Crude oil

Mexican navy says petroleum tanker, natural seabed likely caused Gulf coast spill

In coordination with Mexico's state energy company Pemex, authorities are deploying marine barriers to prevent the spill from further damaging wildlife and beaches in the affected areas.

Russia's vast Kirishi oil refinery halts operations after drone attacks

The stoppage is set to exacerbate Russia's oil supply challenges as around 40% of its crude oil exporting capacity has already been shut as a result of drone attacks, seizures of tankers and the Druzhba pipeline closure on the territory of Ukraine.

Philippines launches $333-MM fund to boost fuel security

Under the program, the government plans to buy up to 2 MMbbl of fuel to support domestic supply and purchase refined petroleum products and liquefied petroleum gas.

Residents and wildlife along Mexico's coast bear the brunt of Pemex oil spill

The fire was caused by oily water overflowing from inside the refinery onto a nearby road and was quickly ignited as a vehicle passed by, resulting in the deaths of five people.

Vietnam's Nghi Son refinery has crude oil for uninterrupted operations until end of May

The refinery is 35.1% owned by Japan's Idemitsu Kosan Co, 35.1% by Kuwait Petroleum, 25.1% by Vietnam's state oil firm Petrovietnam and 4.7% by Mitsui Chemicals Inc.

Delta Air Lines' refinery bet looks more valuable in jet fuel squeeze

Most carriers buy jet fuel from suppliers. Delta instead bought a refinery that processes crude oil into jet fuel and other products.

Valero prepares restart of Port Arthur, Texas (U.S.) oil refinery after blast

No injuries were reported from the blast, triggered after process fluid was released on unit 243.

Africa grapples with energy crisis as Iran war disrupts fuel supplies

The supply disruptions follow escalations in the U.S.-Israel conflict with Iran, which have hit oil and liquefied natural gas shipments through the Strait of Hormuz, a key route for about one-fifth of global energy supplies.

Germany unveils climate plan to cut emissions and fossil fuels

While the long-awaited 67-point program addresses concerns that Berlin's climate goals are at risk, it comes amid growing fears about soaring energy prices and oil and gas flow disruption due to the Iran war.

Valero shuts Texas refinery after explosion