Malaysia is said to follow a “buy cheap, sell high” strategy in the global oil trade. But what exactly is bought cheaply and sold at higher prices? This article explains.

Despite being the world’s largest oil producer, the United States is facing rising gasoline prices as Middle East tensions ...

The Strait of Hormuz, a critical energy route, is effectively blocked due to the escalating US-Israeli war on Iran, halting tankers traffic and forcing oil producers to cut the oil output. Damaged ...

When oil infrastructure burns, the damage doesn't stop at the battlefield — here's what the science and history tell us.

The Dangote Petroleum Refinery says the recent N100 increase in its petrol ex-depot price was driven by rising global crude ...

Saudi Arabia has shut down operations at the Ras Tanura oil refinery after it was struck by Iranian Shahed-136 drones. The ...

Bahrain’s state oil company, BAPCO, has declared force majeure for its shipments after an Iranian attack on its major refinery caused a massive fire.

A refinery that supplies most of the Serbian market has halted work due to US sanctions imposed on the mainly Russian-owned company NIS over the war against Ukraine. Serbian Oil Industry’s refinery in ...

The Dangote Petroleum Refinery has accused Nigerian upstream oil producers of failing to supply crude oil to the facility as required under the country’s petroleum law, forcing ...

The national contract covering roughly 30,000 oil refinery workers across the United States expires at midnight Sunday morning. These workers account for approximately two-thirds of total US refining ...

The American claim on Venezuela’s oil means even more of it could come to a huge Chevron refinery in Mississippi. Neighbors worried about pollution want the company to move them out. The American ...

The Federal Government, through the Nigerian National Petroleum Company Limited, has begun moves to secure crude oil supply for the Dangote Petroleum Refinery through third-party international traders ...