US independent refiner Valero has agreed to buy an idled refinery in Houston, Texas, from LyondellBasell for $320.5mn and restart production by the end of 2027.

A tanker transiting outbound through the strait of Hormuz was attacked 25 nautical miles (46 km) northeast of Khasab, Oman, in the late hours of 29 October, according to security agency UK Maritime ...

Mexico's economy grew by 3.2pc in the third quarter of 2026, led by sustained expansion in the agriculture and industrial sectors.

Greenhouse gas (GHG) emissions from the world's major emitters are at or near their peak, research published this week suggests.

Brazilian state-controlled oil and gas company Petrobras launched an open call for long-term biomethane and guarantees of origin (CGOBs) supply, starting in 2027, with a minimum offer of 20,000 m³/d.

The US Department of Energy (DOE) awarded 17mn bl of crude from the US Strategic Petroleum Reserve (SPR) on 28 October as part of the emergency drawdown sanctioned in March by President Donald Trump.

Significantly higher refining margins and a strong gas trading performance helped BP more than quadruple its profit for July-September, its third-quarter results show.

The Association of Southeast Asian Nations (Asean) aims to fully ratify the Asean Petroleum Security Agreement (Apsa) ahead of its summit in the Philippines in mid-November, executive director of the ...

US economic growth accelerated to an annual 3.4pc rate in the third quarter, as stronger investment and a rebound in government spending spurred growth, the Bureau of Economic Analysis (BEA) said ...

Iran's Islamic Revolutionary Guard Corps (IRGC) claimed on 29 October that three oil tankers caught fire and were abandoned after striking naval mines in the "unauthorised route" of the strait of ...

The EU contributed €32.2bn ($35.9bn) in public climate finance to developing nations in 2025, up by 1.8pc on the year, the European Council said today.

Saudi Arabia's 460,000 b/d Satorp refinery is operating at capacity, according to TotalEnergies' chief executive Patrick Pouyanne.