The first new oil refinery to be built on U.S. soil in half a century is set for construction in Texas, the president announced Tuesday.

Donald Trump has said Reliance Industries will back a $300 billion refinery in Texas, the first new US refinery planned in 50 ...

President Donald Trump on Tuesday announced plans for a proposed $300 billion oil refinery in Brownsville, Texas, saying the project would be backed by Indian billionaire Mukesh Ambani's Reliance ...

The project is part of a deal involving the purchase and processing of 1.2bbbl of US light shale oil worth $125bn.

Major oil producers on Sunday said they’ll start to unwind even more of their previous production cuts — suggesting they’d rather fight for market share than defend prices. That could exacerbate ...

If the US operation in Venezuela tells us anything, it’s that Washington is thinking past the shale boom and back to a more traditional playbook: secure access to oil abroad when supply at home looks ...

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. U.S. shale producers are not embracing the "drill, baby, drill" mantra ...

Oil tankers have mostly stopped entering or exiting the Persian Gulf as Iran threatens to block the Strait of Hormuz amid an ongoing war with the United States that has killed its supreme leader and ...

Earlier predictions of "peak shale" have shifted, with US shale drillers now signaling continued growth due to improved efficiency. The Energy Information Administration (EIA) has revised its ...

“Drill, baby, drill” is not the central theme in the U.S. shale patch despite President Donald Trump’s best efforts to back the American oil and gas industry with eased permitting and reversal of ...