The suspects were apprehended in Abia State for their involvement in crude oil theft, vandalism, and economic sabotage. A ...

Answering questions, Rosen Zhelyazkov stressed that the Bulgarian government cannot interfere with the plans for the sale of the refinery and the mechanisms for its purchase and sale, but can ban the ...

SOFIA, January 30. /TASS/. Seven companies are bidding to buy Russian oil giant Lukoil’s oil refinery in Bulgaria, the country’s Prime Minister Rosen Zhelyazkov said at a hearing in parliament. The ...

BP p.l.c. is considered a value opportunity among global majors despite underperforming, with potential for growth. Learn more about BP stock here.

Shell’s adjusted earnings fell more than expected, weighed by lower oil prices and refining margins, but the energy major’s cash-flow generation and $3.5 billion share buyback helped shares edge ...

A VLCC owned by George Procopiou’s Dynacom Tankers Management has become the first ship to load crude in Cameroon to feed ...

U.S. oil majors ExxonMobil (XOM) and Chevron (CVX) are expected to report a double-digit decline in profit amid falling energy prices, when they announce Q4 res ...

A Ukrainian drone attack has forced the Novoshakhtinsk oil refinery in Russia’s Rostov region to halt operations.

Shell posted $16.79 billion in full-year profit measured on a net current-cost-of-supplies basis--a metric similar to the net income that U.S. oil companies report. This compares with $20.28 billion a ...

The U.S. has become reliant on their crude, and Canada has ways to limit any financial hit.

“Heavy oil cannot easily be substituted with the light oil that makes up most of U.S. shale oil production; such a switch ...