Refining

Japan refiners run at two-thirds capacity, awaiting crude from outside the Gulf

EU warns of prolonged energy shock, forced cuts if Iran war continues

Europe has not yet faced supply shortages, but is grappling with soaring oil and gas prices and airports have warned the first jet fuel shortages could hit within weeks.

Europe's summer flights at risk as Iran war exposes refining decline

Europe’s oil and gas industry has shrunk dramatically over the past 25 years: North Sea production has dwindled and more than 30 refineries - 16% of refining capacity - have been shuttered across the continent.

Japan's weekly gasoline prices largely flat as subsidies offset price spikes

Japan began to partially release oil stockpiles from March 16 and has also rolled out subsidies to compensate for rising product prices which spiked to all-time highs in mid-March following the U.S.-Israeli war with Iran.

Botswana has not requested stake in Lobito refinery, Angola's Sonangol says

Angola has been seeking partners to help finance the delayed refinery — the country's largest and aimed at cutting its reliance on imported fuel — with financing shortfalls and potential partnerships drawing interest from neighbors.

Petrobras selects Honeywell's ethanol-to-jet technology for large-scale SAF plant

Petrobras in talks with Mubadala to buy back Mataripe refinery

bp's new CEO to simplify company structure into upstream, downstream units

Consortium to conduct pilot project, testing if pongamia as a potential biofuel feedstock

IEA ready to further tap global oil reserves if needed, chief says

The 32-member IEA agreed last month to release 400 million barrels of oil from reserves, the largest-ever coordinated release, in a bid to calm oil markets. The U.S., the world's largest oil and gas producer, agreed to release 172 million barrels from its Strategic Petroleum Reserve.