U.S. crude oil production rose by 211,000 barrels a day, to just under 13.9 million barrels a day, the highest on record, according to EIA estimates. Crude imports were down by 703,000 barrels a day, ...

New US sanctions on major Russian oil firms Rosneft and Lukoil are likely to lead India to halt crude oil procurement from Russia, which constituted over 36% of its imports this year. Indian refiners ...

Crude oil storage and transportation bridge production with refining and export, preserving quality, ensuring custody-transfer accuracy, and moving volumes safely, reliably, and cost-effectively from ...

Refining converts mixed crude oil into specification fuels, petrochemical feedstocks, lubricants, and other products by physical separation, chemical conversion, and product treating/blending. It ...

The U.S. saw a large drop in crude oil inventories last week as exports almost doubled from the week before and imports fell, according to data released Wednesday by the U.S. Energy Information ...

U.S. crude oil inventories decreased more than expected last week as imports fell and exports rose, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude ...

Chevron has dispatched the first two Venezuelan crude cargoes to the U.S. since Washington restored its license to operate in the sanctioned nation last month. The Mediterranean Voyager and Canopus ...

Chevron expects to deliver an additional $12.5 billion in annual free cash flow starting next year. ConocoPhillips now expects to boost its annual free cash flow by $7 billion by 2029. The additional ...

Cleaner crude oil is now being delivered to the port of Ceyhan in Turkey after the earlier lifting of contaminated cargoes, according to UK oil major BP. The company said barrels arriving at the ...

Currently the typical way that crude oil is processed involves a fractional distillation column, in which heated crude oil is separated into the various hydrocarbon compounds using distinct boiling ...