Crude oil

Gazprom tells Europe gas halt beyond its control

Gazprom has told customers in Europe it cannot guarantee gas supplies because of 'extraordinary' circumstances.

Dragos and Emerson announce partnership to bring OT cybersecurity to the industrial plant floor

Process industries such as oil & gas, chemical, food & beverage, pharmaceutical, pulp & paper, metals & mining, and dozens of others are rich targets for cyberattacks.

Karbala oil refinery to start production before year end

Production at Iraq's Karbala oil refinery south of Baghdad will begin by the end of the year.

The downstream rundown: In case you missed it 7/15

In case you missed any downstream news, here are the top stories from last week.

Oil settles lower ahead of potential large U.S. rate hike

Oil prices settled lower but pared nearly all losses after falling more than $4 earlier in the session as investors focused on the prospect of a large U.S. rate hike later this month that could stem inflation but at the same time hit oil demand.

Online Exclusive: Overhead automation and analytics lead to improved optimization of production and reliability

The efficient operation of crude oil distillation units (CDUs) improves profits and distillate yield while optimizing production costs and reliability. Simultaneously, it is possible to reduce caustic use, positively impacting downstream sodium impact resulting in increased fluidized catalytic cracking (FCC) catalyst costs, coker furnace fouling and other issues.

IEA chief says price cap on Russian oil should include refined products

Prices of refined products, such as gasoline and diesel, have soared even more than crude oil in the wake of the loss of Russian supply, because of a global refinery capacity crunch following the closure of several plants around the world.

Shell wants to share more of its blockbuster profits, CEO says

Shell is considering boosting shareholder returns on the back of bumper profits from soaring energy prices, while the extra cash will also help it shift more swiftly towards renewables and low-carbon energy.

U.S. refiners step up imports of gasoline-friendly West African crude

U.S. refiners last quarter imported West African oil at the highest rate in nearly three years, customs data showed, buying the gasoline-friendly crudes as they boosted motor fuel production to meet summer driving demand.

Venezuela's refining arm Citgo on the verge of yet another power shake-up

A new battle for control of Citgo Petroleum, the eighth largest U.S. oil refiner and Venezuela's foreign crown jewel, could soon be unleashed under a proposed management shake-up by the South American country's opposition lawmakers.