Dangote Refinery, Africa's largest, launched operations in Jan. 2024 with ambitions to meet 100% of Nigeria's demand for refined petroleum products and export surpluses.
June 29, 2024
Binh Son Refining and Petrochemical, the operator of Vietnam's Dung Quat refinery in central Vietnam, has finalized a new contract with Vietsovpetro, the operator of Bach Ho, Vietnam's largest oil field, securing crude oil supply for the refinery from 2024 to 2027.
June 29, 2024
There is an evolving landscape of Light Louisiana Sweet (LLS) crude, a premium grade known for its low sulfur content and high API gravity.
June 29, 2024
Following the startup of the Trans Mountain Expansion Project (TMX) in May 2024, US refiners, including those on the West Coast, have experienced a tightening of margins.
June 22, 2024
Global commodities trader Glencore has secured a contract to supply crude oil to Prax's 113K b/d Lindsey oil refinery in the UK, replacing the previous supplier, Trafigura.
June 15, 2024
RIL: India's Largest Refinery Inks Russian Oil Deal
June 02, 2024
The Dangote refinery in Nigeria is actively pursuing a long-term supply of US crude while domestic crude is in surplus.
May 26, 2024
Mexican state energy company Pemex has begun supplying its new Olmeca refinery with only 16.3K b/d of crude oil, representing less than 5% of the refinery's total capacity.
May 26, 2024
The Polish oil refiner Orlen has canceled its contracts for purchasing crude and oil products from Venezuela following the reinstatement of US sanctions, a decision underscored by significant financial losses and logistical challenges.
April 27, 2024
Nigeria's ambitious Dangote Group refinery, a $20B project, has encountered significant logistical and financial issues that impede its operation.
April 27, 2024
