Topic
refining
35 stories related to this topic, newest first.
nypost.comworld3 days ago
Ukrainian Drone Strikes Cut Russian Refining Capacity, Triggering Fuel Shortages and Price Rises
Fuel shortages and price increases have spread across more than 50 Russian regions. Stavropol recorded gasoline at 150 rubles per liter, or about $7.50 per gallon, at independent stations.
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moneycontrol.comfinance3 days ago
European Diesel Refining Margins Hit Record Above $60 per Barrel as Fuel Prices Rise
Diesel margins in Europe reached over $60 per barrel on July 9. The NYMEX 3-2-1 crack spread also set a record at $64.58 per barrel on July 8 amid export bans and low inventories.
rigzone.comfinance9 days ago
Ukraine Drone Strikes Take 25% of Russian Oil Refining Capacity Offline
Fortune reported that months of Ukrainian drone attacks on Russian oil facilities have produced widespread fuel shortages. Motorists in multiple regions now face long lines at gas stations while authorities ration supplies.
politics7 days agoUpdated
Russian strike on Kyiv kills at least 30 after Ukrainian attacks cut one-third of Russia’s refining capacity
Russia launched waves of missiles and drones at Kyiv early Monday, killing at least 12 people and wounding 60 more. The attack followed a warning from President Volodymyr Zelenskyy and came days after a Thursday strike that killed 31.
politics10 days agoUpdated
Ukrainian Strikes Cut One-Third of Russian Oil Refining Capacity
Drone attacks since March damaged more than 50 Russian facilities and reduced refining output sharply. Gasoline production fell 17 percent while diesel prices rose more than 40 percent since spring.
indiatoday.intoday.infinance12 days ago
Ukrainian Drone Strikes Reduce Russian Refining Capacity by 30 Percent
Ukrainian drone strikes have cut Russian oil-refining capacity by roughly 30 percent. Russia has begun seaborne gasoline imports from India to offset the resulting shortfall. Officials plan to bring in 400,000 metric tons monthly from India and other suppliers.
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Abc Newsbusiness12 days ago
Ukrainian drone strikes cut Russian oil refining by 25 percent
Ukrainian drone attacks on Russian oil facilities have reduced domestic fuel production and prompted rationing across more than half the country's regions. Officials have restricted gasoline exports and reported lines at gas stations in multiple areas.
The Independentworld15 days ago
Ukrainian Drones Strike Moscow Oil Refinery for Second Time in Three Days
Ukrainian drones hit an oil refinery in Moscow last week in the second such attack in three days, The Independent reported. The strikes form part of a broader campaign that has reduced Russian refining capacity and crude output.
rferl.orgbusiness18 days ago
Ukrainian Strikes Knock Out Over 20 Percent of Russia's Refining Capacity
Drone attacks have triggered mandatory fuel sales limits in at least 17 regions and private restrictions in dozens more. The Kapotnya refinery near Moscow will remain offline until at least the end of 2026.
rferl.orgbusiness19 days ago
Moscow Oil Refinery Likely Offline Until 2027 After Drone Strikes
Two Ukrainian drone strikes in mid-June damaged a key refining unit at the Moscow Oil Refinery, which processes 11.6 million metric tons of crude annually. Russia faces a 25 percent drop in gasoline output and has approved measures to boost domestic supplies.
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investopedia.comfinance21 days ago
China Refining Falls to Four-Year Low in May as Imports Drop and Stocks Are Drawn Down
Processing reached 54 million tonnes while imports dropped to 33 million tonnes. The declines followed disruptions in the Strait of Hormuz and drew down inventories by 2 million tonnes.
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thehindubusinessline.comfinance23 days ago
G7 Creates Critical Minerals Alliance to Diversify Supply Chains
Leaders pledged coordinated investment in processing capacity, stockpiles, and data sharing to reduce reliance on concentrated supply chains. The move targets China’s dominance in refining and magnet production.
