At 433.6 million bbl, US crude oil inventories are about 5% below the 5-year average for this time of year, the EIA report indicated.

“Crude oil is a resource with immense potential beyond fuels,” says Edwin Guevara Romero, a researcher in the labs of Mani Sarathy, who led the work. “Using oil residues as feedstocks for carbon ...

Nigeria's Dangote oil refinery issued a tender on Tuesday to sell 128,000 metric tons of residual fuel oil in April, ...

Uganda on Saturday signed an oil refinery agreement with UAE-based Alpha MBM Investments for a 60% stake in crude oil refinery in Kabaale, Hoima District, President Yoweri Museveni's office said in a ...