Crude oil
Dangote Refinery drops lawsuit against Nigerian fuel importers
Africa's largest refinery had sought to nullify fuel import licenses issued to NNPC Ltd., AYM Shafa Ltd., A.A. Rano Ltd., T. Time Petroleum Ltd., 2015 Petroleum Ltd., and Matrix Petroleum Services Ltd.
AFPM challenges Trump biofuel, tariff policies in letter
A leading U.S. refining trade group has criticized the Trump administration's biofuel policies in a letter to top Republican lawmakers, representing the oil industry's biggest rift with the president since his return to the White House in January.
Trump threatens secondary sanctions on Russian oil exports, tariffs to reach as high as 100%
U.S. President Donald Trump unexpectedly shortened his deadline for hitting Russia with the most severe sanctions on its oil exports to date. While the market has called the president’s bluff thus far, the sheer scale of the threat may force investors to start pricing in this meaningful tail risk.
Spanish oil company Moeve's profit falls on blackout impact
The company attributed the core profit decline mainly to the cost of halting and restarting its two oil refineries during and after the April 28 blackout.
Austria's OMV finds chloride contamination in Azeri crude
Organic chloride contamination in Azeri BTC crude cargoes was discovered last week, sending price differentials to a four-year low and causing several days' delays to loadings from Turkey's BTC Ceyhan terminal.
U.S. Gulf refiners seek Middle East, S. American oil to offset Venezuela, Mexico losses
The shake-up in trade flows reflects a shortage of medium and heavy crude grades at the key Gulf Coast refining hub, which has struggled in recent months to secure adequate supplies amid Mexican production and quality challenges, and Washington's pressure strategy on Venezuela's sanctioned energy industry.
CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions
The reshuffle at the top is the latest disruption for the company since the EU announced a new round of sanctions last Friday directed at Russia over its war in Ukraine.
PetroChina makes FID for new northeast refinery complex
The new complex comprises a 200,000-bpd crude oil refinery, a 1.4-metric MMtpy ethylene complex as well as a variety of downstream petrochemical units such as polyethylene, polypropylene and polyolefin elastomer.
Digital Exclusive: Simulating the amine treatment of hydrocarbon liquids
Liquid extraction in the refining and natural gas industries is used for aromatics removal from reformates and pyrolysis gasolines in refineries and from engine lubricating oils in lube oil plants, as well as the removal of sulfur compounds, mainly hydrogen sulfide (H2S), carbonyl sulfide (COS) and mercaptans from liquefied petroleum gas (LPG) and natural gas liquids (NGLs).
Second tanker to skip fuel loading at sanctions-hit Nayara refinery
Nayara Energy, in which Russia's largest oil producer Rosneft has a 49.13% stake, was hit in a fresh package of sanctions imposed on Friday by the European Union over Russia's war on Ukraine that began in February 2022.
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
