Britain's insolvent Lindsey oil refinery faces shutdown within three weeks with the current 1.8 million barrels of crude it has in storage, consultancy Wood Mackenzie told Reuters on Friday.

On a quiet trading day, oil prices moved slightly lower due to expectations of another output hike from OPEC+ when the group meets on Saturday.

The oil markets continued to see a lot of back and forth, but in the shortened holiday session on Friday, we saw the market ...

The oil market continues to see a lot of noisy trading, but at the point it looks like we are going to do whatever we can to ...

Oil prices remained largely unchanged on Friday as fresh U.S. employment data supported expectations that the Federal Reserve may hold interest rates steady. Meanwhile, uncertainty over President ...

India’s oil & gas sector is set for a strong Q1FY26, with EBITDA likely to rise 17 per cent YoY, led by robust refining ...

Ecuador’s state-owned oil company Petroecuador has declared force majeure after heavy rains affected operations at the ...

Iraq developed 113 oil wells in the first half of 2025 as it pushed ahead with plans to expand its crude output capacity by more than 50 percent. The developed wells include 27 newly drilled producing ...

The first half of the year saw significant oil price volatility influenced by U.S. trade policies, OPEC+ production decisions ...

American refiners are relying more heavily than ever on domestic shale oil, consuming the lightest blend of crude on record, Bloomberg writes.  With supplies of heavier crude from Mexico declining and ...

Gas prices are hovering near their lowest summer level in four years as millions of people ready themselves to hit the roads ...

When the French oil major TotalEnergies SE was struggling to find a buyer for the Lindsey oil refinery in England back in ...