The Bohai 26-6 Phase I project has begun production and aims to peak at around 22,300 barrels of oil equivalent daily by 2025 ...

The Dangote Petroleum Refinery says it has raised daily production to 85 per cent of its 650,000 barrels per day capacity, hoping to hit full capacity in the next 30 days.Officials of the firm, ...

Ukraine has targeted two of Russia's oil refineries in drone strikes in an effort to bankrupt their ability to continue ...

Refiners are awaiting clarity and preparing for U.S. President Donald Trump's threatened tariffs on crude imports from Canada and Mexico. Trump said on Friday that he would lower threatened tariffs on ...

Nigeria’s cost of producing crude oil has risen to about $40 per ... it has identified many factors contributing to the high production costs. Many facilities, pipelines, and storage systems ...

Nigeria spends not less than N1.57tn on crude oil production monthly, translating to about N18tn annually, a development which industry operators described as too high, The PUNCH reports.Data ...

Crude prices also came under pressure after a tanker departed Russia's Ust-Luga port with crude Friday, suggesting limited impact from Ukraine's drone strike on the facility. Limiting losses in ...

Many U.S. oil refiners rely heavily on imported crude because their facilities are configured to run heavier grades, such as ...

NEW YORK (Reuters) - Many U.S. oil refiners rely heavily on imported crude because their facilities are configured ... Phillips 66 said there could be production cuts in the U.S. Midwest and ...