Marathon Petroleum delivered a decisive fourth-quarter earnings beat as sharply higher refining margins and strong utilization rates drove profits well above Wall Street expectations.

For 2026, planned capital investment in refining is $700 million, a nearly 20% reduction year-over-year, with further reductions anticipated in 2027 and 2028. Turnaround expenses are expected to be $1 ...

WASHINGTON - The U.S. House of Representatives passed legislation Thursday from Ohio’s Rep. Bob Latta to commission a study on America’s petroleum refining capacity, with support from all the ...

Dangote Refinery dismisses claims it imports finished petroleum products, saying it is a merchant refinery that processes intermediate feedstock.

The Nigerian National Petroleum Company Limited (NNPC Ltd) has attributed the long-standing underperformance and repeated ...

Dangote refinery's MD clarifies the facility is not importing finished fuel. Learn about its merchant refining model and how ...

Dangote Petroleum Refinery & Petrochemicals (DPRP) has dismissed reports alleging that it imports finished petroleum products ...

So far, we have covered the “upstream” and “downstream” part of getting crude oil out of the ground, refining it and getting ...

Marathon Petroleum (NYSE: MPC), the biggest U.S. refiner by volumes, on Tuesday reported a loss for the first quarter as weak refining margins continued to depress profits and high turnaround activity ...

Reaffirms commitment to delivering Euro standard fuel to Nigerians________________________________________By Chukwuma ...

Dangote Refinery says it does not import refined petroleum products, insisting that all petrol and other fuels sold from its ...