Economics
Minimize risks and unlock profitability with opportunity crudes
This article focuses on new digital technologies that enable refiners to extract the most profit out of opportunity crudes.
bp plans to sell its mobility and convenience business in Austria
bp announced its intention to sell its mobility and convenience business in Austria.The marketing process will begin immediately, with the aim of reaching sale completion by the end of 2025, subject to regulatory and all relevant approvals.
China's Rongsheng Petchem opens Canada office, buys crude from Suncor
China's Rongsheng Petrochemical, China's largest independent refiner with capacity of 40 MMtpy or 800,000 bpd, has opened an office in Canada to buy Canadian crude and made its first purchase from local producer Suncor Energy.
Saudi Aramco looks to invest in Indian refineries
Saudi Aramco is in talks to invest in two planned refineries in India as the world's top oil exporter looks for a stable outlet for its crude in the world's fastest-growing emerging market
Signature Aviation brings blended sustainable aviation fuel to six new European locations
Signature Aviation has announced the expansion of its blended sustainable aviation fuel (SAF) offering at six new locations across Europe following multiple blended SAF supply agreements.
Brazil's diesel imports rise with Petrobras above parity
Brazil's diesel imports in March exceeded the same month in 2024, as Brazil's state-run oil firm Petrobras sold the raw material for several days at prices above import parity.
Shell unveils market strategy during Capital Markets Day
During Shell’s Capital Markets Day 2025, it unveiled the next steps in the execution of its strategy. Shell is strengthening its commitment to value creation and maintaining its focus on performance, discipline and simplification.
Trump to hit Venezuelan oil buyers with tariff, extends Chevron's wind down
U.S. President Donald Trump on Monday issued an executive order declaring that any country buying oil or gas from Venezuela will pay a 25% tariff on trades with the U.S., while his administration extended a deadline for U.S. producer Chevron to wind down operations in the South American country.
How Russian energy trade might change if sanctions are eased
As talks aimed at ending the war in Ukraine continue, a potential relief in sanctions imposed on Russia, including its vast energy sector, is one of the issues on the agenda.
China's Sinopec to prioritize risk control in Russian oil purchases
Top Chinese refining major Sinopec Corp. will prioritize "risk control" in purchasing Russian oil, which has similar quality for its value versus competing global supplies.
- Phillips 66 greenlights new gas plant and fractionator projects, advancing integrated wellhead-to-market strategy 5/18
- OXEA and Air Liquide renew syngas and hydrogen supply agreement for Oberhausen site 5/18
- BASF boosts refinery catalyst innovation with new R&D center in Attapulgus, Georgia (U.S.) 5/18
- Aster and Puraglobe sign MoU to bring world-leading re-refining technology to Asia 5/18
- U.S. oil refiners finally profit from biofuels due to mandates, high fuel prices 5/18
- China's April oil throughput hits lowest since August 2022, inventories rise 5/18
