Sharp, rapid swings in the price of oil can have outsize effects on companies, economies, and global geopolitics. Oil price spikes can stunt economic growth, for example, and a sudden price plunge ...

Plan includes lifting Biden's pause on LNG export licenses Trump will seek to expedite drilling permits on federal land Trump to seek to boost sales of offshore oil drilling leases Nov 25 (Reuters ...

Nigeria’s giant Dangote refinery purchased its first shipment of US oil after a hiatus of three months as the site continues to ramp up production. The plant purchased about two million barrels ...

(Bloomberg) -- Nigeria’s giant Dangote refinery purchased its first shipment of US oil after a hiatus of three months as the site continues to ramp up production. The plant purchased about two million ...

Earlier, in 2007, Bunge closed another sunflower oil plant in Oradea. It is one of the three such plants acquired and closed down by Bunge in Romania – the other two being Unirea (Iasi ...

However, it's considered less polluting due to its production from leftovers or plants rather than newly drilled oil, which releases additional greenhouse gases. The aviation industry accounts for ...

HOUSTON, Nov 20 (Reuters) - Oil prices settled lower on Wednesday after U.S. crude and gasoline stocks rose by more than expected last week, but losses were capped by worries about the ...

The African continent is home to five of the top 30 oil-producing countries in the world. It accounted for more than 6.03 million barrels per day in 2023, which is about 8.23% of world output.

Russia's oil refining business could see firms shutter as soon as early next year, due to steep losses that have piled up in recent months, people familiar with the matter told told Reuters last week.

At least three plants have had to dial back or halt production due to steep losses, the report added. Russia's oil refining business could see firms shutter as soon as early next year, due to ...