Refining

Vance, Wright to meet with U.S. oil trade group, acknowledges 'rough road ahead' on gas prices

The U.S. has already announced plans to release crude oil from the nation's emergency stockpile to reduce energy prices, and on Wednesday said it would issue a 60-day waiver to U.S. shipping regulations ease fuel deliveries to the nation's ports.

Russia's Novatek to maximize naphtha exports in March amid Asia shortage

Rising production in Ust-Luga and easing ice conditions in the Baltic Sea will allow Novatek to boost naphtha exports to Asian markets, where supply challenges due to the Gulf conflict have sent prices to record highs.

ADNOC and OMV advance formation of Borouge Group International AG

The formation of Borouge Group International AG, through the combination of Borouge Plc and Borealis, and acquisition of Nova Chemicals, is progressing according to plan, with the transactions close expected by the end of March 2026, subject to customary conditions.

Petrobras signs on with Baker Hughes for sweeping gas turbines service agreement

Baker Hughes has announced a substantial 60-month service award from Petrobras to support critical turbomachinery equipment for Brazil’s offshore operations as well as a major refinery.

TwinThread launches Perfect Batch, an AI-powered analytics solution to optimize batch production

bp to block union workers from Whiting refinery

Universal Fuel Technologies demonstrates fully drop-in synthetic aviation fuel using HEFA byproducts

Cambodia turns to Singapore, Malaysia for fuel as Vietnam, China restrict supplies

Vietnam and China have restricted fuel exports until at least the end of March to arrest potential domestic shortages. Cambodia and neighboring Thailand stopped fuel trade after the onset of an armed conflict in July.

China's fuel export ban to further tighten Asia supply

Japanese refiner Idemitsu to invest $500 MM in Australian Midocean to enter LNG business