#oil-industry

#oil-industry

The Trans Mountain Pipeline has downgraded its flow forecasts, highlighting industry tension over rising toll costs and the impact on oil exports from Western Canada.

The two largest U.S. oil companies reported their lowest first-quarter profits in years as they brace for the economic fallout from President Trump's trade war.

Valero Energy Corp.'s $1.1 billion writedown on its California refineries reflects significant value loss, signaling challenges in maintaining fuel production in the state.

The Russian oil pumping station, targeted by a suspected Ukrainian drone strike, caught fire and halted operations, significantly affecting shareholders of the Caspian Pipeline Consortium.

Authorities are investigating an explosion at the Trans-Niger Pipeline, crucial for transporting over 450,000 barrels of oil daily, amidst concerns tied to militant threats.

Vardis Vardinoyannis transformed his family's small oil-refining business into a major conglomerate, establishing influential ties with the Kennedy family and becoming a notable philanthropist.

(The measure) will set a national example in how to fight back against outrageous price gouging at the pump. This is a critical consumer victory that takes away a tactic oil refiners have used for decades to keep gas prices and refiner profits artificially high.