Economics

INEOS' CEO, Jim Ratcliffe, calls on European politicians to make 11th hour intervention to save Europe's chemical industry

Aramco completes acquisition of additional stake in Petro Rabigh

Taiwan says private refiners willing to stop buying Russian naphtha

While Taiwan joined the United States and major Western allies in putting broad sanctions on Russia after it invaded Ukraine in 2022, it did not explicitly ban imports of energy.

Ineos cuts workforce at UK acetyls plant, cites energy costs and anti-competitive trade practices

Belarus ramps up fuel exports to gasoline-thirsty Russia

Several Russian regions have introduced rationing and have temporarily frozen fuel prices in recent weeks amid a scarcity of popular types of gasoline brought on by the drone strikes, which targeted refineries among other energy installations. Moscow has also restricted gasoline and diesel exports.

INEOS to close two Rheinberg plants as Europe’s chemical industry hits breaking point

INEOS has confirmed the intention to shut two production units in Rheinberg, Germany. The closures are the direct result of crippling energy and carbon costs, and a lack of tariff protection.

Q3 2025 refining analysis: Stable crude oil prices, increasing refinery margins

Why do private gasoline retailers in Indonesia face shortages?

Many fuel stations operated by companies such as Shell, bp and others have run out of gasoline and are left selling only diesel, frustrating customers.

Phillips 66 to book $100-MM charge as it winds down Los Angeles (U.S.) refinery

These include around $70 MM to mitigate groundwater contamination, and about $30 MM for its midstream segment to retire transportation assets.

Update: Nigeria oil union calls off strike after talks with Dangote Petroleum

The strike was called after the Dangote refinery—Africa's largest with a crude processing capacity of 650,000 bpd—dismissed more than 800 unionized staff.