Keywords: Oil refining
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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