Europe

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.

Gazprom Neft provisionally agrees to sell NIS stake to Hungary's MOL

NIS supplies about 80% of Serbia's fuel market and holds around half of the retail segment.

Diesel exports from Russia's Primorsk may jump to record high in January

In December, exports via Primorsk, Russia’s largest outlet for ultra-low-sulfur diesel shipments, climbed 35% month-on-month to 1.7 MMt.

Russian-owned, U.S.-sanctioned NIS restarts Serbia refinery

Yara to rethink U.S. ammonia project if EU suspends carbon levy

Moeve and Galp negotiating to combine downstream activities to form leading European energy and mobility platforms

Moeve supplies SAF to Condor flights from Tenerife South Airport to several German cities

Russia's diesel exports jump 40% in December on higher fuel output

Russia's seaborne diesel and gasoil exports surged by nearly 40% in December from November to about 3.41 MM tonnes (t), driven by higher fuel production and a seasonal drop in domestic demand.

Maersk explores more ethanol use for green fuel to cut reliance on China

The shipping sector is facing more difficulty than most in lowering emissions, requiring costly retrofits on existing vessels or new ships that can operate on e-fuels.

Serbia's Russian-owned NIS refiner buys first crude since U.S. sanctions waiver

Washington imposed sanctions on NIS in October as part of broader measures targeting Russia's energy sector over Moscow's war in Ukraine.