Crude oil

Russian ESPO premiums ease on weak Chinese refining margins

Spot premiums for Russia's Far East ESPO Blend crude oil delivered to China in June have eased as weak refining margins curbed demand from independent refiners.

Czechs discussing possible fuel supplies from Slovakia

Russia to stop Kazakh oil flows to German PCK refinery via Druzhba

The move deals a blow to the PCK Schwedt refinery, which supplies most of the German capital's fuel and relies on Kazakhstan for 17% of its supplies.

Kenya, Tanzania and neighbors discuss joint refinery as Dangote offers to build it

East Africa currently imports all of its refined petroleum products, mainly from the Middle East, leaving the region vulnerable to supply disruptions and price spikes as seen in the fallout of the Iran conflict.

Asia deepens refining cuts due to Iran war, putting diesel and jet fuel supplies at risk

Asia, which accounts for 37% of global refining output and ordinarily sources two-thirds of its crude from the Middle East, has been hardest-hit by the closure of the Strait of Hormuz, with run cuts at refiners in the region exacerbating tight fuel supply and keeping prices elevated.

Pumps & Valves Innovation Conference Brings Program for Operators, Engineers to the Gulf Coast

Malaysia's palm oil-based biodiesel push to add 300,000 tpy in demand

What's in the EU's 20th package of sanctions against Russia?

The EU had initially aimed to adopt the package to mark the fourth anniversary of Russia's full-scale invasion of Ukraine on February 24.

Europe's response to the Iran war energy crunch

Central to the EU proposals is a focus on reducing reliance on oil and gas, to cushion against future fossil fuel supply disruptions and price spikes.

Iran war may crush oil demand today, but send it soaring long term

Spiking energy security concerns and greater fragmentation could lead to a less efficient, more voracious global energy system.