The Group of Seven industrialized countries, the European Union and Australia on Friday agreed to limit the price of Russian diesel and other refined petroleum products. The EU and its G-7 allies on ...

The US exports some oil products, but it still imports crude — and global markets ultimately determine what Americans pay at the pump ...

During first-half 2023, US exports of petroleum products grew 2% compared with the same period in 2022, reaching nearly 6 million b/d, according to data from the US Energy Information Administration.

Prime Minister Shehbaz Sharif on Friday decided that the prices of petroleum products would not be increased this time despite the uptick in the global oil market. According to a statement issued by ...

By Ismail Shakil and Gleb Bryanski March 13 (Reuters) - The United States issued a 30-day waiver for countries to buy sanctioned Russian oil and petroleum products currently stranded at sea, in what ...

As the US–Israel war on Iran escalates, so too does the global oil crisis. The effective closure of the Strait of Hormuz, through which roughly 20% of the world’s oil and natural gas flows, and the ...

Directs the finance and petroleum ministers to visit provinces and prepare the strategy in coordination with the provincial governments.

China’s biggest coal mining company will invest some $24 billion in the construction of a facility for the conversion of coal into petroleum products in a bid to reduce an expected excess in the ...