Oil Company News

Record high refining margins, led by surging diesel and gasoline production margins, is set to accelerate...

A lack of investment in refining capacity in recent years has distorted global refined product prices and boosted...

Russia has transferred ownership of the vast Sakhalin-2 natural gas venture to a new state-owned entity in a move...

Venezuela's state-owned oil producer PDVSA has suspended gasoline production at the Cardon...

TotalEnergies is to cut the price of petrol sold at its motorways service stations in France by €0.12/l...

Energy major TotalEnergies and shipping company Mitsui OSK Lines (MOL) have completed the first refuelling of...

The world's biggest LNG producer has teamed up with an energy industry-led body saying it aims to eliminate...

Leonid Fedun has stepped as Vice President for Strategic Development at Lukoil, effective June 27, after...

Mexican oil product imports hit their highest level since early 2020 this May as post-Covid demand...

Hungarian energy company MOL has lowered its limit for fuel sales for passenger cars to 50 litres starting Friday...

The meeting between oil industry executives Energy Secretary Jennifer Granholm to discuss gasoline prices and boost domestic oil supplies was...

Workers from the French union CGT will halt all oil product and biofuel deliveries from Totalenergies'...

High global energy prices and a drive to bolster energy security to keep inflation in check will boost...

Inpex, Japan's largest oil and gas producer, has delivered a carbon-neutral liquefied natural gas (LNG) cargo to Toho Gas...

The sanctions imposed by the EU and the US on Russia following its invasion of Ukraine have affected 75% of its banks...

ConocoPhillips was confirmed Monday as one of the Wester energy firms in taking a stake in a $29 billion project to boost Qatar's exports of LNG...

Finnish shipping company ESL Shipping will become the world's first shipping company to start utilizing new low-emission Neste Marine 0.1 Co-processed marine fuel...

Australian airline Qantas has teamed up with aircraft manufacturer Airbus and engine maker Pratt & Whitney to...

British airport Gatwick and Dutch airport Schiphol have reduced the maximum number of daily...

Kyushu Electric Power Co. said it will withdraw from a plan to develop a liquefied natural gas-fired thermal power plant in Chiba Prefecture...