Venezuela-owned U.S. refiner Citgo Petroleum registered net income of $100 million in the second quarter versus a $25 million ...

Venezuela-owned U.S. refiner Citgo Petroleum registered net income of $100 million in the second quarter versus a $25 million ...

This move comes amid a complex auction process designed to settle debts owed by Venezuela and its state oil company PDVSA to 15 creditors.

Occidental Petroleum is focused on growing, with the help of Warren Buffett, as it looks to compete with the industry's ...

Petroleum is a naturally occurring liquid found beneath the earth’s surface that can be refined into fuel. Petroleum is used as fuel to power vehicles, heating units, and machines, and can be ...

A Phillips 66 refinery in Wilmington is slated to close by the end of the year and a Valero facility in Benicia announced ...

As Nigeria’s midstream and downstream oil sectors evolve, stakeholders are divided over competition concerns, warning that the dominance of Dangote’s refinery could stifle fair play. Others argue that ...

The NYMEX September West Texas Intermediate oil contract was 89cts lower at $62.28/bbl and October WTI was down by about the same to $61.59/bbl at about 11:30 a.m. ET. The October Brent crude contract ...

Occidental Petroleum ( OXY -1.10%), also known as Oxy, is an energy company specializing in oil and natural gas exploration, ...

FLO Petroleum has lost US$39 931 to its two employees through fraud. FLO Petroleum has lost US$39 931 to its two employees ...

SET-listed Bangchak Corporation has yet to decide whether to re-enter the petroleum business in Asia, though it is ...

The Dangote Refinery has fierce competition that pulls the lever of petrol distribution and depot prices across Nigeria. From ...