Topic
refining
11 stories related to this topic, newest first.
Yonhapworld2 hrs ago
South Korean refiner shares rise while broader market falls after Russia bans diesel exports
SK Innovation and S-Oil shares climbed more than 5 percent on July 13 after Russia halted diesel exports. The move followed Ukrainian attacks on Russian refineries and tightened global supplies.
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.
Yonhappolitics7 days ago
South Korean Prosecutors Indict HD Hyundai Oilbank in 26 Trillion Won Price Case
Seoul Central District Prosecutors indicted HD Hyundai Oilbank Co. and two officials Monday for colluding on petroleum price increases after the U.S.-Iran war. The direct collusion with SK Energy was valued at 14.2 trillion won, with a total market impact of 26 trillion won inclu…
Semaforbusiness17 days ago
Dangote Refinery plans $4 billion pan-African IPO at $40 billion valuation by end of 2026
Dangote Refinery will seek a $40 billion valuation in the largest IPO ever attempted in Africa. The offering would match the total value of all new listings on Nigeria’s exchange in 2025. The refinery reached full capacity earlier this year and expanded exports amid regional dema…
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investopedia.combusiness18 days ago
U.S. Refineries Raise Jet Fuel Output and Cut Gasoline Yield by 1.5 Points Each
U.S. refineries reduced gasoline yield by 1.5 percentage points and raised jet fuel yield by the same amount. The change resolved a jet fuel shortage without triggering summer supply problems.
LI
uctoday.comfinance24 days ago
Moscow Fuel Stations Limit Sales After Ukrainian Strikes Hit Refineries
Gasoline purchase limits have been imposed at stations in Moscow after Ukrainian drone strikes damaged two major refineries. Russian authorities have banned gasoline exports through July and lowered fuel quality standards to address shortages.
38north.orgfinance39 days ago
South Korea Jet Fuel Exports Rebound in May but Remain Below Pre-War Levels
South Korean refiners raised processing rates and shipped between 8.67 million and 9.46 million barrels of jet fuel last month. The rebound followed recovery in crude imports and strong arbitrage margins to the U.S. West Coast.
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.
foxtrotalpha.jalopnik.comfinance55 days ago
U.S. Refineries Boost Jet Fuel Production
U.S. refineries are producing jet fuel at record levels while reducing output of diesel and gasoline. The shift occurs as global supply constraints affect multiple transport fuels ahead of peak summer demand.
JA
blackenterprise.compolitics59 days ago
Nigeria's Dangote Completes $20 Billion Refinery After Years of Delays
Africa's richest man described how traders, shippers and subsidy beneficiaries delayed land access and tried to block the project that has now altered Nigeria's fuel market. The refinery sources 56 percent of its crude from Nigeria and has reduced the influence of import-dependen…
rigzone.comfinance63 days ago
Nigeria Signs Deal With Chinese Firms to Rehabilitate Port Harcourt and Warri Refineries
Nigeria's state oil company NNPC has signed a memorandum of understanding with two Chinese firms for the completion, operation and maintenance of the Port Harcourt and Warri refineries. The agreement follows more than $25 billion spent on previous rehabilitation attempts that fai…