Gasoline futures were also struggling to close out the week in the black. The Nymex March RBOB contract was off by 2.21cts to $2.0886/gal, leaving it down by nearly 2cts week to week and more than ...

Oil refiners are increasing their efforts to blend renewable feedstocks such as used cooking oil into their crude refining ...

The 10 percent tariff the president said he might impose in March could cause U.S. refineries to cut production and lead to ...

The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has praised the Federal Government for its decision to ban the exportation ...

Slower oil demand growth in 2024 led to less crude oil processed by China’s refineries and fewer crude oil imports compared ...

Many U.S. oil refiners rely heavily on imported crude because their facilities are configured to run heavier grades, such as ...

Canada, which sends nearly all its crude oil to the US, has little leverage as the US buys most of Ottawa’s products.

The Federal Government has banned the export of crude oil meant to meet the needs of domestic refineries in the country, ...

At 12:10 p.m. ET, most-active April NYMEX West Texas Intermediate crude oil fell $1.60 to around $71.50/bbl, and front-month March WTI also slid $1.65 to $71.65/bbl. London-based ICE Brent crude for ...

The Federal Government's Naira-to-crude initiative, aimed at bolstering domestic refining capacity has been marred by inconsistent execution, causing local refineries ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned that it will henceforth deny export permits for ...