U.S. refineries can process shale oil, but economics—not capability—drive imports and exports. Here’s why the system works ...

Chevron is now importing 250,000 barrels of crude per day from Venezuela.

WTI, Brent and Dubai oil are the three major oil benchmarks that serve as reference prices for traders. Meanwhile, the ...

Trump announced a Texas refinery with investment from Reliance, the first such US project in 50 years. Jamnagar's world-leading Nelson Complexity Index may explain why RIL was chosen ...

Bangladesh is pursuing an agreement with India to process Russian crude oil at Indian refineries and import the refined fuel ...

Oil is never just oil. In its crude form, it is merely potential — latent energy waiting to be transformed. Only through the ...

European oil refining margins have turned negative, lagging stronger margins ‌in Asia and the U.S., as competition for crude ...