Crude oil

MERA Oil plans $5-B, 200,000-bpd refinery and energy export corridor outside the Strait of Hormuz

Glencore wins processing contract for Germany's Wilhelmshaven oil refinery

Shell profit more than doubles to $9.8 B, second-highest on record, as Iran war lifts prices

Australia's plan to build a new refinery faces several challenges

Brazil fuel subsidies to cost around 6.8 billion reais ($1.3 B) a month, minister says

Kuwait's KPC signs $16-B lease and leaseback deal for oil pipeline network

Under the investment called Project Peregrine, KPC's unit Kuwait Oil Company (KOC) is establishing a joint venture with the three global investors in a lease and leaseback structure for a 20.5-year period that includes a volume-based tariff.

Europe faces a long, cold winter as fuel buffers dwindle

Europe is heading into winter with alarmingly fragile energy supplies as the conflicts in the Middle East and Russia tighten global markets for liquefied natural gas and heating oil, pushing inventories to dangerously low levels.

Middle East crude premiums surge, Asian refiners seeking alternatives

The attacks in the Red Sea by Yemen's Iran-aligned Houthis came after renewed U.S. and Iran strikes in the Middle East and shipping blockades on traffic through the Strait of Hormuz again choked oil shipments through that crucial waterway, slowing crude oil and fuel exports to Asia.

Opinion: Cutting off Red Sea oil route may be one crisis too many

Nearly two weeks into the renewed conflict between the United States and Iran, tensions in the Middle East rose sharply after the Iran-backed Houthi militia on Monday declared a blockade against Saudi vessels seeking to pass through the Bab el-Mandeb Strait at the southern entrance to the Red Sea.

India's surging refined product exports ease Asia fuel crisis

India has been buying Russian crude and ramping up exports of refined products to help offset lower shipments from refineries in the Middle East and Russia.