Private oil processors in China have slashed their operating rates to levels last seen at the beginning of the pandemic, as U.S. sanctions on Russia cut a key source of crude supply.

Integrated oil giants ExxonMobil and Chevron are in their ... $2 billion to $3 billion by 2026 while maintaining a low-cost, high-margin production portfolio. Exxon and Chevron are avoiding ...

industry watchers expect the Trump administration’s economic and energy policies to put downward pressure on oil prices. If strictly implemented, his plans to impose high tariffs on ...

An increase in the refinery utilization rate and/or a high rate can put downward pressure on pump prices, and an increase in gasoline stocks can put downward pressure on pump prices. Oil market ...

Residents of a community in Weihai, Shandong province, are experiencing a warmer, more comfortable winter this year thanks to the introduction of nuclear-powered heating, a key step in the ...

SINGAPORE, Jan 20 (Reuters) - China's crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023 ... as both groups are under pressure from thinning margins ...

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Cheap cargoes and weak refining margins boosted China’s crude oil ...

25, 2024. (Jeffrey Andree/Massachusetts General Hospital via AP) WASHINGTON (AP) — Nothing doctors prescribed controlled Michael Garrity’s dangerously high blood pressure — until they zapped away some ...

It is a fictional representation created for illustrative purposes only. A tanker affected by recent U.S. sanctions has delivered Russian oil at a port in east China's Shandong province, according to ...

NAIROBI, Kenya Jan 17 – President William Ruto on Friday held talks with Shandong Linglong Company chairman Wang Feng, who is planning to set up a factory in Kenya to serve the African market. In the ...

The oil giant BP is cutting thousands of jobs, the company announced on Thursday. In a statement sent to Business Insider, it said some 4,700 positions would be eliminated, while the number of ...