The energy giant sank the state’s first successful oil well, kicking off a boom that powered California’s economy for more ...

China and Brunei have pledged to work together on oil and gas exploration in the Sea, though a Chinese analyst noted that ...

LEVELLAND — South Plains College and the SPC Foundation will recognize Odessa native Randy S. Wilson as the 2025 Pacesetter honoree at the 27th annual Scholarship Gala. Wilson will receive the award ...

Phillips 66 delivered a substantial miss on earnings due to changing market conditions and strategic shifts.

Marathon Petroleum Corporation MPC is set to release fourth-quarter earnings on Feb. 4. The Zacks Consensus Estimate for the ...

U.S. refineries, with a capacity of 18.4 million barrels per day, play a significant role in international trade—importing ...

Inventory losses occur when crude oil purchased at higher prices is later processed and sold at lower prevailing prices, while forex losses stemmed from currency fluctuations ...

Cracks—the difference between raw material cost (crude oil) and finished product price ... as it refocused on its core competence of fuel sales. Petrochemical volumes also rose seven per ...

Top appointees include David Fotouhi, Mr. Zeldin’s second-in-command, a lawyer who recently challenged a ban on asbestos; Alex Dominguez, a former oil lobbyist who will work on automobile ...

The official Umm Al-Qura newspaper published on Friday the details of the new Petroleum and Petrochemical Law, which was recently approved by the Cabinet. The 22-article law regulates the petroleum ...

The Prime Minister of the Government of National Unity, Abdul Hamid Dbeibah, discussed with the Deputy Executive Director of Production and Operations at British Petroleum, Gordon Birrell, ways to ...

Its dream is to make metals and mining the so-called “third pillar” of the local economy as part of Crown Prince Mohammed bin Salman’s push to diversify beyond oil and petrochemicals. Adding minerals ...