Chinese oil and gas giant PetroChina reported on Wednesday a record-high profit for the first half of 2023, as its refining business recovered after the reopening and oil and gas production increased.

The U.S. has transformed global markets by growing into the world’s largest crude oil producer ... relating to a review of its Gelsenkirchen refinery in Germany.

(Reuters) - Valero Energy Corp said on Wednesday it was taking a $1.1 billion pre-tax impairment related to its California refineries and told state regulators it would permanently shut or ...

Refinery turnaround activity is also set ... Shell, for its part, expects its LNG production and trading and oil trading businesses to book significantly lower results for the fourth quarter ...

For more than a century, the sprawling Phillips 66 oil refinery complex has dominated a vast tract of southern Los Angeles County. Its massive fuel storage tanks, distillation towers and sprawling ...

The move comes as refiners face growing regulatory and cost pressures in California, the largest U.S. gasoline market, where the state's emissions targets and proposed refinery transparency rules ...

BP expects to book an impairment of up to $2 billion for the second quarter, and warned that its oil-trading earnings will take a hit of up to $700 million from lower refining margins. The British ...

The move comes as refiners face growing regulatory and cost pressures in California, the largest U.S. gasoline market, where the state's emissions targets and proposed refinery transparency rules ...