Crude oil

Nigeria's NNPC accuses Dangote refinery of seeking fuel monopoly in court filing

The regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has applied to join the case, widening a legal battle over import policy and Dangote refinery’s market position.

Indonesia to roll out ethanol-blended gasoline, B50 biodiesel from July 1

Australia plans biofuel mandates to boost its energy security

Kremlin sees no risk to fuel supply in Russia amid attacks on refineries

Ukraine has stepped up drone attacks on Russia's energy infrastructure, doubling the number of oil refineries targeted since the start of the year.

Oil market clock is ticking as supply crunch looms

Before the conflict began on February 28, few experts anticipated that Iran would actually shut down the Strait. Almost no one thought the obstruction would stretch into months.

China kept building its crude stockpile in April despite Iran crisis

The ongoing building of inventories by the world's biggest crude importer underlines that China is in quite a different situation to the rest of the world, which is burning through oil stockpiles to compensate for the loss of about 12 MMbpd of supply to the effective closure of the Strait of Hormuz.

UK defers import ban on diesel, jet fuel derived from Russian crude

The decision was criticized by lawmakers in Britain and Ukraine who accused the government of easing pressure on Russia and backtracking on promises to stop Moscow profiting from oil production to fund its war with Ukraine.

Digital Exclusive: The biggest obstacle to the refinery of the future is a mindset shift

Barring a few exemplary cases, refineries continue to rely heavily on manual interventions, reactive maintenance and periodic optimization reviews, leaving enormous value trapped inside their own processes.

China's April oil throughput hits lowest since August 2022, inventories rise

The run cuts were due to negative oil-processing margins, and Chinese independent refineries are expected to deepen the cuts in May despite Beijing urging small refiners to maintain fuel production.

Vietnam receives first cargo of Congo Djeno crude for Nghi Son refinery

The 200,000-bpd refinery had processed crude oil sourced almost entirely from Kuwait, but shipments have been disrupted due to the Iran war, forcing Vietnam to seek alternative suppliers.