Keywords: Oil refining
India's largest oil refiner, Indian Oil Corporation (IOC), is exploring the acquisition of stakes in very large gas carriers (VLGCs) as part of a strategy to strengthen its logistics capabilities and prepare for increased imports of liquefied petroleum gas (LPG) from the United States. According......
U.S. refiner HF Sinclair delivered a stronger-than-expected second-quarter performance, benefiting from improved refining margins and increased demand for American fuel exports amid ongoing geopolitical tensions in the Middle East. The Dallas, Texas-based energy company reported adjusted earnings of......
SK Innovation announced stronger-than-expected first-quarter profits while warning that the recovery of its refining business could take longer despite possible improvements in geopolitical conditions. The South Korean energy group, which owns SK Energy, stated that production and logistics operations......
China’s top economic planning body has announced plans to curb excess production capacity in major heavy industries, including steel and oil refining, as the country continues to struggle with persistent overproduction across key commodity sectors. The National Development and Reform Commission......
On January 27, the ongoing Russia-Ukraine war saw continued violence and diplomatic exchanges. In the eastern Ukrainian city of Pokrovsk, Russian artillery fire resulted in the death of one woman and the injury of four others in nearby Kostiantynivka. Ukrainian military expert Andriy Ryzhchenko pointed......
In 2024, global crude oil exports experienced a 2% decline, marking the first decrease since the COVID-19 pandemic, according to shipping data. This reduction is attributed to slower demand growth and significant changes in refinery operations and pipeline routes. The global oil market has faced disruptions......
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