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Downstream

South African
Crude Oil News

Major Russian bank to revive South African refinery

May 21, 2024 Mariel Alumit

PetroSA and Russia’s Gazprombank are currently investigating the feasibility of restarting operations at a fuel plant in Mossel Bay South Africa’s national oil company PetroSA and Russia’s Gazprombank are conducting a feasibility study with a […]

gasoline prices
Downstream

Higher refining costs could increase summer gasoline prices

May 15, 2024 Mariel Alumit

Average monthly prices for regular-grade retail gasoline in the United States could increase by more than 10 cents per gallon (gal) if refinery output is lower than expected, according to an analysis we published on […]

Russia
Downstream

Russia Targets Kharkiv in Major Offensive After Kyiv Attacks Refineries

May 13, 2024 Mariel Alumit

Over the weekend, Russia launched a major offensive in the Kharkiv region. Russia’s end game for this region appears to be to occupy the city of Kharkiv, the second-largest city in Ukraine. Ukrainian drone attacks […]

Africa
Downstream

IAE 2024 to Promote Investment in African Midstream, Downstream Sectors

May 11, 2024 Stu Turley

As Africa seeks to improve its supply of and access to refined petroleum products, a midstream and downstream-focused panel will explore investment opportunities in the sector at the Invest in African Energy (IAE) forum, kicking off next week in […]

Shell
Downstream

Saudi Aramco in Talks to Buy Shell Gas Stations in Malaysia

May 6, 2024 Mariel Alumit

Four unnamed sources have told Reuters that Saudi state-run oil giant Aramco is in talks to potentially acquire Shell’s billion-dollar gas station business in Malaysia, where the Dutch supergiant owns a network of nearly 1,000 […]

Petrol and diesel
Downstream

Petrol and diesel prices rise again

May 6, 2024 Mariel Alumit

Fuel prices in the UK saw an increase in 2024, with petrol and diesel rising by 10p per litre since the start of the year, according to RAC Fuel Watch data. This equates to an […]

Ukrainian Drone
Crude Oil News

Ukrainian Drone Attack Sets Major Russian Oil Refinery on Fire

May 2, 2024 Mariel Alumit

Ukrainian drones hit a major oil refinery owned by state-controlled Rosneft PJSC in Ryazan, southeast of Moscow, just as the facility’s crude-processing had recovered from a previous strike. The overnight attack caused a fire at […]

Cenovus
Downstream

Cenovus Tops Earnings Forecast as Refining Jumps to Record

May 1, 2024 Mariel Alumit

One of Canada’s biggest oil and gas companies, Cenovus Energy (NYSE: CVE), booked higher-than-expected earnings for the first quarter of 2024 amid strong oil and gas production and record throughput volumes at its refineries. Cenovus reported on […]

Refinery
Crude Oil News

New Indian Refinery to Be Delayed by Two Years

April 29, 2024 Mariel Alumit

As India is set to become the world’s largest oil demand growth driver in the coming years, Indian state-owned refiner Chennai Petroleum Corporation Limited (CPCL) plans to commission a new refinery two years later than […]

Crude Oil News

Another Russian Oil Refinery Hit By Ukrainian Kamikaze Drones

April 27, 2024 Stu Turley

Ukrainian military planners have been ramping up Kamikaze drone strikes against the Russian energy industrial complex this week, including an overnight attack damaging an oil refinery as Western sanctions fail to crush Putin’s oil-rich economy that funds […]

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