MOL Group reaches historic milestone by bringing Azeri light crude oil from oilfield co-owned in Azerbaijan

MOL Group is transporting crude oil produced at its co-owned oilfield, the Azeri–Chirag–Gunashli in Azerbaijan, to Slovnaft Refinery in Bratislava.

2023 AFPM Annual Meeting: Continuing to drive progress and energy security through innovation

The 2023 AFPM Annual Meeting kicked off Monday in San Antonio, Texas. The AFPM Annual Meeting is the world's premier refining meeting, assembling key executives, decision-makers and technical experts from refining businesses, technology providers, contracting and consulting firms, and equipment manufacturers around the world.

Italy poised to decide whether to block Lukoil refinery sale

Italy's cabinet is expected to decide next week whether to use its anti-takeover powers to block the sale of a Lukoil-owned refinery to Cypriot private equity firm G.O.I. Energy.

ExxonMobil boosts fuel supply with $2-B Beaumont refinery expansion

ExxonMobil announced the successful startup of its Beaumont refinery expansion project, which adds 250,000 bpd of capacity to one of the largest refining and petrochemical complexes along the U.S. Gulf Coast. This is the largest refinery expansion in more than a decade will help meet growing demand for affordable, reliable energy.

CEO of Angola's new $1-B Cabinda refinery sees 2024 start-up

The Cabinda refinery project is one of three new refineries planned for Africa's second biggest crude oil producer aiming to reduce its dependence on importing almost all its domestic refined product needs.

Corteva, Bunge, Chevron partner to produce renewable fuels

Chevron is collaborating with agribusiness firms Corteva and Bunge to produce renewable fuels from canola crops.

Eni to supply biofuels to Italian logistics group

Eni has signed a two-year contract with Italy's Spinelli to power the company's trucks with diesel fuel produced from 100% renewable raw materials.

Citgo Petroleum posts record $2.8 B profit for 2022

Refiner Citgo Petroleum Corp reported record net profit of $2.8 billion for 2022 on strong motor fuel demand, high margins and refining output that exceeded its plants' listed capacity.

Indian fuel demand in February was the highest in 24 yr

India's fuel demand hit its highest level in at least 24 years in February, with industrial activity in Asia's third biggest economy boosted by cheap Russian oil.

Russia exporting diesel to Saudi via STS loadings

Russia is ramping up its diesel supplies to Saudi Arabia using ship-to-ship (STS) loadings in addition to direct supplies.