Refiner Phillips 66 can run Venezuelan crude at two U.S. Gulf Coast refineries as production ramps up, Chief Financial Officer Kevin Mitchell said. Mitchell said its Lake Charles and Sweeny refineries ...

A potential deal to sell the trapped crude to the U.S. could initially require reallocating cargoes originally bound for ...

The country could, eventually, attract investment and re-emerge as a force in the oil markets, but many analysts are ...

“This expansion reflects our confidence in Nigeria's future, our belief in Africa's potential, and our commitment to building ...

The two countries both produce heavy oil, which is difficult to refine, and have relied historically on American refineries ...

WTI crude oil (CL1:COM) is ending 2025 near $57.9 a barrel on Wednesday, stuck in a sideways grind after another failed ...

Crude oil is historically very undervalued versus gold, with the gold-to-oil ratio near modern record highs above 70x. Market sentiment may be overly bearish on oil, as commercial traders are nearly ...

U.S. crude oil inventories increased more than expected last week as U.S. production hit a record high and exports fell, according to data released Thursday by the U.S. Energy Information ...

Crude oil fractionation is the primary separation step in a refinery, physically splitting crude into boiling-range cuts for downstream upgrading. It sits at the front of the refining value chain and ...

Refining converts mixed crude oil into specification fuels, petrochemical feedstocks, lubricants, and other products by physical separation, chemical conversion, and product treating/blending. It ...