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Oil Refining

All articles tagged with #oil refining

global-energy-crisis-news8 days ago•5 min saved

Rubio’s India Visit Focuses on Reliance Refinery Amid Trade and Energy Tensions

US Secretary of State Marco Rubio is visiting India’s Jamnagar refinery, the world’s largest single-site complex, to discuss energy cooperation and Venezuelan crude imports. The trip prioritizes business ties with Reliance Industries over diplomatic talks in New Delhi, reflecting strained US-India relations over trade and Russian oil. Rubio signaled that a US-India trade deal is close, while emphasizing India’s role in diversifying energy sources away from Russia.

via Al Jazeera|

#global-energy-crisis-news #marco-rubio #oil-refining

geopolitics24 days ago•128 min saved

Ukraine claims 51% of Russian oil refining capacity disabled amid deadly strikes

Ukraine asserts it has neutralized 51% of Russia's oil refining capacity, a claim that follows recent deadly strikes on Kharkiv and the deployment of AI-controlled turrets to intercept Russian drones. While Russian forces continue massive aerial assaults, Kyiv reports significant defensive successes and ongoing damage to Russian energy infrastructure.

via AP News|

#drone-warfare #geopolitics #kharkiv

energy-and-markets1 month ago•14 min saved

Dangote Launches Africa's Largest IPO, Valuing Refinery at $47 Billion

Aliko Dangote has launched the initial public offering for his Nigerian oil refinery, valuing the company at approximately $47 billion. The sale offers 4.1 billion shares at 525 naira each, aiming to raise $1.6 billion, or up to $2.1 billion with a greenshoe option. Proceeds will fund a $14.3 billion expansion to double capacity to 1.4 million barrels per day by 2029. The refinery, which began operations in 2024, has seen significant profit growth due to global supply disruptions.

via Crude Oil Prices Today | OilPrice.com|

#africa #aliko-dangote #energy-and-markets

energy1 month ago•0 min saved

Trump convenes refiners to tackle gas prices amid Venezuela deal

President Trump is meeting with U.S. oil refiners and fuel distributors to discuss expanding domestic refining capacity and lowering gasoline prices. The administration seeks near-term actions to pass through cost savings from increased Venezuelan crude supplies to consumers, a move aimed at addressing affordability concerns ahead of the midterm elections.

via CNBC|

#energy #energy-policy #gas-prices

world3 months ago•13 min saved

Drones Push Russia’s Oil Industry Toward Crisis and Petrol Imports

Ukrainian drone strikes have hammered Russia’s oil industry, pushing refinery runs to multi-decade lows, triggering a domestic petrol shortage with price spikes and regional sales restrictions, and raising the prospect that Moscow may become a petrol importer as it struggles to repair facilities.

via EUobserver|

#drones #fuel-crisis #oil-refining

world3 months ago•5 min saved

Russia's Oil Refineries Slump to 21-Year Low Amid Ukraine Attacks

Russia’s crude processing rate fell to about 3.91 million barrels per day in July 2026, the lowest since 2005 and about 1.4 million bpd below last year’s average, as Ukraine’s strikes damaged up to 24 of Russia’s 34 large refineries over the past 100 days. The drop coincides with a nationwide fuel shortage and rationing, plus export bans on gasoline, jet fuel, and diesel, while Moscow eyes imports from India and Kazakhstan and vows retaliation.

via Kyiv Post|

#fuel-crisis #oil-refining #omsk-refinery

world3 months ago•6 min saved

Ukraine hits Russia's fuel lifelines to Crimea, widening energy crisis

Ukraine intensified strikes on Russian tankers and energy infrastructure supplying Crimea, and on refineries inside Russia, triggering fuel shortages in Crimea and in parts of Russia while Moscow seeks to reroute supplies; Kyiv says the strikes aim to disrupt Russia's energy logistics, with Zelenskyy urging decisive use of air power in the war.

