Crude oil

UK sanctions Russia's Lukoil and Rosneft, targets shadow fleet

Lukoil and Rosneft were designated under Britain's Russia sanctions laws for what London described as their role in supporting the Russian government. They are subject to an asset freeze, director disqualification, transport restrictions, and a ban on British trust services.

Some Indian refiners to move away from Russian oil

India and China are the biggest buyers of Russian sea-borne crude, taking advantage of discounted prices Russia was forced to offer after losing sales to Europe following Moscow's invasion of Ukraine in 2022.

Indian-backed oil refinery in Mongolia should begin operations in 2028

Mongolia's first oil refinery is being built with a $1.7-B Indian line of credit and will have the capacity to process 1.5 metric MMtpy of crude oil, or 30,000 bpd.

Sinopec diverts supertanker from U.S.-sanctioned port

A supertanker carrying oil to the Chinese port of Rizhao in Shandong province changed its destination over the weekend after the U.S. imposed sanctions on an import terminal at the port on Friday.

Sanctions-hit Nayara scrambles to sustain operations, with New Delhi's help

Shut out of many international markets because of crippling sanctions imposed by the European Union on July 18, the Russian-owned refinery has had to divert more fuel to the domestic market and find new export customers, among numerous workarounds, big and small, forced by the bloc's penalty.

Latest U.S. sanctions on Iranian oil deal blow to China's Sinopec

The latest U.S. sanctions on Iranian petroleum exports deal a blow to Chinese refining giant Sinopec by targeting a terminal through which the state major handles one-fifth of its crude oil imports.

FourPoint Resources, Energy Transfer to facilitate expansion of Price River Terminal in Utah (U.S.)

The terminal expansion will feature a newly constructed continuous loop track to streamline rail logistics and a railcar load rack capable of loading 140,000 bpd of oil.

Temperature control strategies for distillation columns in the CPI

Czech state lending 200,000 tons of oil to Orlen Unipetrol during TAL work

The State Material Reserves Administration (SSHR) said work on modernizing the pier at the port in Trieste, Italy, where the pipeline begins, was limiting the movement of tankers and restricting supplies.

Taiwan's CPC Corp. shuts one crude unit at Talin for maintenance until November

The 150,000-bpd crude unit and some gasoline-producing units were shut around the middle of September.