Since March, China has been adding close to 1 million barrels per day to its reserves. A new Energy Law mandates private firms to hold more crude, boosting national energy security. With storage ...

Saudi Aramco can maintain crude production at 12 million barrels per day (bpd) for a full year without incurring extra costs, Chief Executive Amin Nasser said, according to Reuters. Speaking at the ...

Saudi Aramco completed a deal to acquire an additional 22.5% stake in Rabigh Refining and Petrochemical Co. (Petro Rabigh) from Sumitomo Chemical Corp. for $702 million. Through the deal, which ...

DUBAI, Oct 9 (Reuters) - Saudi Aramco (2222.SE), opens new tab said on Thursday it had completed the acquisition of a 22.5% stake in its refining and petrochemicals joint venture Petro Rabigh (2380.SE ...

The Ukrainian Defense Forces have conducted another drone strike on one of Russia’s largest oil refineries – the Kirishi Refinery, located in the Leningrad region. Alexander Drozdenko, the region’s ...

1604 ET – Crude oil futures finish down 1% to $61.78 a barrel. It’s the lowest crude futures have been since late May, and makes it roughly 14% they have fallen year-to-date. Oil has declined for ...

Crude oil stocks, not including the SPR, stood at 415.4 million barrels on September 9, the EIA's latest weekly petroleum status report showed. U.S. commercial crude oil inventories, excluding those ...

Plans to turn the polluted Haifa Bay into a clean, green residential and business hub for northern Israel took a step forward Wednesday when Energy Infrastructures, Israel’s national infrastructure ...

Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” The big question ...