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Refining

OPEC+ to boost crude output, but can it deliver and who will buy?

The seven core members of OPEC+, which groups together OPEC and allied producers such as Russia, agreed at a meeting on Sunday to lift quotas by 188,000 barrels per day from August, taking the total increase to almost 800,000 bpd since April.

Ukraine strikes Russian oil refineries, oil terminal in Vysotsk

Kyiv has intensified its attack on Russian energy infrastructure.

South Korea's four oil refiners charged with price collusion

Though prosecutors did not name the companies, South Korea only has four refiners: HD Hyundai Oilbank, SK Energy, GS Caltex and S-Oil.

World absorbs historic Iran war oil supply loss, but depleted stocks bring risks

Tehran's throttling of the Strait of Hormuz in response to the U.S. and Israeli attacks launched on February 28 fed fears of a catastrophic global energy crunch.

Brazil to phase out subsidy for diesel more slowly than for gasoline, minister says

Brazil's government will take longer to phase out its diesel subsidy than the gasoline benefit, reflecting concerns the process must be handled carefully, even after the drop in global oil prices, to avoid price shocks or fuel shortages.

India seeks to quell public backlash on ethanol-mixed fuel after 'experiment' remark

The mandate to use the blend, called E20, came into force last year but is now one of the biggest political flashpoints for Prime Minister Narendra Modi's government and motorists in the world's third-biggest car market.

Venezuela's largest refinery in service after power outage following earthquake

Venezuela's 645,000-bpd Amuay refinery, the country's largest, was back in service on Friday.

U.S.-Iran war still trails the 1979 oil shock by total losses

Unlike previous crises, the Iran war has simultaneously disrupted crude oil, natural gas, refined fuels and fertilizer supplies, exposing vulnerabilities created by decades of rising energy demand, globalized trade and the Middle East’s growing role as a supplier of finished fuels.

Axens acquires Methanol-to-Propylene technology, expanding its SAF portfolio

Lighthouse Green Fuels completes FEED for UK SAF project