Crude oil

Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction

Brazilian state-run oil firm Petrobras has delivered liquefied petroleum gas auctioned off at high prices, even after President Luiz Inacio Lula da Silva said the government would annul it to protect consumers from fuel spikes.

Ukrainian drone attack shuts crucial unit at Russia's Novo-Ufimsk oil refinery

The CDU-5 distillation unit, which the sources say caught fire, accounts for around 28% of the Novo-Ufimsk refinery's total capacity.

China calls for independent refiners to maintain fuel output amid war disruption

Taiwan's CPC brings naphtha cracker online a week early

U.S. naphtha exports surge to record high on Japanese, Venezuelan buying

Nigeria's Dangote refinery secures $2.5 B from Afreximbank

KT Tech awarded early engineering works contract for 60,000-tpy SAF plant in Indonesia

IEA: Middle East oil disruptions set to hit Europe in April

More than 12 MMbbl of oil have been lost since the start of the U.S.-Israel war on Iran due to Tehran's attacks on energy assets in the region and restrictions on shipping through the Strait of Hormuz.

Russian oil tanker enters anchorage of Cuba's Matanzas port

Cuba has not received an oil tanker in three ⁠months, according to President Miguel Diaz-Canel, a predicament which exacerbated an energy crisis that has brought repeated blackouts across the country of 10 million people, crippling healthcare, public transportation and farming.

China's smaller independent refiners to curb output on rising oil prices

The so-called teapot refiners had benefited in recent months from cheap stocks of Russian and Iranian crude, but temporary U.S. waivers allowing purchases of Russian and Iranian oil stranded at sea for 30 days have driven prices for those barrels sharply higher as buyers, especially Indian refiners, rush to secure supply.