Refining
OPEC sticks to robust oil demand outlook, sees no peak on horizon
The 11-member Organization of the Petroleum Exporting Countries depends on oil for a large part of government income, and its views on demand are higher than those of others in the industry, such as the International Energy Agency.
TotalEnergies' Saudi Arabia refinery will not be fully repaired until early 2027, CEO says
TotalEnergies' SATORP oil refinery in Saudi Arabia, which was hit by three drones in April, is still running only at 70% capacity.
Opinion: China used crude stockpiles to ease Iran shock, but not that much
For the first time in 14 months China's refiners processed more crude in May than was available to them from both imports and domestic production.
Opinion: Is the Iran war just an energy shock—or a turning point?
At least 1 billion barrels of crude oil and refined products have been lost from Middle East producers such as Iraq, Kuwait, the United Arab Emirates and Iran itself. As much as 20% of global liquefied natural gas supply is also trapped in the narrow waterway between Iran and Oman.
- Maire signs MoU to explore SAF production in Kazakhstan 6/24
- Moscow oil refinery hit by drone attacks is unlikely to resume production this year 6/24
- ExxonMobil's Antwerp refinery to stop output from June 29–July 3 due to strike 6/24
- Singapore's Aster plans August maintenance for crude, petchem units 6/24
- TotalEnergies must invest in Gulf pipelines to bypass Hormuz, CEO says 6/24
- JERA signs time charter agreements with NYK and MOL for fuel ammonia carriers 6/23
