China’s private oil refiners are facing a collapse in margins as weak demand and rising crude prices imperil profits. Read Article  +

Attacks by Houthi militants on merchant shipping are boosting the price of diesel in Europe. Read Article  +

The world is on the cusp of what’s likely to be the last big refining boom as India embarks on a capacity expansion to accommodate the country’s rising thirst for fossil fuels. Read Article  +

Asian refiners are pinning their 2024 jet fuel demand hopes on continued air travel recovery from China and southeast Asia, with supply movements to be driven by output from a spate of new Middle East capacity, traders and analysts said....  +

Refinery margins for processing naphtha — a vital feedstock for the petrochemical industry - jumped to the highest level since May 2022 in Asia as traders recalibrated risks surrounding Russian shipments following an attack on a tanker c...  +

A surge in shipping costs due to turmoil in the Red Sea is pressuring Europe’s diesel supply-chain, contributing to a sharp jump in fuel prices. Read Article  +

Russian energy company Novatek is likely to resume large-scale operations at its Ust-Luga processing complex and Baltic Sea terminal within weeks, following a suspected drone attack seen disrupting naphtha flows to Asia, analysts said on...  +

China's oil products exports are set to rebound in January as refiners, armed with fresh quotas, boost diesel shipments and jet fuel sales for peak Lunar New Year travel, estimates from traders and analysts showed. Read Article  +

The Dangote Refinery in Nigeria, Africa’s biggest, has launched production of fuels, the Dangote Group of Africa’s richest man, Aliko Dangote, said this weekend, marking the start-up of the refinery that has seen years of delays. Read A...  +

Angola has decided to leave the Organization of the Petroleum Exporting Countries (OPEC), its oil minister said on Thursday, saying its membership was not serving the country's interests. Read Article  +