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Marathon Petroleum, the top U.S. refiner by volume, is expected to report a per-share loss of 53 cents, compared with $2.58 ...

Oil giant Valero announced this week it may shutter its refinery in Benicia. The company sent a notice to the California ...

The Treasury Department sanctioned a Chinese oil refinery for purchasing $1 billion in Iranian crude oil as part of a broader US crackdown on companies and vessels skirting US sanctions.

In a fresh crackdown on Iran's oil trade, the US Treasury Department on Wednesday announced sweeping sanctions against a Chinese refinery accused of buying more than USD 1 billion worth of Iranian ...

known in the energy sector as a "teapot" refinery. The US Department of the Treasury stated that these measures are intended to deter Chinese entities from continuing their trade in Iranian crude oil.