In recent quarterly disclosures, U.S. refiner Marathon Petroleum Corporation reported stronger margins in its refining & marketing segment but still missed analysts’ profit estimates, highlighting a paradox in the downstream ...

U.S. energy giants ExxonMobil and Chevron have defied a global decline in oil prices by reporting higher production and steady downstream performance, reaffirming their strategic strength in an uncertain market. ...

Bharat Petroleum Corporation Limited (BPCL) has taken a major step toward expanding its refining and sustainable energy footprint by signing three strategic Memorandums of Understanding (MoUs) with Oil India Limited ...

At the Future Investment Initiative summit, TotalEnergies CEO Patrick Pouyanné dismissed market concerns of crude oversupply, stating demand remains robust despite signs of slack. He noted refiners are pivoting toward ...

Ukraine’s long-range drone strikes have caused an estimated 20% drop in Russia’s refining throughput, according to Ukrainian President Volodymyr Zelensky, who confirmed attacks on multiple refinery sites deep inside Russian ...

Portuguese energy company ‎Galp Energia reported a 53% year-on-year increase in net income for the third quarter, surging to €407 million. The result was driven by improved refining margins—approximately $9.5 ...

A severe water shortage is threatening one of America’s major refining and petrochemical hubs in the Texas Gulf Coast, according to recent reporting. The region is experiencing historically low water ...

The global tanker freight market experienced a sharp spike as buyers scrambled to replace Russian crude in response to the latest U.S. sanctions on Rosneft and Lukoil. Contracts for supertankers ...

India’s crude oil imports surged in October as several refineries resumed full operations following scheduled maintenance shutdowns, signalling a strong rebound in fuel demand. According to trade data and market ...

The European Union has published new enforcement guidelines to prevent refined fuel imports made from Russian crude from bypassing its January 2026 imports ban. Under the rules, importers must provide ...

Russia’s Novorossiisk oil export hub is nearing capacity limits, even as it handles record volumes of crude. In September, exports through the port and Transneft pipelines reached ~0.8 million barrels ...

China’s Unipec arm of Sinopec has rerouted a supertanker laden with Abu Dhabi’s Upper Zakum crude away from the Rizhao port in Shandong following U.S. sanctions on the terminal there. ...

India’s state-owned refiners have reduced their imports of Russian crude oil by nearly 45% between June and September 2025, according to data from energy analytics firm Kpler. The sharp decline ...

Indian refiners are set to ramp up purchases of Russian crude as widening discounts make it increasingly attractive amid global market volatility. With Brent prices hovering near $90 per barrel, ...

Fuel oil imports at the U.S. Gulf Coast surged to ~541,000 barrels per day, marking a 2.5-year high, as penalized heavy crude supplies from Venezuela and Russia strain domestic feed ...

Global refinery outages are surging, raising concerns about product supply and refining margins in the months ahead. According to Kpler data, refinery downtime reached 7.8 million barrels per day in ...

Global diesel traders are making aggressive bets on rising European diesel prices following renewed drone attacks on Russian refineries. ICE options data shows record volumes of bullish trades as participants ...

Valero Energy Corp. has begun a significant maintenance program at its 180,000 barrel-per-day refinery in Memphis, Tennessee, with a focus on upgrading key gasoline-producing units, according to industry sources. The refinery’s ...