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.

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 ...

As Nigeria’s midstream and downstream oil sectors evolve, stakeholders are divided over competition concerns, warning that ...

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

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

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 ...

Ahmad Ibrahim says the state has been producing oil and gas since the discovery of oil in 1910, before Malaysia was formed, ...

Bharat Petroleum Corporation Limited (BPCL) reported a sharp rise in earnings for the April–June 2025 quarter, with consolidated net profit jumping 141% year-on-year to ?6,839 crore (about $820 millio ...

Phoenix Petroleum Philippines Inc. said Wednesday it is close to finalizing a debt restructuring program to improve its ...

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