Refining

Brazil's Petrobras to auction 20 MM liters of diesel amid shortage reports

A spike in diesel prices is emerging as the first and most immediate threat to Brazil's farm sector from the U.S.-Israeli attacks on Iran, raising costs for producers harvesting a record soybean crop and planting corn they cannot afford to delay.

IEA announces record release of strategic stocks in response to Iran war oil price surge

The IEA said the release had been backed unanimously by 32 member countries, the sixth such move it has made since its creation in the 1970s.

Chevron Lummus Global expands portfolio with Fischer-Tropsch liquids upgrading solutions

Previously licensed by Chevron U.S.A. Inc., these solutions deliver premium products such as Group III/III+ base oils, sustainable aviation fuel (SAF), and high-quality jet and diesel fuels with unmatched reliability, efficiency and consistently high performance.

Axens signs MoU with Airbus to accelerate SAF deployment

INA completes Rijeka refinery upgrade project in Croatia

Taiwan's Formosa Petchem issues force majeure as Iran war disrupts feedstock delivery

For refined fuel products such as diesel, jet fuel and gasoline, the company is still proceeding with its export deliveries for March and April, although there is likely to be no spot availability for April.

Equilibrion and Rolls-Royce sign MoU to advance SAF using nuclear energy

U.S. fuel exports see slight uptick in 2025

Iran war causes major oil, gas disruptions

The U.S.-Israeli war on Iran and Tehran's attacks on Gulf neighbors have disrupted oil and natural gas exports from the Middle East and forced production stoppages.

Asia refineries, petchem firms cut runs as Middle East conflict disrupts feedstock supplies

Asian steam crackers, which source more than 60% of their naphtha feedstock from the Middle East, have been quick to declare force majeure on petrochemical supplies to customers.