US independent refiners ran refineries at near capacity and margins tripled in the third quarter, as they reaped the benefits from war-related supply disruptions.

The chief executive of Abu Dhabi's state-owned Adnoc, Sultan al-Jaber, warned today that the world's energy supply buffers have been all but "eroded" as governments have been forced to draw on their ...

Growth prospects for the top oil field services providers are improving heading into 2027, driven by international expansion in offshore developments, renewed exploration and efforts to boost ...

Incumbent Luiz Inacio Lula da Silva's surprising win in Brazil's presidential election is likely to mean a steady course for the country's hydrocarbons agenda and the strategy of state-controlled ...

Indonesia is expected to maintain its strategy of tight control over work plan and budget (RKAB) mining quotas for its key resources, including coal and nickel, to avoid overproduction and ensure that ...

TotalEnergies has signed agreements with Malaysian state-owned Petronas, Thai state-controlled PTTEP and Kuwait's Kufpec to buy a 30pc operated interest in the Lang Lebah and B14 gas fields, the firm ...

A core group of seven Opec+ producers have again chosen to keep their crude production quotas unchanged, as the US-Iran war continues to disrupt supplies from several members.

US economic growth accelerated to an annual 3.4pc rate in the third quarter, as stronger investment and a rebound in government spending spurred growth, the Bureau of Economic Analysis (BEA) said ...

US independent refiner Valero has agreed to buy an idled refinery in Houston, Texas, from LyondellBasell for $320.5mn and restart production by the end of 2027.

The US is looking at "some opportunities" to help re-open refineries that have been shut within the past decade, secretary of energy Chris Wright said today.

A fire broke out near Saudi Arabia's Ras Tanura oil export terminal early on Tuesday, a source with knowledge of the matter said. Yemen's Houthi rebels shortly afterwards claimed an attack on the ...

Iran's Islamic Revolutionary Guard Corps (IRGC) claimed on 29 October that three oil tankers caught fire and were abandoned after striking naval mines in the "unauthorised route" of the strait of ...