Crude oil

Lukoil's Romanian refinery has alternative crude supplies

Romania's Petrotel Lukoil refinery, owned by Russia's Lukoil has found alternative fuel supplies and its petrol stations will not be affected by a ban on Russian imports, Energy Minister Virgil Popescu said on Monday.

U.S. oil refiner Valero, rivals pursue Chevron for Venezuelan crude

U.S. oil refiners that once were regular buyers of Venezuelan crude are jockeying to win access to coming cargoes chartered by Chevron Corp under a newly issued U.S. license, two people familiar with the matter said.

Lukoil-controlled Italy refinery will keep going despite oil embargo

An Italian oil refinery controlled by Russia's Lukoil still sees scope to remain operational despite a European Union embargo on Russian oil starting on Dec. 5, the company said, after Rome paved the way to place it in the hands of trustees.

Maire Tecnimont wins €80 MM EPCM refining contract in Greece

Maire Tecnimont announced that its subsidiary KT – Kinetics Technology has been awarded an EPCM contract by Motor Oil Hellas for a new C3 splitter unit to be implemented inside the Corinth Refinery.

Chevron can resume key role in Venezuela's oil output, exports

Chevron Corp received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring the South American country's crude oil to the United States.

China and India easing away from Russian crude oil may be temporary

There are signs that China and India are pulling back from buying Russian crude oil ahead of the Group of Seven nations' proposed price cap and a European Union ban on imports.

South Korea warns of supply disruptions, economic damage if truckers strike

South Korea's prime minister urged unionized truckers to scrap plans to go on strike this week to spare the economy what he called paralysis and irreversible damage, fueling fears for the post-pandemic recovery of global supply chains.

LUKOIL's Bulgarian refinery may shut down if it cannot export

LUKOIL Neftochim Burgas , Bulgaria's only oil refinery, may have to shut down if the government does not follow through on plans to allow the Russian-owned business to continue exporting, Chief Executive Ilshat Sharafutdinov said.

Workers at bp refinery will not help with restart unless wage demands met

Workers at bp's Rotterdam refinery, which is currently offline, will not help restart operations unless their wage demands are met, union leaders said on Monday.

Italy considers asking for EU embargo waiver to save Lukoil refinery

Italy is considering several options to save a Lukoil-owned refinery in Sicily, including asking the European Union for a temporary waiver on upcoming sanctions on Russian oil.