Nigeria’s near five-decade struggle with fuel queues has finally ended, according to Africa’s richest man and President/Chief Executive of Dangote Petroleum Refinery, Aliko Dangote. Speaking in Lagos ...
Marathon Petroleum shares jumped 6% after routing expectations for Q4 adjusted earnings and revenues, as refining margins ...
For 2026, planned capital investment in refining is $700 million, a nearly 20% reduction year-over-year, with further reductions anticipated in 2027 and 2028. Turnaround expenses are expected to be $1 ...
El Segundo, CA - October 03: An aerial view of Chevron crews attempting to extinguish a large fire and explosion that occurred at Chevron Refinery in El Segundo Friday, Oct. 3, 2025. (Allen J. Schaben ...
Nigeria’s persistent dependence on imported petrol has become one of the most expensive contradictions in its energy economy. Despite vast crude oil reserves and growing domestic refining capacity, ...
(Reuters) -Chevron's 285,000-barrel-per-day El Segundo refinery in Southern California was mostly down on Friday after a large fire erupted in a jet fuel production unit, disrupting supply in the ...
Marathon Petroleum delivered a decisive fourth-quarter earnings beat as sharply higher refining margins and strong utilization rates drove profits well above Wall Street expectations.
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