Economics

Russia to send crude oil and fuel to Cuba soon, Izvestia reports

Cuba is grappling with fuel shortages after the U.S. moved to choke off its oil supplies. The communist-run island has warned international airlines that jet fuel will no longer be available, the latest sign of fast-worsening conditions.

EIA: U.S. crude stocks increase by most in a year after storm hit refining, exports

U.S. crude stocks rose last week as refining and export activity slowed during a winter storm last month, while domestic output started to recover from the freeze.

BASF to further strengthen Global Business Services through global hub setup

Rosneft oil refinery in Germany warns of risks from U.S. sanctions

In a January letter, management of the PCK Schwedt refinery, controlled by Rosneft, made an "urgent appeal" to economy and energy minister Katherina Reiche to resolve a standoff with the United States over the refinery's future.

TotalEnergies takes over Zeeland refinery operations, Lukoil still owns 45%

Under the deal, Total supplies all the crude, pays for operations and takes all of the refinery’s output.

bp's Gelsenkirchen refinery attracts buyer's interest from Klesch

EU proposes service ban for Russian oil exports in new sanctions package

Russia exports over a third of its oil in Western tankers - mostly to India and China - with the use of Western shipping services.

Mexico seeking way to send fuel to Cuba without being hit by U.S. tariffs

The sources said high-level Mexican officials have been talking to U.S. counterparts in order to gain clarity on the scope of the tariff threat outlined by President Donald Trump in an executive order and see whether there was a way to deliver the much-needed fuel.

Nigeria's NNPC in talks with Chinese company on refinery rehabilitation initiatives

New study details several roadblocks on the way to a net-zero chemical industry