The country could, eventually, attract investment and re-emerge as a force in the oil markets, but many analysts are ...

The gradual lifting of sanctions is expected to facilitate the return of US oil majors to Venezuela, paving the way for new ...

Diesel doesn't magically come out from underground — it's engineered through a complex refining process that involves many ...

Local refinery companies have demonstrated true faith in Nigeria’s downstream sector by committing billions of dollars to fixed refining assets, taking ...

“This expansion reflects our confidence in Nigeria's future, our belief in Africa's potential, and our commitment to building ...

Venezuela could lose the bulk of its oil export revenues this year if the U.S. blockade stays in place, according to internal ...

The US-based petroleum refineries company plans to integrate Prax Lindsey Oil Refinery with its Humber Refinery in the same ...

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Venezuela sits on 303 billion barrels of oil—more than Saudi Arabia. So why does it pump less than 1% of global supply? The ...

The Dangote Petroleum Refinery has reiterated that it continues to produce petroleum products even as routine maintenance is ...

U.S. crude oil and product stockpiles were expected to have risen last week, a preliminary Reuters poll showed on Monday.

There is a gradual increase in ex-depot prices of petrol, following a planned maintenance and upgrade activities at the ...