Crude oil
Kremlin sees no risk to fuel supply in Russia amid attacks on refineries
Ukraine has stepped up drone attacks on Russia's energy infrastructure, doubling the number of oil refineries targeted since the start of the year.
Oil market clock is ticking as supply crunch looms
Before the conflict began on February 28, few experts anticipated that Iran would actually shut down the Strait. Almost no one thought the obstruction would stretch into months.
China kept building its crude stockpile in April despite Iran crisis
The ongoing building of inventories by the world's biggest crude importer underlines that China is in quite a different situation to the rest of the world, which is burning through oil stockpiles to compensate for the loss of about 12 MMbpd of supply to the effective closure of the Strait of Hormuz.
UK defers import ban on diesel, jet fuel derived from Russian crude
The decision was criticized by lawmakers in Britain and Ukraine who accused the government of easing pressure on Russia and backtracking on promises to stop Moscow profiting from oil production to fund its war with Ukraine.
Digital Exclusive: The biggest obstacle to the refinery of the future is a mindset shift
Barring a few exemplary cases, refineries continue to rely heavily on manual interventions, reactive maintenance and periodic optimization reviews, leaving enormous value trapped inside their own processes.
China's April oil throughput hits lowest since August 2022, inventories rise
The run cuts were due to negative oil-processing margins, and Chinese independent refineries are expected to deepen the cuts in May despite Beijing urging small refiners to maintain fuel production.
Vietnam receives first cargo of Congo Djeno crude for Nghi Son refinery
The 200,000-bpd refinery had processed crude oil sourced almost entirely from Kuwait, but shipments have been disrupted due to the Iran war, forcing Vietnam to seek alternative suppliers.
Premiums for Russian ESPO Blend oil weaken on poor Chinese refining margins
China and India represent the two biggest markets for Moscow, and the price moves are capping its revenues.
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- Kremlin sees no risk to fuel supply in Russia amid attacks on refineries 5/21
