Economics

China oil refiners cushioned from Iran conflict with ample Iranian, Russian supply at hand

thyssenkrupp Uhde selected for biomass-to-methanol technology integration study for Nova Sustainable Fuels in Canada

ITT completes acquisition of SPX FLOW

In December 2025, ITT announced it had entered into a definitive agreement to purchase SPX FLOW for a total consideration of $4.775 B, funded through a combination of cash and equity.

Aramco’s gas strategy builds momentum with major progress towards growth target

Angola's state oil firm Sonangol seeks $4.8-B loan from China for refinery

The financing, if completed, will mark the first borrowing by the Southern African oil producer from China since 2017, when it opted to reduce its exposure to resource-backed loans.

South Korea approves nearly $1.4-B petrochemical restructuring deal as supply glut weighs

UK targets Russia's Transneft in new sanctions on Ukraine war anniversary

The West has imposed tens of thousands of sanctions on Russia, including its oil sector, but has failed to bring Russian oil exports down by any significant amount. China, India and Turkey still buy Russian oil.

Solvay to reduce production at Torrelavega soda ash plant due to market conditions

Honeywell adjusts acquisition agreement for Johnson Matthey's Catalyst Technologies business down to £1.325 billion

Indian refiners' January crude processing slips 0.2% from a month earlier

On a year-on-year basis, refinery throughput was little changed in January. India is the world's third-biggest oil importer and consumer.