Refining
India raises HPCL Rajasthan Refinery project cost to $8.6 B
HPCL Rajasthan Refinery Ltd is a joint venture with HPCL HPCL.NS owning a 74% stake and the rest owned by the state government of Rajasthan.
Iranian Oil Refining Co. confirms attack on Lavan refinery
The company said the facility was hit at around 10 a.m. (0630 GMT), adding that safety and firefighting teams were working to contain the blaze and secure the site.
Iran ceasefire provides hope, but physical oil markets to remain stressed
Disruptions from the effective closure of the Strait of Hormuz are now working their way through supply chains, and physical markets in Asia are under stress and will remain so for months even if it does reopen fully.
China's teapots seek Iranian oil after prices fall
The Chinese refiners, known as teapots, had largely stayed on the sidelines since the U.S.-Iran conflict broke out in late February, causing global oil prices to surge, while Washington temporarily waived sanctions on Russian, Iranian crude at sea erasing discounts for these cargoes.
Japanese refinery runs at lowest since June 2025 on Middle East supply crisis
Japan began to partially release oil stockpiles from March 16.
Venezuela's refineries down to 31% of crude processing capacity
The South American country has increased oil output and exports since it agreed to a flagship supply pact with the U.S. government in January, but limited power service, outages and need for major repairs and maintenance are creating obstacles to recovering refining operations.
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