The U.S. shale boom has upped production of light sweet crude oil. U.S. refineries, on the other hand, are built to process ...

South American nation’s tar-like oil is what many Gulf coast facilities were built for but ramping up production to 3m barrels a day will be a long game Clustered along the US Gulf coast are some of ...

US-Israeli strikes on Iran and the closure of the Strait of Hormuz have already curtailed 7 million bpd of crude supply, and a worst-case scenario could see Middle East crude output fall by 70%, ...

(Corrects bpd figure in paragraph 7 to 150,000 from 250,000) By Amanda Stephenson HOUSTON, March 23 (Reuters) - Gulf Coast re ...

With 131 refineries currently in operation, the United States has long been the global leader in oil processing capacity, but ...

Venezuela has taken a significant legal step toward privatizing its oil sector, addressing long-standing concerns over nationalization and investor protections. The economics of Orinoco Belt heavy ...

HOUSTON, March 4 (Reuters) - Prices for heavy crude produced in the Americas surged to multi-year highs on Wednesday, as the U.S.-Israeli attacks on Iran stymied exports of similar oil produced in the ...

U.S. Gulf Coast heavy grades continued to surge on Friday as the Iran conflict spurred several Middle Eastern producers of heavy crude to curtail production and drove buyers to scoop up U.S. barrels.

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. FREEPORT, TEXAS - JANUARY 14: The Nave Photon crude oil tanker is ...

Iran produces roughly 3.5 million barrels of oil per day. The US has been for decades trying to make sure no country buys it, but the customers kept coming to the Islamic nation in the Gulf. The ...