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Crude oil

Head of Hungary's MOL sees no reason to wean off Russian oil

The head of Hungarian oil and gas giant MOL has said he sees no advantage in Hungary weaning itself off Russian oil supplies, and dismissed warnings of fuel shortages in the country as “politics.”

China's newest refiner Yulong stocks up on Russian oil ahead of startup

China's newest mega refiner Shandong Yulong Petrochemical has stepped up purchases of Russian crude oil cargoes for September arrival ahead of a planned test operation of its new plant.

Update: Slovakia, Hungary rebuff EU call to replace lost Russian oil via Croatia

Slovakia and Hungary on Friday rebuffed a European Commission (EU) suggestion that they could replace lost Russian oil supplies via an alternative route through Croatia, saying it was too costly.

Canada's crude oil has an increasingly significant role in U.S. refineries

Crude oil imports from Canada have become increasingly important to U.S. oil refineries, now making up most U.S. imports.

Update: Ukraine PM says Lukoil sanctions do not threaten Slovakia's energy security

Kyiv's sanctions prohibiting the transit of oil from Russian producer Lukoil do not pose a threat to Slovakia's energy security, Ukraine's prime minister said on Wednesday.

Angola's new 30,000-bpd Cabinda refinery to start up later this year

Angola’s new Cabinda crude oil refinery is on track to start up later this year before ramping up to full first phase production of 30,000 bpd by July next year.

Decarbonizing steam crackers: Key technical challenges of transitioning from natural gas to hydrogen

SCG Chemicals Co. Ltd.: Wattanasoponvanij, S.  |  Tanthapanichakoon, W.  |  Lourvanij, K.
Chulalongkorn University: Soottitantawat, A.

In the petrochemical industry, olefin crackers utilize significant amounts of heat to crack hydrocarbons into essential chemicals, such as olefins and aromatics.

Libya's NOC denies it is in talks to supply crude oil to Nigeria refinery

Libya's National Oil Corporation (NOC) has denied holding negotiations to supply crude oil to a refinery in Nigeria.

Nigeria's Dangote refinery said to be reselling crude

Nigeria's major Dangote oil refinery is reselling cargoes of U.S. and Nigerian crude, four trade sources familiar with the matter said on Friday.

Mexico seeks more 2025 fuel import deals after refinery delays

Mexico is seeking to import more motor fuel for next year than it had previously planned, to compensate for delays in the startup of its new Olmeca refinery.