These purchases have not only supported Dangote's operational needs. The decision to import U.S. crude also coincided with unique market conditions, including weaker demand for WTI Midland in Asia due ...

Where does a giant refinery in Nigeria, Africa’s largest oil producer, go to source the raw materials it needs to make fuels for the nation of 228 million people? Try crude fields around Midland ...

A new MIT-developed membrane separates crude oil components by size, not heat, offering a potential 90% energy savings and a significant reduction in CO₂ emissions. MIT researchers have developed a ...

Saudi Arabia wants OPEC+ to continue with accelerated oil supply hikes in the coming months as it puts greater importance on regaining lost market share, according to people familiar with the matter.

HRW Yemen and Bahrain researcher Niku Jafarnia said Wednesday that "the U.S. government's decision to strike Ras Isa Port, a critical entry point for aid in Yemen, while hundreds of workers were ...

Both crude units at bp's Rotterdam oil refinery are offline following a shutdown at one 200,000-bpd unit in the morning of June 3, energy consultancy Wood Mackenzie said. Another 200,000-bpd crude ...

Refiners, including U.S. refining giants, are benefiting from the higher margins, although these margins are far below the record highs seen in 2022 amid the oil market turmoil.

Houston and the Gulf Coast are home to 55 percent of the country’s petroleum refining capacity, and Houston alone helps process about 2.53 million barrels a day of the country’s oil.

Global composite refining margins reached $8.37 per barrel in May 2025, ... Global oil demand growth is set to average 650,000 bpd for the remainder of 2025, ...

Global composite refining margins reached $8.37 per barrel in May 2025, ... Global oil demand growth is set to average 650,000 bpd for the remainder of 2025, ...

OMV Aktiengesellschaft’s majority owned OMV Petrom SA has wrapped scheduled maintenance and restarted production of fuels at its 4.5-million tonne/year (tpy) Petrobrazi refinery in southeast ...

Nigeria's Dangote oil refinery will import at least 5 MMbbl of U.S. WTI crude oil in July, three trading sources said, extending its buying spree after a potential record tally for June. The giant new ...