Chevron is now importing 250,000 barrels of crude per day from Venezuela.

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. CARSON, CALIFORNIA - MARCH 10: In an aerial view, Marathon ...

By Siyi Liu SINGAPORE, April 23 (Reuters) - Asian refining throughput is set to tumble in April and May as crude imports hit ...

Indonesia’s state-owned oil and gas company has confirmed that its refineries are capable of processing Russian crude, as the ...

WTI, Brent and Dubai oil are the three major oil benchmarks that serve as reference prices for traders. Meanwhile, the sourness or sweetness of the oil dictates how complex the conversion process will ...

In a normally functioning global oil market, the U.S. West Texas Intermediate crude trades at a discount to Brent. This is not an accident of geography. It is a structural reality baked into the ...

NPR's Ayesha Rascoe talks to University of Texas engineering professor Hugh Daigle about why the U.S. imports most of the oil it consumes despite being one of the world's largest oil exporters. The ...