Refining
Crimea freezes fuel prices, imposes rationing as shortages persist
Russia-controlled Crimea has frozen fuel prices and imposed gasoline rationing in response to shortages resulting from a spate of Ukrainian drone attacks on Russian oil refineries.
Update: Nigerian oil union launches nationwide strike after Dangote refinery dismisses workers
The walkout, launched on Monday, has escalated tensions in Africa's top oil producer, with analysts warning that if the dispute spreads to other unions, it could disrupt oil field operations, halt product flows and lead to fuel shortages at petrol stations.
Chinese refiner Yulong brings second steam cracker online
The refiner now operates two 200,000-bpd crude oil units at the $20-B complex built on a man-made island in the Longkou county of Yantai city.
Mexico's Pemex crude oil exports in August fall 32% year-on-year
Pemex's seven local refineries processed just over 1.05 MMbpd in August, up from the previous month.
Brazil oil regulator shuts Refit refinery over suspected irregular fuel imports
During the operation, authorities detained cargo from two ships carrying imported diesel oil destined for storage facilities in Rio de Janeiro and Sao Paulo.
Eni and five other oil companies fined by Italian competition watchdog
The regulator said that fines totaling more than €936 MM ($1.1 B) had been levied against Eni, Esso, Italiana Petroli (IP), Q8, Saras and Tamoil.
Nigeria's oil union orders halt of gas supply to Dangote refinery over mass sackings
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) directed branches at major oil firms to enforce an immediate halt to crude and gas deliveries to the refinery.
ReElement Technologies expands Noblesville refinery by 141% to accelerate rare earth and critical mineral production
American Resources Corp., through its holding in ReElement Technologies Corp., a U.S. innovator in rare earth element (REE) and critical mineral refining, announced the 141% expansion of its Noblesville critical mineral refining facility.
After sanctions, Indian oil refiner Nayara's exports find new markets
The privately-owned company halted exports for about two weeks after it was sanctioned by the European Union on July 18 for dealing in Russian oil.
Opinion: Ukraine strikes on Russian oil might be too successful for Trump’s liking
The conflict between Russia and Ukraine that began in 2022 took a sharp turn in recent weeks as Kyiv began to launch waves of drone attacks on Russian refineries, pipelines and export terminals.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
- U.S. liquid fuels groups announce progress on E15, small refinery exemption reform 12/5
- Million Air and Avfuel bring SAF to Austin, Texas (U.S.) 12/5
- Chinese refiners buy oil from storage, raise output with fresh import quota 12/5
