The U.S. Is Both The World’s Top Oil Producer And Top Consumer

The U.S. remains the world’s top oil producer and consumer, with shale-driven liquids growth widening its lead over Saudi ...
Reuters

Saudi's refining boom helps it weather oil price war

LONDON, May 27 (Reuters) - Saudi Arabia has been cranking up oil refining operations to capture strong profit margins, helping the kingdom offset revenue lost from declining crude prices and exports.
Oil

Crude oil processing in China hit all-time high in 2023

China set a new crude oil processing milestone with an average of 14.8 million b/d in 2023. China crude oil processing (2011-2023). China set an all-time high in crude oil processing with an average ...
Reuters

Russian oil refining rises as US sanctions target crude exports - sources

Russian firms hope to export more products Russia has wider pool of fuel buyers than crude Tankers under sanctions mostly shipped crude Russian diesel sells below G7 price cap, easier to export MOSCOW ...

The OPEC Oil Production Increase Announcement Is The Least Of My Concerns

OPEC's announced 188,000 BOED production increase is immaterial against the scale of global crude demand. Click here to read ...
Oil

Eni boosts gas processing at Ghana offshore project

Eni SPA subsidiary Eni Ghana Exploration and Production Ltd.—on behalf of joint-venture (JV) partners Vitol Upstream Ghana Ltd. (VUGL) and Ghana National Petroleum Corp. (GNPC)—has expanded natural ...
Artnet

Ancient Olive Oil Processing Complex Unearthed in Tunisia

Archaeologists unearthed the Roman Empire’s second-largest olive oil processing complex in Tunisia. The find sheds light on the region’s central role in olive oil production and trade, and in turn the ...