Europe
Indian refiners shift oil strategy, trim Russian buys and turn to Middle East
Indian refiners are redrawing crude import strategies to shift away from top supplier Russia and boost imports from the Middle East, a move that could help New Delhi clinch a trade deal with the United States to lower tariffs.
VaroPreem CEO: Refining is 'critical infrastructure' for Europe
Europe built its last major refinery in 1975 and has shut dozens of facilities over the past 30 yrs as its oil production declined and its aging plants struggled to compete with modern facilities in China, India and the Middle East.
Gazprom Neft provisionally agrees to sell NIS stake to Hungary's MOL
NIS supplies about 80% of Serbia's fuel market and holds around half of the retail segment.
Diesel exports from Russia's Primorsk may jump to record high in January
In December, exports via Primorsk, Russia’s largest outlet for ultra-low-sulfur diesel shipments, climbed 35% month-on-month to 1.7 MMt.
Moeve and Galp negotiating to combine downstream activities to form leading European energy and mobility platforms
Russia's diesel exports jump 40% in December on higher fuel output
Russia's seaborne diesel and gasoil exports surged by nearly 40% in December from November to about 3.41 MM tonnes (t), driven by higher fuel production and a seasonal drop in domestic demand.
- OXEA confirms final investment decision for major capacity expansion at plant 7/10
- TotalEnergies ships to Asia the first cargo produced by the ECA LNG plant 7/10
- ADNOC L&S expands LNG fleet with order for four new carriers 7/10
- India's ONGC plans to build 13-MMbbl national strategic oil reserve 7/10
- Russian refineries, oil terminal, tankers hit, Ukraine says 7/10
- Tajikistan says it has 60 days' fuel in reserve amid Russian supply crunch 7/10
