Multiple oil refineries in Europe will be too unprofitable to continue trading once the industry has dealt with sweeping new rules governing shipping fuel that start next year, according to an executive at a U.K. plant.   Read Article  +

Asia has been the last bastion of building mega oil refineries for years, but overcapacity in the near term and the decarbonization of transportation fuels in the longer term have raised questions over the need for more large-scale refin...  +

Asia has been the last bastion of building mega oil refineries for years, but overcapacity in the near term and the decarbonization of transportation fuels in the longer term have raised questions over the need for more large-scale refin...  +

When new global rules limiting the amount of sulphur in shipping fuels were announced, marine gasoil (MGO), a type of diesel fuel used on ships, was declared the early winner since most types readily met the new 0.5% limit on sulphur con...  +

When new global rules limiting the amount of sulphur in shipping fuels were announced, marine gasoil (MGO), a type of diesel fuel used on ships, was declared the early winner since most types readily met the new 0.5% limit on sulphur con...  +

The Middle East bunkering hub of Fujairah may have been rattled by the recent tanker attacks in the Gulf of Oman, but officials are adamant that it will be business as usual, as the port and accompanying free zone forge ahead with divers...  +

The Middle East bunkering hub of Fujairah may have been rattled by the recent tanker attacks in the Gulf of Oman, but officials are adamant that it will be business as usual, as the port and accompanying free zone forge ahead with divers...  +

While U.S. sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports by more than 80%, oil product sales from the Islamic Republic remain strong at nearly $500 million a month, shipping data and Reuters calculations s...  +

While U.S. sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports by more than 80%, oil product sales from the Islamic Republic remain strong at nearly $500 million a month, shipping data and Reuters calculations s...  +

Prices for heavy oil are starting to come under pressure with new global rules on high-sulfur fuel a few months away from taking effect.   Read Article  +