Refining

INA completes Rijeka refinery upgrade project in Croatia

Taiwan's Formosa Petchem issues force majeure as Iran war disrupts feedstock delivery

For refined fuel products such as diesel, jet fuel and gasoline, the company is still proceeding with its export deliveries for March and April, although there is likely to be no spot availability for April.

Equilibrion and Rolls-Royce sign MoU to advance SAF using nuclear energy

U.S. fuel exports see slight uptick in 2025

Iran war causes major oil, gas disruptions

The U.S.-Israeli war on Iran and Tehran's attacks on Gulf neighbors have disrupted oil and natural gas exports from the Middle East and forced production stoppages.

Asia refineries, petchem firms cut runs as Middle East conflict disrupts feedstock supplies

Asian steam crackers, which source more than 60% of their naphtha feedstock from the Middle East, have been quick to declare force majeure on petrochemical supplies to customers.

Hungary's MOL says capacity tests on Adria pipeline to start next week

Hungary and Slovakia are keen to keep supplies coming from Russia and have exemptions from current European Union sanctions.

India invokes emergency powers, orders refiners to boost LPG output

U.S. airlines no longer hedge fuel costs—that could hurt margins if Iran conflict lingers

Jet fuel prices have risen 15% in the past week, another challenge for an industry already dealing with the fallout from the expanding conflict, with more than 20,000 flights cancelled and thousands of passengers stranded.

South Korea may use fuel price cap to curb consumer prices

The rising risk of a drawn-out conflict has particular significance for South Korea, the world's fourth-largest oil importer, which gets around 70% of its oil from the Middle East.