Saudi Arabia is offsetting some oil revenue losses from falling crude prices by ramping up refinery operations and exporting record-high volumes of refined petroleum products. Despite higher refining ...

India continues buying discounted Russian oil despite Western sanctions, then exports refined petroleum products to Europe, ...

Crude oil inventories decreased last week by 3.4 million barrels as exports increased and refineries ran at a higher rate, said the EIA.

By Tatyana Kekic in Belgrade Serbia’s sole oil refinery in Pančevo suspended production on December 2 after US sanctions ...

Reliance Industries Ltd has said it has halted the use of Russian crude at its export-only refinery in Jamnagar, Gujarat, as the company moves to comply with Eu ...

Kazakhstan's energy ministry has unveiled a plan to more than double its oil refining capacity to 40 million tons annually by ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Cierra Murry is an expert in banking, ...

India's Russian oil imports are set to hit their lowest in at least three years in December, down from multi-month highs in ...

CREA’s data states that these 4 countries purchased petroleum products worth $1.12 billion from India and Turkey; Of the total, petroleum products worth around $510 million were processed from Russian ...

The US government jolted energy markets when it announced sanctions on Russia’s two biggest crude oil producers on Oct. 22.

Mukesh Ambani-led Reliance Industries Ltd (RIL) has stopped import of Russian crude oil into its Special Economic Zone (SEZ) refinery in Jamnagar, Gujarat, with effect from November 20, the company ...

U.S. refineries' capacity utilization was forecast to have increased by 0.7 percentage point, to 93%, in a Wall Street Journal survey with analysts. "U.S. Crude-Oil Stockpiles Declined, Analysts Say" ...