The Latest Breaking News from Petroleum

Russia's Black Sea port of Taman is poised to suspend exports of highly-explosive liquefied petroleum gas (LPG) because of concerns linked to drone attacks, three sources with knowledge of the situation told Reuters on Friday.

Kuwait Petroleum Corporation CEO says outlook for China’s oil consumption ‘encouraging’ despite headwinds.

Exclusive: Party leader says the reform is ‘weak’ and ‘not worth the napkin it was written on’, accusing government of bending to gas lobby

The E2E International 100 features the 100 fastest-growing companies in the UK, who have made their mark in the international marketplace. Now, in association with The Independent, E2E reveal the companies that are topping this prestigious list as Prax Petroleum Limited, Argent Energy Limited and OS Phoenix Holdco Limited.

The Consortium of Indian Petroleum Dealers (CIPD), a body representing over 60,000 fuel outlets across the country, has urged dealers not to turn away customers who pay using ₹2,000 notes and, instead, handle them on a case-by-case basis to avoid complaints

Nigeria has opened an oil plant billed as Africa's largest refinery. Outgoing President Muhammadu Buhari inaugurated the new facility in Lagos, calling it a "game-changer". With a capacity of 650,000 barrels a day, the $19 billion plant built by Aliko Dangote – Africa's wealthiest man – could help Nigeria's drive…

Chinese petroleum giant Sinopec has signed an agreement with Sri Lanka to enter its retail fuel market

Nigerian President Muhammadu Buhari has opened Africa’s biggest oil refinery, with hopes it will help the country achieve self-sufficiency and become a net exporter of refined petroleum products

The Territorial Army (TA) stepped in and took control of oil installations in Manipur which were not operational, and augmented manpower where there is a shortage to ensure supplies of essential petroleum and oil products