Victor Adetimilehin

China’s gasoline exports plummeted 35.7% in July as weak profit margins led refiners to cut operations and prioritize higher-margin fuels like jet fuel.

Oil prices dropped nearly 2% amid concerns over weakening demand from China and ongoing tensions in the Middle East, capping a volatile week in global oil markets.

US solar manufacturers seek retroactive tariffs on imports from Vietnam and Thailand, citing a surge in shipments amid trade investigations into unfair practices.

Chevron agrees to a $550 million settlement with Richmond, California, avoiding a proposed tax on its refinery and securing a decade-long financial commitment to the city.

The Texas Railroad Commission faces increased scrutiny as reactivated “zombie wells” leak toxic substances, highlighting the regulatory failures amid the Permian Basin drilling boom. Environmental and safety risks continue to …

Global jet fuel demand is softening due to tightening travel budgets and improved fuel efficiency, leading to concerns about the broader impact on oil prices. With economic challenges in key …

Ukraine has approved a $20 billion plan to expand its renewable energy sector, aiming to increase renewables to 27% of the energy mix by 2030 amidst ongoing conflicts with Russia.

Oil prices dropped as fears of a broader Middle East conflict subsided, with Iran holding back on its threats against Israel. Market analysts point to a reduced geopolitical risk premium …

OPEC has reduced its 2024 global oil demand growth forecast due to weaker-than-expected demand from China, complicating decisions for the OPEC+ group on whether to increase production later this year.

Chevron has reached a groundbreaking milestone by producing oil from the Anchor field in the Gulf of Mexico under ultra-high pressure conditions, setting a new standard in deepwater extraction technology.