Economics

Canada's Imperial Oil beats profit estimates on record output, strong refining

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.

China aims to tackle over-capacity in some plastic and fiber petrochemicals

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.

U.S. biofuels production capacity growth slowed in 2024

Berlin seeks to shield Rosneft's German arm from U.S. sanctions

Rosneft's German business is controlled by German authorities but Russian-owned. It is a key supplier, routing and refining oil to petrol pumps and some airports in Europe's biggest economy.

Opinion: Trump’s Russian oil sanctions gambit will test his tolerance for pain

The U.S. designation of the two Russian companies, which follows Britain's decision last week to hit Rosneft and Lukoil with sanctions, cuts them off from the dollar-based financial system.

Fight over port charges in Trinidad jeopardizes ammonia, methanol exports

A standoff involving port charges paid by producers of methanol and ammonia to Trinidad and Tobago's National Gas Company is threatening sales of the products from one of the world's biggest producers.

EU to list two Chinese oil refineries, one trader in new Russia sanctions

The EU has toughened its stance on Beijing as diplomatic efforts have stalled. The EU, Ukraine and its allies view China as a central node in Moscow's sanctions circumvention network.