Refining

EIB and Eni sign €500-MM in financing for new biorefinery in Sannazzaro de’ Burgondi

India's Reliance buys Venezuelan oil directly from PDVSA

Since Caracas signed a flagship oil supply deal with Washington after the U.S. capture of President Nicolas Maduro in January, only a small group of companies have been able to buy cargoes directly from PDVSA.

Japan to boost intermediate chemical imports amid tighter naphtha supply

About 40% of domestic naphtha consumption is met by domestic production, with another 40% sourced from the Middle East and 20% from other regions, but the war in the Middle East has made imports from that region difficult.

Five EU countries call for windfall tax on energy companies

Such a measure could help fund relief for consumers in the face of high energy prices and be a signal that "we stand united and are able to take action", they said.

Nigeria's Dangote refinery boosts exports to ease Africa's supply crunch

Fuel prices in oil-producing Nigeria have reached record-high levels, industry figures show, as maximum output from Dangote refinery has not offset the impact of high crude prices.

Indian refiners postpone maintenance shutdowns to meet local fuel demand

Indian Oil Corp. and Bharat Petroleum Corp. were among the companies that had planned to shut units at some of their refineries for routine maintenance.

Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction

Brazilian state-run oil firm Petrobras has delivered liquefied petroleum gas auctioned off at high prices, even after President Luiz Inacio Lula da Silva said the government would annul it to protect consumers from fuel spikes.

Vietnam refinery boosting jet fuel production

Vietnamese aviation authorities said last week the country's airlines were planning to cut their operations due to fuel shortage.

Morocco has diesel stocks for 51 days, energy ministry says

The unprecedented energy supply disruption that has resulted from war in the Middle East and led to a record monthly gain in international crude prices in March is particularly painful for Morocco, which has no domestic refining capacity.

Nigeria's Seplat Energy hit by strike amid push for higher output

The action by members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), a union of professional oil staff, follows a breakdown in talks over a 2026 collective bargaining agreement and staff welfare issues.