via Al Jazeera|

#crimea #drones #fuel-supply

world3 months ago•7 min saved

Russia's petrol queues test public patience as war drags on

Russia is experiencing a domestic fuel shortage with long queues at petrol stations across cities, including Moscow, as Ukrainian drone and missile strikes hit refineries. Authorities have increased imports, subsidized prices, and allowed lower-grade fuel, but prices are rising and public concern is growing. Polls show Putin's support slipping, and while Western hopes of pressuring him to change course exist, analysts widely view such a shift as unlikely; the crisis may instead weigh on Russia's economy as the war continues.

via BBC|

#fuel-shortage #oil-refining #putin

world3 months ago•2 min saved

Ukrainian Drones Strike St. Petersburg Oil Hub, Disrupting City Infrastructure

Ukrainian long-range drones struck the St. Petersburg region, hitting an oil terminal and a Baltic Sea port and briefly disrupting flights and mobile networks; Russia says it intercepted hundreds of drones, while Kyiv claimed hits on oil infrastructure and the Kronstadt naval base. Separately, a gas production facility in the Poltava region was attacked, with operations suspended, as fuel shortages and refinery strikes compound energy disruptions amid the war.

via Al Jazeera|

#drones #oil-refining #russia

world4 months ago•7 min saved

Southern Russia's Afipsky Refinery Ablaze After Ukrainian Strike

A fire erupted at the Afipsky Oil Refinery in Krasnodar Krai after overnight Ukrainian drones/missile activity, with debris causing damage in the town and a gas-substation incident. The refinery fire was extinguished by about 7:30 a.m. local time, while authorities reported injuries in the region and a state of emergency in Afipsky as part of a broader wave of attacks on Russian targets.

via The Kyiv Independent|

#afipsky-oil-refinery #krasnodar-krai #oil-refining

business4 months ago•3 min saved

Fuel Crunch Expands Across 20 Regions as Ukraine Strikes Hit Russia's Refineries

Drone strikes on Russia's refineries have triggered gasoline and diesel rationing across at least 20 Russian regions and occupied Ukrainian areas, with per-vehicle caps and shortages reported from Ryazan to Crimea, signaling a broader blow to Russia's fuel supply and economy.

via UNITED24 Media|

#business #drone-strikes #gasoline-shortage

environment7 months ago•4 min saved

California Climate Rule Could Evolve Before May Vote

CARB chair Lauren Sanchez said updates to California’s cap-and-invest program remain open to changes after stakeholder feedback ahead of a May vote, with the plan potentially tightening emission credits and speeding reductions while boosting disclosures. The proposal has drawn backlash from industry and environmentalists, who warn it could raise costs for oil refiners and fuel, hasten refinery closures, and lift already high gas prices; supporters say it’s crucial to reach carbon neutrality by 2045. The measure extends the program to 2045, and California gas prices—about $5.48 per gallon—partly reflect the program’s costs (roughly 24 cents per gallon).

via New York Post|

#california #cap-and-invest #carb

world8 months ago•6 min saved

Russia’s Energy Attacks Aren’t Retaliation—They Target Civilians for War Disruption

The article argues Moscow’s mass strikes on Ukraine’s energy grid aren’t genuine retaliation for Kyiv’s actions but a deliberate tactic to cripple Ukrainian society by hitting civilian energy infrastructure. Ukraine counters with long-range strikes against oil production to hobble Russia’s war funding, while civilian harm and blackouts rise, highlighting stark differences in targets and raising concerns about the legality and morality of Russia’s approach.

via The Kyiv Independent|

#civilian-casualties #energy-infrastructure #oil-refining

world1 year ago•2 min saved

Russia Extends Fuel Export Bans Amid Ongoing Ukrainian Drone Attacks

Russia plans to partially ban diesel exports until the end of 2025 and extend gasoline export restrictions amid Ukrainian drone attacks on refineries, which have reduced Russian oil refining capacity and caused fuel shortages across the country.

via Reuters|

#diesel-exports #gasoline-restrictions #oil-refining

world1 year ago•1 min saved

Ukraine Attacks Major Russian Oil Refinery with Drones

A Ukrainian drone attacked a major Russian oil refining complex operated by Bashneft near Ufa, causing a fire and minor damage, with no casualties reported.

via South China Morning Post|

#bashneft #drone-attack #oil-refining