Europe

LyondellBasell completes sale of select European strategic assessment assets

Israel to transfer jet fuel to Germany following Hormuz crisis

Concerns about a jet fuel supply crunch due to the war in Iran disrupting Middle East supplies have been growing in Europe, particularly as the peak summer travel season nears.

Equinor: Iran war lifts Asia-Pacific interest for Norwegian petroleum products, LNG

The conflict has effectively closed the Strait of Hormuz, a choke point for energy exports from producers in the Gulf, especially affecting clients in Asia.

Celanese and SharpCell Oy collaborate to bring carbon capture and utilization to airlaid nonwovens

Perpetual Next selects JPB Logistics as storage partner for Dutch biomethanol facility

THUNDER project launches to advance carbon-neutral eMethanol production in Europe

Repsol plans to boost jet fuel output as Iran war disrupts global supply

The company expects to produce between 560,000 and 570,000 barrels of oil equivalent per day (boed) in 2026, which could increase, depending on improvement in Venezuela.

Europe's jet fuel imports from Middle East stop, raising supply crunch fears

European countries that are part of the Organization for Economic Co-operation and Development grouping of industrialized nations consume about 1.6 MMbpd of jet fuel and kerosene, while regional refineries produce only around 1.1 MMbpd, leaving a shortfall of at least 500,000 bpd that imports must cover.

Phillips 66 Limited completes acquisition of Lindsey Oil Refinery assets

The transaction comes after the company previously agreed to the deal in January, stating its intention to integrate key assets into its Humber Refinery operations.

Russian ESPO premiums ease on weak Chinese refining margins

Spot premiums for Russia's Far East ESPO Blend crude oil delivered to China in June have eased as weak refining margins curbed demand from independent refiners.