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Crude oil

The heavy toll on sulfur blocks

Fluor: Chaudhuri, D.  |  Ruit, H.

The tightening of environmental norms and emissions specifications provides additional challenges to refining.

Maire Tecnimont wins €80 MM EPCM refining contract in Greece

Maire Tecnimont announced that its subsidiary KT – Kinetics Technology has been awarded an EPCM contract by Motor Oil Hellas for a new C3 splitter unit to be implemented inside the Corinth Refinery.

Chevron can resume key role in Venezuela's oil output, exports

Chevron Corp received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring the South American country's crude oil to the United States.

China and India easing away from Russian crude oil may be temporary

There are signs that China and India are pulling back from buying Russian crude oil ahead of the Group of Seven nations' proposed price cap and a European Union ban on imports.

South Korea warns of supply disruptions, economic damage if truckers strike

South Korea's prime minister urged unionized truckers to scrap plans to go on strike this week to spare the economy what he called paralysis and irreversible damage, fueling fears for the post-pandemic recovery of global supply chains.

LUKOIL's Bulgarian refinery may shut down if it cannot export

LUKOIL Neftochim Burgas , Bulgaria's only oil refinery, may have to shut down if the government does not follow through on plans to allow the Russian-owned business to continue exporting, Chief Executive Ilshat Sharafutdinov said.

Workers at bp refinery will not help with restart unless wage demands met

Workers at bp's Rotterdam refinery, which is currently offline, will not help restart operations unless their wage demands are met, union leaders said on Monday.

Italy considers asking for EU embargo waiver to save Lukoil refinery

Italy is considering several options to save a Lukoil-owned refinery in Sicily, including asking the European Union for a temporary waiver on upcoming sanctions on Russian oil.

Refiner Slovnaft to cut Russian oil intake to 60%

Slovakia's sole oil refiner Slovnaft will cut the share of Russian oil in its processing activities next year to about 60% from about 95% and use other blends to comply with sanctions on Russia, the company said.

Lukoil urged to keep Sicilian refinery running as talks drag on

The plant has had to rely solely on Russian oil provided by Lukoil after its creditor banks halted financing and stopped providing guarantees needed to buy oil from alternative suppliers.