Crude oil cannot be used directly and must go through refining. At refineries, it is separated into petrol, diesel, kerosene ...

U.S. refineries can process shale oil, but economics—not capability—drive imports and exports. Here’s why the system works ...

European oil refining margins have turned negative, lagging stronger margins ‌in Asia and the U.S., as competition for crude ...

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 ...

WTI, Brent and Dubai oil are the three major oil benchmarks that serve as reference prices for traders. Meanwhile, the ...

Texas Tech professors explain why gas prices are so high despite Texas being a major producer, fracking and oil economics.

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 ...

U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at ...

As war disrupts global energy markets, Beijing's network of small, scrappy oil refineries is quietly keeping the lights on, ...