MarketWatchfinance26 days ago
Oil Stocks Track Energy Sector Moves
Oil and gas companies span upstream exploration, midstream transport and downstream refining. Investors evaluate debt levels, dividend stability and cash reserves when selecting holdings in the sector.
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foxnews.comfinance28 days ago
Russia Extends Lower Fuel Standards and Bans Exports of Gasoline, Diesel, and Jet Fuel
Moscow has extended relaxed environmental rules for some refineries and widened export bans on gasoline, diesel and jet fuel. The measures follow intensified Ukrainian strikes on Russian refining and supply infrastructure.
koreatimes.co.krworld41 days ago
South Korea and African Nations Discuss Mutual Economic Cooperation in Multiple Sectors
Seoul asked Libya to support South Korean firms in oil and refining during June 1 talks. Additional meetings with Chad and Zimbabwe focused on development, minerals and infrastructure.
indiatoday.intoday.infinance47 days ago
Russia Plans Diesel and Aviation Fuel Export Ban After Refinery Strikes
The Russian government is finalizing a ban on diesel and aviation fuel exports after Ukrainian drone strikes reduced national refining capacity by one quarter. Four major refineries processing 238,000 tons per day were hit in recent weeks.
cnbc.comscience47 days ago
Venezuela Reforms Oil Law as Lake Maracaibo Faces Ongoing Spills
Venezuela changed its hydrocarbons law in January to allow broader private investment in extraction, refining and distribution. Residents and activists near Lake Maracaibo report frequent oil spills and say enforcement of existing environmental rules remains limited.
rnz.co.nzworld56 days ago
Ghana Proposes 30% Gold Sales Requirement for Large Mines
Ghana plans to require large-scale gold mines to sell at least 30% of annual output to the central bank. The measure aims to increase local refining and strengthen foreign-exchange reserves.
South China Morning Postfinance57 days ago
China Debuts First Domestically Produced Racing Fuel at Taklimakan Rally
China introduced its first mass-produced racing-grade fuel at the 2026 China Taklimakan Rally in Urumqi. The fuel was developed by Sinopec Group institutes and Zhenhai Refining & Chemical.
uctoday.comworld58 days ago
Reporter Traces South American Gold to Royal Canadian Mint
A New York Times investigative reporter examined the origins of gold used by the United States Mint for investor-grade coins. The inquiry revealed that gold originating in South America was mixed with U.S. gold and sent to the Royal Canadian Mint for refining. The Royal Canadian…
medianama.comworld59 days ago
Brazil Court Orders Arrest of Private Refining Group Head
Brazil’s Supreme Court has ordered the arrest of the head of a private refining group. The order is part of ongoing efforts to address organized crime activity within the formal economy. The development was reported on May 15, 2026.
Semaforworld60 days ago
African Energy Producers Accelerate Plans to Increase Output
Countries across Africa have accelerated plans to boost energy independence following the Iran war. Senegal is seeking $7.5 billion in investment for a gas field discovered about a decade ago. Morocco and Nigeria have agreed to jointly develop a $25 billion pipeline while Africa'…
Substrate placeholder — needs reviewfinance62 days ago
Russian Urals Oil Trades at $2-4 Premium to Brent for June Delivery in Indian Ports
Premiums for Russian Urals crude have declined to $2-4 per barrel above Brent for June delivery cargoes in Indian ports. The drop comes amid weak refining margins, according to sources. @DeItaone reported the development on Tuesday.
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nationalobserver.comworld66 days ago
Explosion Shuts Down Chalmette Refinery in Louisiana
A large explosion at the 189,000-barrel-a-day Chalmette Refinery knocked the facility offline. The incident follows a Chevron refinery fire in California earlier this week. U.S. refining capacity has taken successive hits.
