Crude oil
Russia’s Lukoil lends Socar $1.5 B in deal to supply its Turkish STAR refinery
Private Russian oil producer Lukoil will lend Azeri state oil firm Socar $1.5 B as part of a broader deal that will allow Socar's 200,000-barrel-per-day Turkish STAR refinery to process Russian crude again.
Putin orders regulated prices for fuel oil, Russia's export ban stays
Russian President Vladimir Putin has ordered the government to provide state funds to ensure a smooth heating season, including the introduction of regulated prices for fuel oil supplied for household heating in some regions.
Kuwait's Kipic says third refinery at Al Zour oil compound to start operation before end of October
Operations of the third refinery at Al-Zour petroleum complex will begin within a few weeks, "specifically before the end of October."
India buys less Russian oil while Turkey increases its purchases
India's share of Russian Urals oil shipments in September declined from August amid refinery maintenance, while Turkey increased purchases due to a shortage of sour barrels in the Mediterranean.
Saudi Arabia, Russia to continue voluntary oil cuts
Saudi Arabia and Russia said they were continuing voluntary oil cuts to year end as tightening supply and rising demand support oil prices.
Blast at illegal Nigerian oil refinery kills 37 people
At least 37 people, including two pregnant women, were burned to death after a blast at an illegal oil refinery in southern Nigeria.
Spain, IEA back Dutch call to phase out fossil fuel subsidies
Spain's energy minister and the head of the International Energy Agency backed the Netherlands' call for an international coalition to phase out fossil subsidies.
India increases windfall tax on petroleum crude, reduces tax on aviation turbine fuel and diesel
The Indian government increased windfall tax on petroleum crude, while reduced it on aviation turbine fuel and diesel, according to a government notification.
Cnergyico imports Pakistan's first private-sector Russian crude cargo
Pakistan refiner Cnergyico has imported the country's first private-sector shipment of Russian crude oil as the cash-strapped nation takes advantage of Moscow's discounts on its oil exports.
ADNOC top exec says oil and gas could remain relevant until 2050
Oil and gas will remain a relevant part of the energy mix until potentially 2050, Musabbeh Al Kaabi, Executive Director of Low Carbon Solutions and International Growth at Abu Dhabi National Oil Company said during an energy conference in Abu Dhabi.
- European Commission unveils plan to drop ICE ban in the EU 12/18
- U.S. EPA expects to finalize biofuel rules in first quarter of 2026 12/18
- German cabinet approves draft biofuels law, food-based ingredient use to continue 12/18
- NextChem opens new plastic upcycling plant in Italy 12/18
- Ineos' Sir Jim Ratcliffe calls on Europe's politicians to take immediate action to protect the European chemical industry 12/18
- MB Energy expands aviation fuel supply to airlines at Copenhagen Airport 12/18
