Diesel

Global oil refining profits surge and may stay strong

The strength in margins contrasts with crude oil markets coming under pressure from an expected oversupply, and has defied expectations earlier this year that the rally could prove to be a short-term blip due to the impact of tariffs.

Digital Exclusive: The role of integrated and derisked technologies as a cornerstone of eFuels deployment

Axens offers fully integrated, proven solutions to produce fuels from CO2 through the Fischer Tropsch (F-T) and ethanol-to-jet (ETJ) pathways that meet emerging market demand.

Bulgaria wins UK sanctions reprieve on refinery, petrol stations

The UK last month announced sanctions on Russia's two biggest oil companies, Rosneft and Lukoil, and a week later the U.S. followed suit in a bid to squeeze the financing of Moscow’s war effort in Ukraine.

China's Sinochem shuts one crude unit at Quanzhou after fire

The 300,000-bpd Quanzhou refinery was due to be offline for scheduled full plant maintenance from the end of November or early December to January.

Novatek has fully restored operations at Ust-Luga's condensate complex

The condensate is being processed into light and heavy naphtha, kerosene, diesel and marine fuel.

PetroChina to phase out 19 old refining, chemical units to curb sector glut

The world's second-largest oil consumer is facing a faster-than-expected peak in fuel demand due to rapid electrification of its transportation fleet and a petrochemical sector that is plagued by excess capacity and poor margins.

Neste celebrates 15 yrs of refining in Singapore and 60 yrs in Porvoo

Bulgaria restricts fuel exports to EU following Lukoil sanctions

The ban will not apply to the refueling of domestic and foreign ships, aircraft and deliveries to the armed forces of European Union and NATO member states.

Diesel rally sparked by Western sanctions on Russia will be short-lived

A new wave of Western sanctions on Russia’s oil industry has roiled the diesel market, sending refining margins soaring, but global supplies are unlikely to be severely disrupted for long.

Asia refining margins soar as sanctions threaten Russian supplies

The strength has mainly been driven by the global diesel market, which has staged an upward swing in recent weeks on robust demand and tighter supply prospects.