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rediff.comworld68 days ago
Ukrainian Drones Damage Units at Russia's Kirishi Refinery, Halting Processing
Russia's second-largest oil refinery, Kirishi, stopped processing on Tuesday following a Ukrainian drone attack that damaged three of its four crude distillation units. Ukrainian security services confirmed the strike, while local officials reported a fire in the area. The facili…
middleeasteye.networld76 days ago
Hengli Group Restructures Ownership of Singapore Oil Trading Unit Following US Sanctions on Refining Arm
China’s Hengli Group has altered the ownership structure of its Singapore-based oil trading arm following U.S. sanctions on its refining unit. The changes were made in response to the sanctions, according to people with knowledge of the matter. This development highlights ongoing…
bbc.co.ukworld80 days ago
Uganda's President Museveni Supports Proposed Oil Refinery in Tanzania
Uganda's President Yoweri Museveni indicated that Uganda could contribute crude oil to a proposed refinery in Tanga, Tanzania. Aliko Dangote pledged to lead the construction of a 650,000-barrel-per-day facility similar to one in Nigeria. The initiative aims to enhance local refin…
thezimbabwemail.comworld81 days ago
Zimbabwe Seeks Investment in Mineral Processing After Ban on Raw Exports
Zimbabwe's Vice President Constantino Chiwenga called for more investment in mineral processing and refining amid a shift to domestic value addition. The remarks came after a recent cabinet ban on exporting raw minerals and lithium concentrates. The government aims to boost local…
Steve Morgan / Wikimedia (CC BY-SA 3.0)finance82 days ago
Phillips 66 and Kinder Morgan Secure Shipper Commitments for Proposed Western Gateway Pipeline
Phillips 66 and Kinder Morgan announced they have obtained sufficient long-term shipper commitments to proceed with the Western Gateway Pipeline project. The pipeline aims to connect Midwest and Gulf Coast fuel supplies to Arizona and California markets. It comes amid refinery cl…
Wikimedia Commons (Public domain)world88 days ago
Fire Breaks Out at Major Australian Refinery, Impacting Fuel Supply
A fire occurred at a major refinery in Australia, leading to concerns about fuel supply disruptions. The incident has raised questions about the current state of refining capacity in the region.
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Substrate placeholder — needs reviewfinance92 days ago
Iran Plans to Restore 70-80% of Damaged Oil Refining Capacity in Two Months
Iran's oil ministry officials stated that damaged refineries and distribution facilities can regain 70 to 80% of their previous capacity within one to two months. The announcement follows damage to oil infrastructure, with targets including pipelines, storage depots, and aircraft…
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Substrate placeholder — needs reviewworld95 days ago
US-Iran Ceasefire Expected to Offer Limited Immediate Relief to Global Aviation Industry
Executives in the aviation sector have stated that the recent US-Iran ceasefire will not provide quick relief to the global industry. Jet fuel supplies are projected to stay constrained due to damage to refining capacity in the Middle East. This situation stems from prior conflic…
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Semaforworld96 days ago
Dangote Refinery Increases Exports Amid Middle East Supply Disruptions
Nigeria's Dangote refinery has increased its fuel exports in response to supply shocks from the Israel-Iran conflict. This move aims to enhance fuel availability in the region. Other African countries are also expanding their refining capacities to mitigate future disruptions.
Substrate placeholder — needs reviewfinance97 days ago
Ukraine Targets Russian Oil Infrastructure Amid Rising Global Oil Prices
Ukrainian forces have conducted attacks on Russian oil refining and shipping facilities as global oil prices increase due to the Persian Gulf conflict. These strikes aim to disrupt Russia's oil revenue, which funds its military operations in Ukraine. A recent attack occurred at R…
Substrate placeholder — needs reviewfinance98 days ago
Trump Expresses Desire to Seize Iran's Oil but Notes Domestic Opposition
Former President Donald Trump stated he would prefer to take Iran's oil due to its availability but acknowledged that the American public wants U.S. forces to return home. He also described the U.S. relationship with Venezuela as successful, citing ongoing oil refining in Houston…
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