The petrochemical plant at Austrian oil and gas firm OMV's Schwechat refinery near Vienna airport broke down on Tuesday, OMV said in a statement, adding that it was working to resume operations at the ...

The fire broke out at the oil refinery in the Komsomolsk-on-Amur region of Russia, with reports of a column catching fire at the height of 50 meters sparking panic.

Oil futures posted a gain on Wednesday ... pressured after Russian President Vladimir Putin rejected on Tuesday a full cease-fire in the country’s war against Ukraine but agreed to a mutual ...