Crude oil

Valero prepares restart of Port Arthur, Texas (U.S.) oil refinery after blast

No injuries were reported from the blast, triggered after process fluid was released on unit 243.

Africa grapples with energy crisis as Iran war disrupts fuel supplies

The supply disruptions follow escalations in the U.S.-Israel conflict with Iran, which have hit oil and liquefied natural gas shipments through the Strait of Hormuz, a key route for about one-fifth of global energy supplies.

Germany unveils climate plan to cut emissions and fossil fuels

While the long-awaited 67-point program addresses concerns that Berlin's climate goals are at risk, it comes amid growing fears about soaring energy prices and oil and gas flow disruption due to the Iran war.

Valero shuts Texas refinery after explosion

India's Reliance buys 5 MMbbl of Iranian oil after U.S. waiver

Iranian oil, which in recent years has mainly been bought by Chinese independent refiners, is often rebranded as originating from another country.

Iran war deals harder blow to natural gas than oil

Key gas infrastructure - liquefaction plants in particular - is more complex and expensive to build and repair than the oil equivalent. That means oil refineries can often resume operations more quickly than liquefied natural gas export hubs after a shutdown.

French Energy Ministry considers increasing oil refining capacity

Refiners in India, elsewhere in Asia look to buy Iranian oil after U.S. waives sanctions

The Trump administration on Friday issued a 30-day sanctions waiver for the purchase of Iranian oil already at sea, U.S. Treasury Secretary Scott Bessent said.

China's Sinopec will not buy Iranian oil, wants to tap state reserves

The world's largest refiner usually sources roughly half of its crude oil needs from the Middle East, making it particularly exposed to the near-closure of the Strait of Hormuz amid the U.S.-Israeli war on Iran.

Damaged Russian tanker days away from Libyan shores, Italian official says

The tanker is currently in international waters falling under Libya's search and rescue zone, some 53 nautical miles (98 km) north of the capital Tripoli.