Crude oil

Kenya, Tanzania and neighbors discuss joint refinery as Dangote offers to build it

East Africa currently imports all of its refined petroleum products, mainly from the Middle East, leaving the region vulnerable to supply disruptions and price spikes as seen in the fallout of the Iran conflict.

Asia deepens refining cuts due to Iran war, putting diesel and jet fuel supplies at risk

Asia, which accounts for 37% of global refining output and ordinarily sources two-thirds of its crude from the Middle East, has been hardest-hit by the closure of the Strait of Hormuz, with run cuts at refiners in the region exacerbating tight fuel supply and keeping prices elevated.

Pumps & Valves Innovation Conference Brings Program for Operators, Engineers to the Gulf Coast

Malaysia's palm oil-based biodiesel push to add 300,000 tpy in demand

What's in the EU's 20th package of sanctions against Russia?

The EU had initially aimed to adopt the package to mark the fourth anniversary of Russia's full-scale invasion of Ukraine on February 24.

Europe's response to the Iran war energy crunch

Central to the EU proposals is a focus on reducing reliance on oil and gas, to cushion against future fossil fuel supply disruptions and price spikes.

Iran war may crush oil demand today, but send it soaring long term

Spiking energy security concerns and greater fragmentation could lead to a less efficient, more voracious global energy system.

Druzhba pipeline restarts Russian oil flows to Europe, unblocking EU loan for Kyiv

The Druzhba pipeline has become one of the most politically charged pieces of infrastructure in Europe since a Russian drone strike damaged the pipeline in western Ukraine and stopped Russian oil deliveries to Hungary and Slovakia.

Oil prices rise after reports container ships in Hormuz hit by gunfire

Oil prices rose 2% on Wednesday, erasing earlier losses after reports of gunfire attacks on at least three container ships in the Strait of Hormuz and a lack of progress in peace talks between the U.S. and Iran.

Opinion: U.S. crude and fuel exports surge to record highs, but it's not enough

Much of the extra crude is heading to Asia, the region most affected by the effective closure of the Strait of Hormuz, the narrow waterway through which about 20% of the world's supply of crude and refined fuels passed prior to the start of the conflict.