Refining
Asia deepens refining cuts due to Iran war, putting diesel and jet fuel supplies at risk
Asia, which accounts for 37% of global refining output and ordinarily sources two-thirds of its crude from the Middle East, has been hardest-hit by the closure of the Strait of Hormuz, with run cuts at refiners in the region exacerbating tight fuel supply and keeping prices elevated.
U.S. fund and Indonesian oil group to make offer for Sicilian refinery ISAB
Cypriot private equity fund G.O.I. Energy has owned the refinery since buying it from Russian energy group Lukoil in 2023. The plant accounts for around a fifth of Italy's refining capacity.
Japan's ethylene plant run rate hits record low of 68.6% in March
Japan has 12 ethylene plants that crack naphtha, a crude oil byproduct, into basic chemicals such as ethylene and propylene, which are used to make intermediates like resins for a wide range of end products.
Energy services group Saipem ‘well positioned’ to win Iran war repair contracts
The cost of repairing damage resulting from the war and restoring energy-linked infrastructure could hit $58 B, Rystad Energy said in a recent report, with oil and gas facilities alone facing a potential bill of $50 B.
Europe's response to the Iran war energy crunch
Central to the EU proposals is a focus on reducing reliance on oil and gas, to cushion against future fossil fuel supply disruptions and price spikes.
Russia's Syzran oil refinery halts operations after April 18 drone attack
Ukraine has increased attacks on Russia's energy infrastructure in recent months as U.S.-brokered peace talks have been paused with Washington focused on the Iran war.
Iran war may crush oil demand today, but send it soaring long term
Spiking energy security concerns and greater fragmentation could lead to a less efficient, more voracious global energy system.
- India launches gasoline blended with 85% ethanol at lower price 6/5
- U.S. oil exports surge, draining domestic crude inventories toward rock bottom 6/5
- Indian companies willing to deepen presence in Venezuela 6/5
- Japan steps up efforts on cooking oil in race for sustainable aviation fuel 6/5
- Indian refiner Nayara says Vadinar refinery turnaround completed 6/5
- South Korea jet fuel exports rebound in May to pre-war levels 6/5
