South American nation’s tar-like oil is what many Gulf coast facilities were built for but ramping up production to 3m barrels a day will be a long game ...

Gholamhossein Ramezanpour stated that this production growth is due to improved process conditions in gasoline production units, increased pressure in these units, and the utilization of new ...

Venezuela claims to have more than 300 billion barrels in the ground, but it is only producing about one million barrels a ...

For oil markets, Venezuela is a footnote in an age of abundance. For Middle East, the US move is a dangerous reminder.

Oil dominates every aspect of our lives. It fuels our cars, it is used in the production of our plastic goods, the electricity for our homes and factories and can even be found in the fertiliser for ...

As an ever-increasing number of countries consider exploiting their shale gas resources, and researchers scramble to understand what a production boom could mean for the climate, two new pieces of ...

Gasoline markets in Africa and nearby regions are tightening as the biggest refinery in Africa, the Dangote plant in Nigeria, has slashed crude oil purchases in recent weeks amid operational ...

For half a decade, researchers have tried to answer the question of how much methane escapes from natural gas wells into the atmosphere. The recent emergence of fracking and shale gas has brought the ...

Prospex Energy PLC (AIM: PXEN), the AIM quoted investment company focused on European gas and power projects, is pleased to announce the start of gas production from the Podere Maiar-1 ("PM-1") gas ...

The recent decline in gasoline prices is primarily attributed to surging global oil supply, softer-than-expected demand, and swelling oil inventories, rather than the pro-energy policies of any single ...