Europe
Ukrainian drone attack sparks fire, damages equipment at Tuapse refinery
Tuapse in the Krasnodar region lies in southwest Russia on the Black Sea and about 350 km (218 mi) to the nearest parts of Ukraine’s mainland across the Sea of Azov.
Five energy market trends to track in 2026, the year of the glut
This past year was a wild one for the oil and gas industry, punctuated by the 12-day Israel-Iran war in June, U.S. President Donald Trump's trade wars, the intensified targeting of energy infrastructure in Russia in its war against Ukraine, OPEC’s often perplexing production decisions and the recently threatened U.S. blockade of Venezuela.
Serbia's NIS gets U.S. approval to negotiate sale of Russian stake
The U.S. Treasury Department's Office of Foreign Assets Control imposed sanctions on NIS in October, as part of broader measures against Russia's energy sector, after granting a series of waivers since January.
China's teapots boost Russian ESPO buying amid record discounts
Discounts for Russian ESPO Blend crude loading in January have widened to a record $7–$8 per barrel versus ICE Brent upon delivery in Chinese ports, as Western sanctions pressure weighs on the grade.
Gazprom in talks with Hungary's MOL over NIS stake sale
The United States announced sweeping sanctions targeting Russia's oil sector in January over Moscow's war in Ukraine, but, for NIS, their application was postponed several times before finally coming into effect on October 8.
Azerbaijan sends first gasoline shipment to Armenia after decades of war
The Azerbaijani government said the gasoline was shipped by train from the capital Baku to Boyuk-Kesik near the border with Georgia, across whose territory it will then be delivered to Armenia.
Glencore buys majority stake in Dutch fuel company FincoEnergies
Finco is a major player in the Dutch wholesale fuel market and in the region's biofuels and low-carbon fuel sectors.
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- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
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