Economics

South Korea approves nearly $1.4-B petrochemical restructuring deal as supply glut weighs

UK targets Russia's Transneft in new sanctions on Ukraine war anniversary

The West has imposed tens of thousands of sanctions on Russia, including its oil sector, but has failed to bring Russian oil exports down by any significant amount. China, India and Turkey still buy Russian oil.

Solvay to reduce production at Torrelavega soda ash plant due to market conditions

Honeywell adjusts acquisition agreement for Johnson Matthey's Catalyst Technologies business down to £1.325 billion

Indian refiners' January crude processing slips 0.2% from a month earlier

On a year-on-year basis, refinery throughput was little changed in January. India is the world's third-biggest oil importer and consumer.

HIF Global and German eFuel One GmbH sign HoA for e-methanol offtake

MOL sources alternative oil supplies as Druzhba pipeline outage drags

Hungary's MOL group has ordered tankers delivering Saudi, Norwegian, Kazakh, Libyan and Russian oil to supply its Hungarian and Slovak refineries and halted diesel supplies to Ukraine as it scrambles to overcome an outage of the Druzhba pipeline.

U.S. refined product exports by tanker increase to > 6.3 MMbpd in January

Japan's oil and gas independence climbs to highest since 2009

The rise to the highest since 2009 is attributed to progress in energy development projects involving Japanese firms and a decline in oil and gas imports.

Former Lukoil-owned ISAB refinery in Sicily exits crisis procedure

The refinery - located in Priolo, Sicily - entered the procedure early last year to negotiate with creditors, after its ownership shifted from Russian oil group Lukoil to Cypriot private equity fund G.O.I. Energy.