Economics

Ineos cuts workforce at UK acetyls plant, cites energy costs and anti-competitive trade practices

Belarus ramps up fuel exports to gasoline-thirsty Russia

Several Russian regions have introduced rationing and have temporarily frozen fuel prices in recent weeks amid a scarcity of popular types of gasoline brought on by the drone strikes, which targeted refineries among other energy installations. Moscow has also restricted gasoline and diesel exports.

INEOS to close two Rheinberg plants as Europe’s chemical industry hits breaking point

INEOS has confirmed the intention to shut two production units in Rheinberg, Germany. The closures are the direct result of crippling energy and carbon costs, and a lack of tariff protection.

Q3 2025 refining analysis: Stable crude oil prices, increasing refinery margins

Why do private gasoline retailers in Indonesia face shortages?

Many fuel stations operated by companies such as Shell, bp and others have run out of gasoline and are left selling only diesel, frustrating customers.

Phillips 66 to book $100-MM charge as it winds down Los Angeles (U.S.) refinery

These include around $70 MM to mitigate groundwater contamination, and about $30 MM for its midstream segment to retire transportation assets.

Update: Nigeria oil union calls off strike after talks with Dangote Petroleum

The strike was called after the Dangote refinery—Africa's largest with a crude processing capacity of 650,000 bpd—dismissed more than 800 unionized staff.

Crimea freezes fuel prices, imposes rationing as shortages persist

Russia-controlled Crimea has frozen fuel prices and imposed gasoline rationing in response to shortages resulting from a spate of Ukrainian drone attacks on Russian oil refineries.

Update: Nigerian oil union launches nationwide strike after Dangote refinery dismisses workers

The walkout, launched on Monday, has escalated tensions in Africa's top oil producer, with analysts warning that if the dispute spreads to other unions, it could disrupt oil field operations, halt product flows and lead to fuel shortages at petrol stations.

Eni and five other oil companies fined by Italian competition watchdog

The regulator said that fines totaling more than €936 MM ($1.1 B) had been levied against Eni, Esso, Italiana Petroli (IP), Q8, Saras and Tamoil.