Business

US refinery configurations optimized for specific crude types face matching challenges with Venezuelan heavy oil despite arrangements for Venezuela supplying oil to the US indefinitely. Not all American refineries can …

American oil companies are offering little public support for President Trump’s assertion that they’re prepared to invest billions in Venezuela’s oil sector. The president’s confident declarations about corporate involvement in …

The global crude industry closed 2025 with its most severe yearly decline since the coronavirus pandemic, recording losses nearly 20% in magnitude. The petroleum sector confronts a never-before-seen phenomenon: three …