Iran's Shiraz Oil Refining posted a 602% rise in half-year earnings per share, with net profit of IRR240.74 trillion ($94mn) for the six months to September 22.

Scientists have developed a remarkable new membrane that separates crude oil at room temperature, using the oil itself to create microscopic filtration channels. The breakthrough could cut refining...

Scientists have developed a remarkable new membrane that separates crude oil at room temperature, using the oil itself to create microscopic filtration channels. The breakthrough could cut refining...

Scientists have developed a remarkable new membrane that separates crude oil at room temperature, using the oil itself to create microscopic filtration channels. The breakthrough could cut refining energy consumption by nearly 32%, carbon emissions by almost 38%, and operating costs by 36%, potentially transforming one of the world's most energy-intensive industries.

Libya, Ghana, Nigeria, Kenya and Angola are pushing billions into new refineries, but funding gaps, scarce crude and fading margins threaten Africa’s plans.

Comprendre le fonctionnement d'une raffinerie : distillation, conversion, marges de raffinage, normes environnementales et enjeux de transition énergétique.

Comprendre le fonctionnement d'une raffinerie : distillation, conversion, marges de raffinage, normes environnementales et enjeux de transition énergétique.

How big a deal is a hit to 1% of Russia's GDP?

France's Finance Minister Roland Lescure revealed on Wednesday that between 30 and 40 per cent of Gulf refining capacity has been damaged or destroyed by Iran's retaliatory strikes, leaving a shortage...

France's Finance Minister Roland Lescure revealed on Wednesday that between 30 and 40 per cent of Gulf refining capacity has been damaged or destroyed by Iran's retaliatory strikes, leaving a shortage...

The EU's ban on petroleum products refined from Russian crude oil in third countries has sharply reduced the flow of Russian-linked fuel into Europe, but significant loopholes remain and products derived from Russian oil continue to reach the EU.

Singapore’s reclaimed oil refining region, the 32-square-kilometre Jurong Island, has become the primary driver of record-high petrol prices in Australia as Middle East supply shocks ripple through the Asia-Pacific energy corridor.

MOSCOW, April 14 (Bernama-Sputnik/RIA Novosti) — The International Energy Agency (IEA) expects a decrease in global oil production of 1.54 million barrels per day to 104.67 million barrels per day instead of an increase in 2026, according to its fresh report on Tuesday, reported Sputnik/RIA Novosti. According to the March report, the agency expected the 2026 production to increase by 1.11 million barrels per day to 107.23 million barrels per day. The IEA also expects oil refining to decrease by 1 million barrels per day to 82.9 million barrels per day in 2026 due to the situation in West Asia. […]

Podcast Episode · Political Views TV · 11/04/2025 · 29m

By Vallari Srivastava and Nicole Jao (Reuters) -Phillips 66 reported a bigger-than-expected loss for the first quarter on Friday, hurt by lower refining margins amid heavy turnaround activities across the U.S. refining sector. U.S. refineries typically undergo seasonal maintenance and turnaround activities in preparation for the summer driving season, when fuel demand significantly increases. The scheduled downtime temporarily reduces refinery utilization, and the ability to capture revenue from margins. "Our results reflect not only a challenging macro environment, but also the impact from one of our largest-ever spring turnaround programs," said CEO Mark Lashier. Phillips 66 (NYSE:PSX)’s refining unit posted a net loss of $937 million for the first quarter, compared with a year-ago profit of $216 million. Shares of the company fell 1.4% to $103.27 in mid-day trade. Realized refining margins fell 38% to $6.81 per barrel during the quarter, with turnaround costs rising more than two-fold to $270 million. Crude capacity utilization stood at 80% compared with 92% last year. Phillips 66’s results echo those of rival Valero Energy (NYSE:VLO), which on Thursday reported a quarterly loss due to lower refining margins. However, with the bulk of the planned turnarounds completed and margins improving its refineries are well set to run at high utilization for the remainder of the year, Chief Financial Officer Kevin Mitchell said on Friday during a conference call with analysts. "As you look into April, we’re seeing margins that are $3 to $4 per barrel higher than where we were on average in the first quarter." The results come amid a heated boardroom battle between Phillips and Elliott Investment Management, an activist investor that is pushing for changes in the refiner’s organization structure, operations and board. The U.S. energy sector is also bracing for the impact of President Donald Trump’s tariffs and a rapidly intensifying trade war with China. The company posted an adjusted loss of 90 cents per share for the first quarter, compared with analysts’ estimates of 72 cents apiece, according to data compiled by LSEG.

Investing.com -- Russia’s primary oil refining capacity that is offline in April has been adjusted upwards by a third from the earlier plan for the month, reaching 2.84 million metric tons. This change is based on calculations using data from industry insiders, and it comes in the wake of prolonged stoppages. In contrast, the idle capacity last month was at 3.79 million tons. The increase in idle refining capacity from the previous plan is due to the extended stoppages at Komsomolsk, Ufaneftekhim, and Krasnodar refineries. Maintenance at the Ryazan refinery, which was targeted by Ukrainian drones in February, has also been prolonged. The increase in idle capacity implies that refineries are using less feedstock to produce fuel. This could potentially make more crude available for export. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Kazakhstan mini-refineries have regained access to some rail export routes as Russia seeks additional fuel supplies amid refinery outages and shortages.

Kazakhstan is considering a plan to process Russian crude at its refineries, a step Astana says could support plant utilization and domestic fuel supplies but