Trump said the massive Brownsville project would be financed by Reliance Industries, an Indian refining company owned by billionaire Mukesh Ambani.

A new oil refinery planned for Brownsville could bring thousands of jobs and a major energy investment to the region. But it could also pose risks to the region’s environment and water supply.

President Trump said the U.S. will get its first new oil refinery in 50 years with the help of investment from India’s Reliance Industries Ltd. “I am proud to announce that America First Refining is opening the FIRST new U.S. Oil Refinery in 50 YEARS ...

The project—which would be first new oil refinery to be constructed in the U.S. in 50 years—is expected to produce 1.2 billion barrels of light shale oil worth $125 billion and 50 billion gallons of refined products valued at $175 billion.

The Phillips 66 Los Angeles Refinery could be a test case for how the state and local governments should handle refinery closures, experts say.

Donald Trump’s war in Iran has driven US petrol prices into the red zone for motorists, heaping more pressure on the president to justify a conflict that threatens to hit Americ

President Donald Trump and Iran’s new supreme leader both struck defiant tones on the 13th day of the war, offering little relief to energy markets despite fresh US efforts to curb oil prices.

President Trump on Wednesday made stops in Ohio and Kentucky to promote his economic agenda ahead of this year's midterm elections. He also addressed the Iran war and rising gas prices. The cost of oil has already had an impact on some businesses.