Refining
Premiums for Russian ESPO Blend oil weaken on poor Chinese refining margins
China and India represent the two biggest markets for Moscow, and the price moves are capping its revenues.
ADNOC signs two strategic collaboration agreements with Indian partners
The agreements build on ADNOC’s expanding partnerships with Indian companies across crude, LNG and LPG supply, as well as energy storage opportunities, supporting India’s growing energy demand and long-term economic growth.
Update: U.S. House passes bill allowing year-round sales of E15 gasoline
The House on Wednesday approved the H.R. 1346 bill, or the Nationwide Consumer and Fuel Retailer Choice Act, by a vote of 218 to 203, which would allow fuel retailers to offer E15 year‑round, removing seasonal restrictions linked to smog concerns.
Iran, Ukraine wars deliver worst hit in years to oil refining output
Tightened supply has forced refiners, traders and retailers to tap crude and fuel inventories to meet demand.
Vietnam state oil company urges U.S. Navy to allow tanker through blockade
The U.S. military has expanded its shipping blockade on Iran to include cargoes deemed contraband, although it has said other oil exports from the Gulf are free to sail through.
Italy's Ludoil buys Sicilian refinery as war squeezes Europe's fuel supply
The Iran war has laid bare Europe's dependency on the Middle East for the supply of jet fuel and other refined products.
To make up for shortfall, India's HPL turns to Oman naphtha
Medium-range tanker Rarity loaded about 23,000 metric tons (201,000 bbl) of naphtha for HPL late-March and discharged at the Haldia terminal on April 13.
- OMV receives €450-MM loan from the European Investment Bank for its 140-MW green hydrogen production facility 7/13
- Poland's Unimot says it will supply crude to Germany's Schwedt refinery 7/13
- Hormuz traffic slows to two-month low as renewed U.S., Iran strikes raise safety risk 7/13
- Sinopec deepens aviation fuel push with CNAF restructuring 7/13
- Indian naphtha premiums surge as Gulf, Russian supply tightens 7/13
- Less than a month's supply: Europe's jet fuel stocks are wafer thin as Iran tensions flare 7/13

