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
On the downside, this shift will erode the margins on what once was cheap Canadian crude oil for US refiners.
April 21, 2024
Hyundai Oilbank has officially commenced commercial operations at its new biodiesel production facility in Daesan, South Korea, as of Apr. 17.
April 21, 2024
2024-04-21
April 21, 2024
Chinese independent refineries, concentrated in Shandong province and Tianjin City, are strategically recalibrating their crude oil procurement strategies amid a dynamic market landscape.
April 13, 2024
March saw a notable decline in Malaysia's palm oil stocks, dropping by 7.3% to 1.78MM mt., despite a significant uptick in production, which rose by 11.9% to 1.41MM mt.
April 13, 2024
The country is exploring the potential of coconuts as an alternative feedstock for Sustainable Aviation Fuel (SAF) production, highlighting a shift towards more sustainable biofuel options in the aviation industry.
April 13, 2024
Abu Dhabi National Oil Company's (ADNOC) refinery upgrade strategy and crude grade shift are expected to have an impact on global oil market dynamics.
April 06, 2024
Spain's energy major Repsol SA has reached a significant milestone in the country's energy transition.
April 06, 2024
