Many U.S. oil refiners rely heavily on imported crude because their facilities are configured to run heavier grades, such as ...

U.S. President Donald Trump has set a Saturday deadline for imposing 25% tariffs on imports from Mexico and Canada unless the ...

All else equal, this would increase gasoline prices, which in most of the country have averaged $3 per gallon for the past ...

There's a possibility that ULSD futures can eke out a gain for the week, with the lightly traded February contract climbing 2.26cts to $2.50/gal, about 0.6% lower than a week earlier. March prices ...

U.S. crude oil inventories increased for the first time in 10 weeks, beating analyst’s expectations, as exports fell and ...

Canada warns US tariffs on Canadian oil could force America to rely on oil from Venezuela, a country the US avoids.

Richard Grenell, one of Donald Trump’s closest advisors, is set to meet with Venezuelan President Nicolás Maduro this Friday ...

Oil rose in late trading after US President Donald Trump said the US would impose tariffs on imports of crude, a move that threatens to disrupt flows across North America’s tightly integrated energy ...

Oil prices fell on Wednesday, following a rise in U.S. crude stockpiles and easing worries over Libyan supply, while focus ...

There is a raging concern that the Naira-for-Crude initiative, which ensures local refineries receive crude oil in Naira and ...

The move to redirect some crude oil initially allocated for export may increase the oil and gas trade deficit, experts warn, ...

Crude oil consumption and imports are projected to increase further due to increased demand for petroleum fuels and products.