Refining

Phillips 66 Aviation expands EPOS solutions for FBO

The company is introducing FBO Director, a new EPOS platform, and integrating Contract Fuel & Phillips 66® Aviation WingPoints® processing, providing FBOs with more flexibility and efficiency in managing their operations.

Lukoil's Finnish fuel chain Teboil files for corporate restructuring

The United States last month hit Lukoil with sanctions over Moscow's war in Ukraine, disrupting the company's international business.

India's Reliance stops importing Russian crude for refinery operations

The Indian conglomerate, which has a long-term deal to buy nearly 500,000 bpd of crude from Russian major Rosneft, had said it would abide by sanctions against Moscow while maintaining ties with current oil suppliers.

Update: Fire extinguished at Venezuelan oil upgrader, operations halted

Incidents and outages are frequent within PDVSA's aging infrastructure, including oilfields, refineries and upgraders that are key to turning the country's extra heavy oil output into exportable crude grades.

Lukoil trading arm shrinks fast under Western sanctions

The measures, which also target state-owned Rosneft, took effect on Friday as Washington seeks to choke off Moscow’s ability to fund its war in Ukraine. They have thrown Lukoil’s global operations into limbo, from oilfields in the Middle East to fuel pumps and refineries across Europe.

EIA: U.S. crude stocks fall on higher demand, fuel inventories rise

U.S. crude stocks fell as refining and export demand rose, while gasoline and distillate inventories rose last week.

Hungary's MOL and refiner Slovnaft accuse Croatia's JANAF of breach of contract

MOL said it and Slovnaft told the European Commission in a letter that JANAF would only deliver crude oil already purchased and scheduled for delivery if the two companies agreed to purchase additional volumes as technical amounts to inject into JANAF's system.

Trump administration may delay biofuel import credit cuts as refiners balk

The delay now under discussion could please domestic oil refiners that have invested in the bio-based diesel sector but would risk frustrating U.S. farmers and biofuel producers.

U.S.: California refinery closures spark pipeline race to West Coast

Motorists in West Coast states have long paid some of the country's highest fuel prices due to limited regional production and minimal connectivity to the Gulf Coast refining hub.

LanzaJet produces first jet fuel from ethanol at a commercial scale