Freezing temperatures slam Texas refineries, oil production plummets

Winter storm forces shutdowns, flaring and production losses across the state.

S-Oil Returns to Annual Profit as Refining Margins Strengthen -- Update

S-Oil appears well-positioned to benefit from strong refining margins that could persist through 2030, given that it derives a larger share of revenue from refining than any of its local peers, Korea ...

Return of Venezuelan crude could cut US fuel oil imports

By Anushree Mukherjee and Enes Tunagur BENGALURU/LONDON Jan 27 (Reuters) - U.S. demand for imported fuel oil is set to fall ...

Oil climbs as winter storm hits production and refineries in the US

By Anna Hirtenstein LONDON, Jan 27 (Reuters) - Oil prices edged up on Tuesday as a massive winter storm hit crude production ...

South Korea's S-Oil posts Q4 profit surge, says Q1 refining margins to stay robust

By Seoyun Kang and Joyce Lee SEOUL, Jan 26 (Reuters) - South Korea's S-Oil said on Monday it had logged a 91% surge in fourth ...

India's HPCL Seeks Venezuelan Crude to Boost Heavy Oil Processing at Refineries

GOA, India, Jan 27 (Reuters) - India's state-run ‌Hindustan ​Petroleum Corp Ltd is ‌seeking Venezuelan crude for the first ...

Phillips 66: Finally Positioned For A Refining Up-Cycle (With A Venezuela Kicker)

Phillips 66 refining rebounds on lower costs, record utilization, and cheap heavy crude. See why I rate the PSX stock a Hold.

Morgan Stanley Updates Chevron (CVX) Valuation on Lower Oil Price Assumptions

Chevron Corporation (NYSE:CVX) is included among the Best Low Risk Stocks for a Retirement Stock Portfolio. Morgan Stanley ...
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Vučić on NIS: Diesel from newly processed oil at the refinery is already appearing on the market

Serbian President Aleksandar Vučić stated that the refinery in Pančevo must operate and that this obligation is included in ...