The oil giants that for years reined in fossil-fuel spending and showered investors in cash are warning the Iran war is severely tightening global oil supplies—and they are in no hurry to change ...

Kazakhstan plans to build a new large refinery and boost existing refining capacity to more than double its crude processing capacity by 2040, Energy Minister Yerlan Akenzhenov said on Tuesday. Last ...

The Minerva Gloria is docked at a wharf in the Mississippi Sound, not far from the US's vast oil reserves in the Gulf of Mexico. The ship, 820ft (250m) long, painted navy and burgundy, is carrying ...

Airline stocks have taken a beating since Iran war sent oil prices surging. A prolonged hike in fuel costs could hit travelers. Tickets on Atlanta-based Delta and other airlines could rise with a ...

After decades of stagnation in the U.S. refining sector, a significant shift may be underway. The newly announced oil refinery at the Port of Brownsville, Texas, could become one of the first major ...

Trump’s push to lure U.S. oil majors back to Venezuela largely fell flat, with Exxon and ConocoPhillips calling the country uninvestable under current laws and citing past expropriations. Venezuelan ...

Forbes contributors publish independent expert analyses and insights. David Blackmon is a Texas-based public policy analyst/consultant. “A new Refinery at the Port of Brownsville, will fuel U.S.

President Donald Trump has announced that a new oil refinery will be built in Brownsville, Texas. It will be the first major new U.S. refinery of its type in approximately five decades. Trump made the ...