said its 300,000 bpd crude distillation unit at the Balikpapan refinery has restarted on time after a...

Losses at Mexican oil firm Pemex hit an eye-watering $14 billion in the second quarter as big forex losses mounted, while overseas...