An international research has developed a membrane technology that could significantly reduce the energy required for crude ...

For a mega-refinery in Ulsan, South Korea, a top exporter of jet fuel to the West Coast of the United States and other places ...

U.S. Treasury Secretary Scott Bessent discusses current trends in oil and gas markets, noting decreasing prices and robust supply. He details the positive impact of president's tax policies, such as ...

Most oil producers in the Middle East will see their crude oil production surge by double-digit percentages next year, rebounding from this year's shut-ins due to the Iran war and the closed Strait of ...

The cartel’s move to increase output by 188,000 barrels per day is largely symbolic, with vast amounts of the world’s oil stranded by the effective shutdown of the Strait of Hormuz. By Lisa Friedman ...

Kuwait Petroleum Company expects it will take considerably longer to restore oil production than many traders appear to assume if the Strait of Hormuz reopens in the coming days. Speaking at the S&P ...

First explicit acknowledgement by a Russian official of lower output Ukraine has stepped up attacks on Russian refineries Export infrastructure at full capacity ST PETERSBURG, June 4 (Reuters) - ...

LONDON, June 3 (Reuters) - Kuwait could restore nearly 70% of its oil production within six to eight weeks after the Strait of Hormuz reopens, Kuwait Petroleum Corporation's managing director for ...

A new class of ultrathin polymer membranes, dubbed Polymers of Locked Intrinsic Microporosity (PLIMs), ...

OPEC+ agreed on Sunday to a fourth increase in its oil output targets in as many months, even though the U.S. war with Iran is still preventing several of the group's members from pumping more. The ...

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. The United States is producing more oil than any country in the world.