The price of Brent crude oil has risen by more than 90% to roughly $120 per barrel this year as the escalating Middle East ...

Crude oil price fluctuations affect upstream and downstream companies differently. Upstream firms benefit from higher prices, ...

Upstream operations focus on oil exploration and extraction; downstream operations process crude into products. Effective energy chains require balance between upstream production and downstream ...

Chevron's breakeven price for crude is below $50 per barrel, compared with Oxy's about $60 per barrel. So while both ...

The global oil market has never been insulated from geopolitics. From the oil shocks of the 1970s to the Gulf Wars, from sanctions regimes to shipping route disruptions, the downstream oil sector has ...

UK Oil & Gas PLC (LSE:UKOG) has submitted a retrospective planning application to Surrey County Council for its Horse Hill oil field, seeking to reinstate the full production consent originally ...

Oil marketing company MRS Africa Holdings, founded by Aliko Dangote’s half-brother Sayyu Dantata, became a major downstream player 16 years ago with its acquisition of Chevron’s fuel retail business, ...

Indonesia’s refinery push risks deeper crude imports unless upstream oil exploration accelerates to support energy security.

The company behind the “Gatwick Gusher” oil field in Surrey has asked for permission to restart the shuttered project.