The escalating conflict in Iran along with another California refinery set to close, are raising concerns that the state's high gas prices could climb even higher.

The Phillips 66 Los Angeles Refinery could be a test case for how the state and local governments should handle refinery closures, experts say.

A drone strike hit oil infrastructure in Bahrain's Ma'ameer industrial area, according to multiple early reports Thursday morning, raising concerns about the vulnerability of Gulf refining assets as regional tensions escalate.

A fire at Petroecuador's Esmeraldas oil refinery, the country's largest, temporarily halted operations after a fire broke out in the charge pumps of one of its units, the state oil company said on Sunday,