Crude oil

Oil flows to Germany via damaged Druzhba pipeline to normalize

Ukrainian drones struck an oil pumping station in Russia's Tambov region, leading to supply disruption via the Druzhba pipeline last month.

Saudi Aramco, Iraq's SOMO halt crude sales to Indian refiner Nayara

The halting of supply from the two Gulf exporters means Nayara, majority-owned by Russian entities including oil major Rosneft, relied entirely on Russia for its crude oil imports in August.

Angola plans first output at Cabinda oil refinery by year-end

The project, which will be Angola's second oil refinery, will help make sub-Saharan Africa's No. 2 crude producer less dependent on costly fuel imports amid government efforts to eliminate fuel subsidies that have triggered deadly protests.

AFPM: Will the ‘26-‘27 RFS ‘unleash’ affordable, reliable energy?

The Environmental Protection Agency is attempting to finalize the largest and most expensive Renewable Fuel Standard (RFS) mandate in history. This would significantly increase costs for American refiners and consumers.

Europe distillates-diesel profit margins hold steady

Aster Chemicals declares force majeure at Singapore naphtha cracker

Singapore's Aster Chemicals and Energy has declared force majeure on petrochemical supplies from its naphtha cracker on Bukom island

Orlen signs 1-yr deal with Equinor for supply of 15% oil it uses

Under the 1-yr contract, oil will be delivered from the Norwegian port of Mongstad starting next month. Shipments may be directed to refineries in Poland as well as to Lithuania and the Czech Republic.

Russia's idle oil refining capacity record high after Ukrainian drone attacks

Damage from Ukrainian drone attacks and extensive planned maintenance have sent Russia's offline oil refining capacity to a record high in August, though working sites are likely to spur output to help mitigate the impact.

South Korea petrochemical overhaul likely to shut small, stand-alone naphtha crackers

Small and stand-alone naphtha crackers are likely to shut while some plants could merge as part of an overhaul of South Korea's oversupplied petrochemical sector, which will cut naphtha demand at the world's largest importer of the fuel.

India's ONGC plans to set up trading unit for crude, refined fuels for group firms

India's state-run Oil and Natural Gas Corp (ONGC) is planning to set up a trading unit for the crude and refined fuels of its group companies, a top executive at ONGC Videsh said.