Europe
Rosneft’s Ryazan refinery suspended crude processing after drone strike
Ukraine has ramped up drone attacks deep inside Russia, aiming to knock out oil refineries, depots and pipelines. Ukrainian drones have struck at least 17 major refineries this year.
Global oil refining profits surge and may stay strong
The strength in margins contrasts with crude oil markets coming under pressure from an expected oversupply, and has defied expectations earlier this year that the rally could prove to be a short-term blip due to the impact of tariffs.
ExxonMobil to close Scottish chemicals plant in 2026 amid market uncertainty
European chemicals producers, the European Union's fourth-biggest exporting sector after machinery, automotive and pharmaceuticals, have come under pressure from soaring energy costs following Russia's invasion of Ukraine and aging infrastructure, deepening their reliance on imports of key feedstocks such as ethylene and propylene.
BASF, ExxonMobil join forces to advance low-emissions hydrogen through methane pyrolysis technology
The companies have signed a joint development agreement to co-develop methane pyrolysis technology, including plans to construct a demonstration plant aimed at commercial readiness.
Serbia has a week to resolve NIS refinery crisis, President Vucic says
Washington is seeking complete Russian divestment from NIS, which operates Serbia's only refinery, and on Saturday gave the company's owners three months to find a buyer.
Lukoil-Moldova grants free use of airport fuel terminal to government amid U.S. sanctions
The move aims to secure fuel supplies for stable airport operations as U.S. sanctions against the Russian-owned company take effect later this month.
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