MIT’s new membrane could slash 90 percent of energy use in crude oil refining, reshaping one of the world’s most polluting ...

Engineers developed a membrane that filters the components of crude oil by their molecular size, an advance that could dramatically reduce the amount of energy needed for crude oil fractionation.

Crude oil storage demand on The Tank Tiger's platform has almost doubled from May to 3 million barrels for June, Barsamian ...

Kazakhstan’s oil production from April 1 to 28 reached 1.814 million barrels per day , exceeding its OPEC+ quota of 1.473 million bpd by over 340,000 bpd, despite a 3% decline from March’s average.

U.S. shale oil output will flatten out if prices remain where they are now and will start to decline with prices in the $50s ...

Oil dropped over 2% on Thursday as a potential U.S.-Iran nuclear deal raised the prospect of increased global crude supply, ...

Oil dropped over 2% on Thursday as a potential U.S.-Iran nuclear deal raised the prospect of increased global crude supply, ...

Now the group of oil producers might add even more barrels. Raising supplies at time when President Donald Trump’s shifting approach to tariffs has shaken the outlook for the economy and energy ...

Its investments in LNG and Alaska have it on track to generate an incremental $6 billion of annual free cash flow by 2029 (assuming oil averages around $70 a barrel). That positions the company to ...

For Shell, a takeover of BP would be transformative, potentially creating an energy powerhouse producing nearly 5 million barrels of oil and gas per day—surpassing both ExxonMobil and Chevron. The ...

KUWAIT, 9th May, 2025 (WAM) -- The price of Kuwaiti crude oil fell by US$1.48 during Thursday’s trading, settling at US$62.57 per barrel, compared to US$64.05 the previous day, Kuwait Petroleum ...

the world’s two largest oil consumers. Brent crude futures climbed 74 cents, or 1.2 per cent, to $61.86 a barrel, while US West Texas Intermediate (WTI) crude gained 80 cents, or around 1.4 per cent, ...