Crude oil
Industry Metrics
US refinery margins recovered as product markets were supported by strong domestic gasoline demand and temporarily tight sentiment fueled by the switch to summer-grade gasoline.
Iran secures two more European refiners as customers for its oil
Both refiners bought Iran's oil before sanctions against the country's nuclear program effectively halted its shipments to Europe, which had accounted for more than a third of its exports.
Refining’s silver lining fades at Exxon, Chevron
Growing fuel inventories and weak demand are now hammering the refining industry, turning a typical advantage for integrated oil companies on its head.
Looming gasoline glut threatens global recovery in crude oil prices
Several major gasoline importing countries have started to export, as excess supplies of fuels overflow storage facilities and erode refinery profits.
Kuwait oil, gas workers end three-day strike
Kuwaiti oil and gas workers have ended a three-day strike that had temporarily cut the OPEC member's crude production by nearly half, according to the trade union.
Nigeria’s NNPC fights for more crude cargoes to exchange for gasoline
The dispute has delayed some of the country's monthly oil export programs and added to confusion over just how much crude Nigeria has at its disposal to exchange for gasoline.
ExxonMobil exports first cargo of offshore US oil to Rotterdam refinery
The vessel carrying offshore oil from the US Gulf of Mexico departed from Gramercy, Louisiana, in early April and is expected to arrive in Rotterdam on April 19, according to the data.
China’s crude import growth slows as refining inventories swell
Independent refineries in China have been ramping up their crude processing rates and boosting fuel sales as low global oil prices provide higher margins.
Nigeria destroys two illegal oil refineries in Delta
The six people arrested, alleged to have been running a warehouse to store illegally refined products, were arrested in Rivers state. The navy also said it had destroyed two illegal refineries.
Union: Kuwait’s oil, gas worker strike remains on course for Sunday
"There are no negotiations between the unions and the government over the strike," Farhan al-Ajmi, head of the Petrochemicals Industries Co. workers union, told Reuters.
- EPA finalizes historic new renewable fuel standards to strengthen American energy security 3/30
- The role of integrated biorefineries in achieving alternative fuel goals 3/30
- Czech government agrees to release 100,000 tonnes of crude from reserves 3/30
- South Korea's LG Chem to import Russian naphtha 3/30
- Natural gas liquids exports reached record highs in 2025 3/30
- Australia’s biggest LNG plants suffer outages due to cyclone, straining global supply 3/27
