Europe

Russian fuel crisis widens after Ukrainian attacks

Ukraine has stepped up drone attacks on Russian energy infrastructure in recent weeks targeting refineries and export terminals to reduce Moscow's export revenues, stir domestic discontent and push the Kremlin to peace talks.

Serbia's NIS oil company seeks seventh waiver of U.S. sanctions

NIS, majority-owned by Russia's Gazprom Neft and Gazprom, operates Serbia's only oil refinery in the town of Pancevo, outside the capital Belgrade.

HyOrc and Start Lda form JV to launch national green methanol platform in Portugal

The project supports Europe’s transition away from fossil fuels and aligns with decarbonization goals in shipping and heavy industry.

Fatal accident at Mongstad refinery

The deceased was employed by Crane Norway, a supplier of crane and lifting services at Mongstad.

Summer diesel margins tighten with European supply shift

This summer, Europe’s increased reliance on imports from the Middle East, coupled with conflict-related disruptions to refineries and escalating geopolitical tensions, contributed to a tightened global diesel market.

INEOS Inovyn to mothball its chloromethane production facility in Tavaux, France

INEOS Inovyn announced that is has mothballed its chloromethane production facility in Tavaux, France. The decision reflects persistently weak market demand, regulatory challenges and increased operational and energy costs. 

Update: SOCAR inks deal to buy oil refiner Italiana Petroli

People close to the matter had previously said that Italy's Brachetti Peretti family was seeking an enterprise value of around €2.5 B ($3 B) for the company, which holds some €500 MM in cash.

MOL Petrochemicals conducts first circular feedstock test at its Tiszaújváros site in Hungary

MOL Group has achieved a significant milestone in its SHAPE TOMORROW Strategy by successfully completing its first ISCC PLUS-certified production run using circular feedstock at its MOL Petrochemicals site in Tiszaújváros, Hungary.

SOCAR close to buying oil refiner Italiana Petroli

Ukraine to curb Indian diesel imports amid Russian oil ties

Ukraine will restrict imports of diesel fuel originating in India, which purchases a significant portion of its crude oil from Russia starting October 1, Ukrainian energy consultancy Enkorr said.