Oil majors are suffering after eight OPEC+ countries unexpectedly agreed to increase oil output in May, while tariffs imposed ...

Oil will likely fall to the low $60-a-barrel range — levels last seen in 2021 — as markets remain oversupplied, Macquarie ...

Pakistan's oil refineries have warned the regulator that over-reliance on imported fuels without properly prioritising local production will heighten risks to the energy supply chain and may cause ...

The United States has imposed sanctions on a China-based refinery for purchasing $500 million worth of Iranian oil. The oil was reportedly transported by Iran's shadow fleet. This move is part of ...

The United States on Thursday sanctioned a China-based oil refinery that purchased Iranian oil worth around $500 million from Huthi-linked ships, as the White House ramps up pressure on Iran.

The US Treasury on Thursday issued new Iran-related sanctions, targeting entities including for the first time a Chinese “teapot”, or independent refinery, and vessels that supplied crude oil ...

The distillation tanks of Sudan's biggest oil refinery lie blackened on the ground after it became a battleground in the devastating war between the country's rival generals.. Photo: Ebrahim Hamid / ...

March 20 (UPI) --Federal officials have sanctioned a Chinese oil refinery, as well as an oil storage facility and their owners to cut off Iranian revenues from illicit oil sales that violate ...

Al-Jaili (Sudan) (AFP) – The once-pristine white oil tanks of Sudan's largest refinery have been blackened by nearly two years of devastating war, leaving the country heavily dependent on fuel ...