Refining
OMV receives €450-MM loan from the European Investment Bank for its 140-MW green hydrogen production facility
The European Investment Bank (EIB) has granted a €450 MM loan to support the construction of OMV’s green hydrogen production plant, which is set to significantly contribute to the decarbonization of the Schwechat refinery in Lower Austria.
Poland's Unimot says it will supply crude to Germany's Schwedt refinery
Germany has been seeking alternatives for lost supplies after Russia said it would halt deliveries of Kazakh crude via the Druzhba pipeline from May 1.
Indian naphtha premiums surge as Gulf, Russian supply tightens
Tght supplies from the Middle East and Russia and renewed concerns over U.S.-Iran tensions boosted demand from Far East buyers
Less than a month's supply: Europe's jet fuel stocks are wafer thin as Iran tensions flare
Britain, France and Germany are particularly vulnerable in a continent where decades of refinery closures left it more reliant than most on Middle Eastern shipments via the Strait of Hormuz.
Russia's diesel export ban deepens global supply crunch
Diesel accounts for the largest share of global oil consumption, and soaring prices can ripple through the global economy given its wide range of uses, from industrial machinery and farm equipment to heavy transport and electricity generation.
Russian refineries, oil terminal, tankers hit, Ukraine says
Ilsky oil refinery in the Krasnodar region, one of the largest in Russia's south, caught fire and the Ust-Luga oil refining complex in the Leningrad region was also struck.
Tajikistan says it has 60 days' fuel in reserve amid Russian supply crunch
Tajikistan's energy minister said that the country has around 60 days of fuel reserves and is in talks with nearby countries about future supplies, amid acute fuel shortages in major trade partner Russia.
IEA: U.S.-Iran escalation could threaten 2027 oil market surplus
Global oil markets received some respite last month as a peace agreement between the U.S. and Iran facilitated the opening of the Strait, the effective closure of which had taken out as much as 14 million barrels per day of crude flows during the peak of the largest oil supply crisis in history.
EIA: The U.S. produced more crude oil than any other country in 2025
U.S. crude oil production has been buoyed by continued gains in drilling productivity and operational efficiency across key shale basins, which allow operators to extract more oil per well.
Ukraine more than doubles bioethanol capacity
The ministry said 10 licensed bioethanol producers are operating in Ukraine and current production is 180,000 to 200,000 tons.
- OMV receives €450-MM loan from the European Investment Bank for its 140-MW green hydrogen production facility 7/13
- Poland's Unimot says it will supply crude to Germany's Schwedt refinery 7/13
- Hormuz traffic slows to two-month low as renewed U.S., Iran strikes raise safety risk 7/13
- Sinopec deepens aviation fuel push with CNAF restructuring 7/13
- Indian naphtha premiums surge as Gulf, Russian supply tightens 7/13
- Less than a month's supply: Europe's jet fuel stocks are wafer thin as Iran tensions flare 7/13
