Europe
Indian refiners shift oil strategy, trim Russian buys and turn to Middle East
Indian refiners are redrawing crude import strategies to shift away from top supplier Russia and boost imports from the Middle East, a move that could help New Delhi clinch a trade deal with the United States to lower tariffs.
VaroPreem CEO: Refining is 'critical infrastructure' for Europe
Europe built its last major refinery in 1975 and has shut dozens of facilities over the past 30 yrs as its oil production declined and its aging plants struggled to compete with modern facilities in China, India and the Middle East.
Gazprom Neft provisionally agrees to sell NIS stake to Hungary's MOL
NIS supplies about 80% of Serbia's fuel market and holds around half of the retail segment.
Diesel exports from Russia's Primorsk may jump to record high in January
In December, exports via Primorsk, Russia’s largest outlet for ultra-low-sulfur diesel shipments, climbed 35% month-on-month to 1.7 MMt.
Moeve and Galp negotiating to combine downstream activities to form leading European energy and mobility platforms
Russia's diesel exports jump 40% in December on higher fuel output
Russia's seaborne diesel and gasoil exports surged by nearly 40% in December from November to about 3.41 MM tonnes (t), driven by higher fuel production and a seasonal drop in domestic demand.
- Bechtel greenlit for Sabine Pass Liquefaction expansion in Southwest Louisiana (U.S.) 5/29
- Philippines receives rare Iranian crude cargo after wartime disruption 5/29
- Gazprom and Sibur resume talks on possible ethane project to supply additional feedstock to the Kazanorgsintez petrochemicals plant 5/29
- European Commission debates policy shift to protect industry from China 5/29
- Mitsui seeks LNG investments to meet power demand from data centers 5/29
- Kenyan government backs Gulf fuel supply deals after opposition criticism 5/29

