Crude oil production in the US soared to a record 12.9 million barrels per day in 2023, up by 158% since 2008, when fracking started becoming a significant factor. The surge in production in 2022 and ...

The oil will be delivered to the Bryan Mound Strategic Petroleum Reserve site near Freeport, Texas, in December and January, the Energy Department said in a statement.

On February 5, 2023, the G7 announced that the “price cap” on western-backed seaborne trades of Russian-origin petroleum products to third countries would be set at $45 per barrel ($45/bbl) for ...

Lawmakers are poised to reinstate a decades-old fee on oil imports, though some critics say that would violate President Biden’s pledge not to raise taxes on anyone making less than $400,000. The ...

On 6 October 2022, the EU adopted its eighth sanctions package against Russia. 1 It includes a ban on the maritime transport to third countries of Russian crude and petroleum oil products, subject to ...

India's petroleum product exports dropped 21% MoM to 1.25 million barrels per day (mbd) in October, driven by a post-sanction drop in Nayara Energy's exports and the redirection of fuel to the ...

The recent strength in the oil market has been driven by refined products, with gasoline and gasoil cracks surging amid ...

China’s biggest coal mining company will invest some $24 billion in the construction of a facility for the conversion of coal into petroleum products in a bid to reduce an expected excess in the ...

The removal of a number of petroleum products from the sanctions list legalizes ‘gray’ fuel supply schemes which have been in place for a long time already, the Deputy Prime Minister stressed MOSCOW, ...

In the ever-evolving landscape of workplace safety, a paradigm shift is underway. Human and Organizational Performance (HOP) represents a natural progression of the safety management system model and ...