Economics

India shifts diesel exports to West Africa as EU bans Russian crude-derived fuel

The developments highlight that the EU policy, aimed at punishing Russia over its 2022 full-scale invasion of Ukraine, is prompting a further reordering of intercontinental oil flows, forcing India’s oil refineries to seek new markets and disrupting Turkey's lucrative trade in supplying fuel to the EU.

South Korea's S-Oil says Q1 refining margins to stay robust

Indian refiners shift oil strategy; trim Russian buys and turn to the Middle East

Canada commissions Deep Sky Alpha, the world's first cross-technology direct air capture platform

Global LNG supply set to jump in 2026, limiting prices and spurring demand

Zeeco completes acquisition of Devco Process Heaters

VaroPreem CEO: Refining is 'critical infrastructure' for Europe

Europe built its last major refinery in 1975 and has shut dozens of facilities over the past 30 yrs as its oil production declined and its aging plants struggled to compete with modern facilities in China, India and the Middle East.

China's 2025 refinery throughput, crude and gas output hit new highs

ADNOC Gas signs $3-B, 10-yr LNG deal with Hindustan Petroleum Corporation Limited

Key U.S. energy, power trends at home and on world markets

Overseas, the U.S. is set to cement its position as the largest and most influential exporter of crude oil and natural gas, which continue to underpin a vast majority of global energy systems and generate massive earnings for the U.S. Treasury.