Bahri VLCCs are to handle Red Sea crude exports for Japan’s Taiyo Oil, which is seeking to cut shipping costs. The buyer is switching to shipping out Saudi Aramco barrels on a cost, insurance ...

However, those in Pine Bluff are paying the least at $2.73. Crude oil prices hovering in the range of $60 are leading to favorable prices at the pump for drivers. New data from the Energy ...

U.S. crude oil inventories fell more than expected last week as exports increased, and gasoline stocks declined amid a seasonal pickup in demand, according to data released Thursday by the U.S ...

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Researchers at the Massachusetts Institute of Technology (MIT) have developed a membrane that separates crude oil components by molecular size, potentially reducing the energy required for crude oil ...

“Sable expects to fill the ~540,000 barrels of crude oil storage capacity at (Las Flores Canyon) by the middle of June 2025 and subsequently recommence oil sales in July 2025,” the company ...

This work reports the integration of Real Time Optimization and Model Predictive Control in the multi-layer control structure of an existing Crude Distillation Unit (CDU) of an oil refinery. The MPC ...

(RTTNews) - Crude oil futures moved sharply higher in overnight trading but came under pressure over the course of the trading day on Wednesday. After surging to a higher of $64.19 a barrel ...

Almost 10 years to the day after a massive oil spill fouled the Santa Barbara coastline and prompted the closure of several drilling platforms, a Texas-based company says it has resumed crude oil ...

The price of crude oil has fallen by 17.5% during that period. These savings have not yet passed on to consumers. A significant reason for the crude oil price drop: rising fears of a global ...

Saudi Arabia’s direct crude burn for power generation is likely to rise this summer compared to last year, potentially easing part of the concerns about a global oil glut as the OPEC+ group ...

SINGAPORE, May 20 (Reuters) - Saudi Arabia is expected to burn more crude oil for power generation this summer than last as it ramps up output after OPEC+ eases supply controls and as fuel oil has ...