Refining
Top global refiner Sinopec to cut crude runs by over 10% on Mideast supply squeeze
The cuts by state-owned Sinopec, which accounts for a third of China's refinery output, are part of Beijing's widening measures to curb oil supply disruptions due to Iran's blockage of the Strait of Hormuz, a conduit for 20% of the world's oil.
Japan to consider whether to buy Russian crude following U.S. sanctions waiver
The U.S. waiver allows countries to buy sanctioned Russian oil and petroleum products currently stranded at sea, in what Treasury Secretary Scott Bessent said was a step to stabilize global energy markets, which have been roiled by the Iran war.
America First Refining plans new Texas refinery, first in nearly 50 years
America First Refining (AFR) plans to build the first new U.S. oil refinery in nearly half a century at the Port of Brownsville in South Texas. President Donald Trump announced the project, describing it as part of a broader push to expand domestic energy production and strengthen U.S. energy security.
Iraq asks KRG to help pipe crude oil to Turkey
The Kurdistan Pipeline Company operates Iraqi Kurdistan's main oil pipeline, which transports crude from northern Iraq to a border connection point with the Iraq–Turkey pipeline.
- From corn fields to cargo ships, ethanol gains early traction as marine fuel 6/12
- Indonesia raises price of widely used fuel by 32%, adds to cost-of-living concerns 6/12
- Technip Energies, Safran, Airbus, Tereos to form green jet fuel venture in France 6/12
- Saipem awarded €900-MM gas compression plant project in Saudi Arabia 6/12
- Trans Mountain pipeline in Canada hits full capacity two years after upgrade 6/12
- MB Energy and Zaffra sign MoU to advance commercialization of eSAF in Europe 6/12
