Economics
Former Lukoil-owned ISAB refinery in Sicily exits crisis procedure
The refinery - located in Priolo, Sicily - entered the procedure early last year to negotiate with creditors, after its ownership shifted from Russian oil group Lukoil to Cypriot private equity fund G.O.I. Energy.
Suffocating Western pressure may finally force Russian oil output cuts
Moscow has successfully redirected most of its seaborne crude to China, India and Turkey, often relying on a “shadow fleet” of aging, uninsured tankers to circumvent restrictions while offering steep discounts.
TotalEnergies booked loss in France due to refining activities, CEO says
French oil major TotalEnergies did not pay corporate tax in France last year because its operations in the country led to a loss of between €200 MM ($237.22 MM) and €300 MM.
Slovakia says Druzhba oil supplies interrupted, expected to resume in coming days
The economy ministry said the interruption did not affect Slovakia's energy security and gave no further details on the length of the expected suspension of flows.
Russia to send crude oil and fuel to Cuba soon, Izvestia reports
Cuba is grappling with fuel shortages after the U.S. moved to choke off its oil supplies. The communist-run island has warned international airlines that jet fuel will no longer be available, the latest sign of fast-worsening conditions.
EIA: U.S. crude stocks increase by most in a year after storm hit refining, exports
U.S. crude stocks rose last week as refining and export activity slowed during a winter storm last month, while domestic output started to recover from the freeze.
Rosneft oil refinery in Germany warns of risks from U.S. sanctions
In a January letter, management of the PCK Schwedt refinery, controlled by Rosneft, made an "urgent appeal" to economy and energy minister Katherina Reiche to resolve a standoff with the United States over the refinery's future.
TotalEnergies takes over Zeeland refinery operations, Lukoil still owns 45%
Under the deal, Total supplies all the crude, pays for operations and takes all of the refinery’s output.
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