Together, countries affected by those conflicts produced about 45 million barrels per day of oil based on 2025 output, accounting for more than 43% of global supply.

Russia is set to extend its diesel export ban through September as fuel shortages persist in the domestic market, with a number of refineries still idle following repeated Ukrainian drone attacks, ...

Six European Union countries want the 27-nation EU to discuss in September a mechanism to tax windfall profits of oil companies triggered by Iran's blockade of the Strait of Hormuz, a letter by their ...

At least 19 people were being treated in hospital and more than a hundred more suffered injuries after a fire broke out on Tuesday at a gas chemical complex under construction in Russia's Far East, ...

A fire that broke out at the Atyrau oil refinery in western Kazakhstan has since been fully extinguished, the plant's management said in a statement. There were no casualties and the facility is ...

Japan's biggest refiner, Eneos Corp, restarted a 155,100 barrels-per-day crude distillation unit at its Chiba refinery near Tokyo on August 12 after an unplanned shutdown, a company spokesperson said ...

Oil major Shell has drawn interest from potential bidders, including ExxonMobil ​and LyondellBasell, for its U.S. chemical assets ‌that could fetch up to $8 B, the Financial Times reported on Monday.

Olin Corporation and Huntsman Corporation announced that their respective shareholders have approved the proposals necessary to complete the companies' previously announced all-stock merger of equals.

Seaborne petroleum product exports from Nigeria have grown seven-fold since 2023, playing an increasing role in the ...

U.S. refineries’ ability to sustain today’s elevated operating rates for months, or potentially years, could mean the difference between an exceptionally tight global fuel market and a full-blown ...

Mitsubishi Chemical Corporation (collectively, the "six companies") have been selected by the Japan Organization for Metals ...

Asia's refined products markets remain stressed, as shown by sharply lower volumes and extremely elevated refining margins.