Refining

India's January Russian oil imports may fall sharply as Reliance expects no deliveries

India emerged as the biggest buyer of discounted Russian seaborne crude following the start of the Ukraine war in 2022. The purchases have fueled a backlash from Western nations.

China's Hengyi Petrochemical to proceed with Brunei refinery expansion

The expansion aims to enhance Hengyi’s refining and petrochemical capabilities while supporting Brunei’s downstream industrial development.

Opinion: U.S. oil refiners win, Chinese rivals lose in Trump’s Venezuela strike

Speaking on Saturday after announcing Maduro’s arrest on Truth Social, Trump said he would maintain the U.S. embargo on exports of sanctioned Venezuelan crude oil for now, but also stated that the U.S. would run Venezuela "for a period of time," suggesting U.S. restrictions could be lifted very soon.

Phillips 66 Limited agrees to acquire Lindsey Oil Refinery assets

PBF Energy provided an update on efforts to rebuild its Martinez refinery

C2X to deliver 3.6 MM metric tons of carbon removal to Microsoft over 12 yrs

Technip Energies completes acquisition of Ecovyst’s Advanced Materials & Catalysts business

Peru opens state-owned Petroperu to private investment after reorganization

India asks refiners for weekly Russian oil import data as it seeks U.S. trade deal

India became the biggest buyer of discounted Russian seaborne crude following the 2022 outbreak of the Ukraine war. But those purchases have fueled a backlash from Western nations, which have targeted Russia's energy sector with sanctions, arguing that oil revenues help fund Moscow's war effort.

Serbia's NIS gets U.S. approval to resume production in its refinery

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) imposed sanctions on NIS in October as part of broader measures against Russia's energy sector after granting a series of waivers since January.