European refiners are facing increasing pressure to adapt to the energy transition, with several closures already underway and more expected in the coming years.
March 31, 2025
The week ending Mar. 28 saw crude oil futures experience volatility driven by a complex interplay of factors.
March 30, 2025
In 2024, US refineries achieved a record-high proportion of jet fuel production, driven by increased demand compared to other transportation fuels.
March 30, 2025
In Norway, Equinor Energy AS has awarded Technip FMC a contract for the Johan Sverdrup Phase 3 development in the Norwegian North Sea.
March 30, 2025
A Reuters survey of Asian refining and trading sources indicated on Mar. 28 that Saudi Arabia, the world's leading crude oil exporter, is likely to reduce the price of its oil for Asian delivery in May.
March 30, 2025
The American Petroleum Institute (API) and other industry stakeholders are raising significant concerns about the US Trade Representative's (USTR) proposal to impose substantial port fees on Chinese-built vessels.
March 30, 2025
The country's upcoming federal elections are centered on a strategic pivot to diversify oil and gas markets away from the US, largely due to concerns over proposed US tariffs.
March 30, 2025
US President Donald Trump has announced a 25% "secondary" tariff on any nation purchasing oil and gas from Venezuela, aiming to cut revenue for Nicolás Maduro's regime and pressure China, a major buyer.
March 30, 2025
Indian refiners are reducing their spot market crude oil purchases as Russian supplies recover from sanctions-related disruption
March 30, 2025
The US biomass-based diesel industry, spurred by renewable diesel, has grown significantly to 6.4B gal (24.23B liters) in capacity.
March 30, 2025
