Africa is set to add 1.2 million barrels per day (bpd) of new refining capacity by 2030, marking one of the fastest downstream expansions globally, according to the newly released 2025 OPEC World Oil ...

Crude oil prices are following Chinese growth with a one-year lag, and the same holds good for prices of corn, soyabean and ...

In North Africa, Algeria, Libya, and Egypt are advancing projects to improve margins, enhance domestic supply security, and ...

WTI price gains traction to near $63.40 in Monday’s Asian session. Waning prospects for an immediate Russia-Ukraine peace ...

Trump has also targeted Brazil with a 50 per cent tariff over what he has termed as a “witch hunt” against former Brazilian ...

China Concord Resources Corp has begun developing two Venezuelan oilfields, planning to invest more than $1 billion in a project to produce 60,000 barrels per day of crude oil by end-2026, an ...

Asharq Al Awsat Iraq has raised its oil refining capacity to 1.3 million barrels per day from 1.1 million bpd in 2024, the prime minister's office said in a statement on Sunday.The OPEC member aims to ...