Energy secretary reveals Venezuelan oil export plan as Trump administration seeks to restart flow from world's largest oil ...

Chinese independent refiners are expected to switch to heavy crude from sources including Iran in coming months to replace ...

U.S. crude oil inventories fell by 3.8 million barrels to 419.1 million barrels in the week ended Jan. 2 and were about 3% ...

Discover why local Nigerian oil refineries demonstrate true faith in the nation's downstream sector by risking capital, ...

B.C. Premier David Eby wants Canada to prioritize building refineries, arguing it would keep more value at home, reduce ...

Jaime Brito, executive director of refining and oil products at OPIS, says additional volume of extra heavy crude from ...

Refinery in Benicia won’t produce gasoline after the spring, but plans to import gas to supply California’s hungry market.

The country’s “extra heavy” oil packs some of the highest associated greenhouse gas emissions of any crude oil.

The oil in Venezuela is heavy, sour crude, which is what refineries on the U.S. Gulf Coast process, and there are only a ...

A full-scale resumption of Venezuelan oil exports would benefit refiners in the United States and lower their fuel production costs, with the refineries capable of absorbing most of the roughly 1 ...

Crude prices are low. Companies are being cautious. But huge reserves — particularly of the heavy, viscous oil Venezuela has in abundance — remain appealing.

Energy Secretary Chris Wright said proceeds will be held in US-controlled accounts that he said are intended to flow back to ...