Refining & Petrochemicals
Refinery operations, margins, turnarounds, and petrochemical production.
Latest Refining Stories
Iran plans to restore refining capability within two months
Iran's oil ministry states that the country aims to restore the majority of its refining capability within two months. This effort is part of a broader initiative to enhance domestic oil processing capacity.
Refining throughput declines due to conflicts and outages
Global downstream refining has faced significant challenges due to conflicts, leading to a 3 million b/d decline in seaborne refined product flows in March, reaching 22.7 million b/d. Mideast Gulf refiners are particularly affected by damage and shipping restrictions, while Asian refiners are reducing operations due to high feedstock costs and shortages. This situation is expected to create product tightness for months.
Gazprom Neft reports record-high production and refining volumes for 2025
Gazprom Neft achieved record-high production and refining volumes in 2025, driven by successful investment programs. This performance contrasts with the overall decline in financial results across the Russian industry due to lower prices and economic challenges.
Mangrove Lithium Opens North America’s First Commercial Electrochemical Lithium Refining Facility
DELTA, British Columbia--(BUSINESS WIRE)--Mangrove Lithium announced the opening of its first commercial lithium refining facility in Delta, British Columbia – the first of its kind in North America – marking a major milestone in establishing a secure, domestic lithium supply chain for Canada and the North American market. Mangrove marked the milestone with a ribbon cutting at its new headquarters and site of the Single Stack Plant (SSP), in Delta, British Columbia. Speakers included Mangrove L
Refining margins fluctuate amid market changes
Refining margins have shown variability due to shifts in crude oil prices and demand for refined products. Recent data indicates that margins are impacted by changes in supply dynamics and market conditions.
Russian refining throughput hits 17-year low due to drone attacks
Russia's refining throughput in April fell to its lowest level since 2009, impacted by drone strikes on key refineries and export facilities. This significant decline reflects disruptions in the refining sector due to ongoing conflict.
African refining plans stall as demand surges
Sub-Saharan Africa faces an urgent need for increased refining capacity due to a surge in product demand amid supply disruptions. The Dangote refinery in Nigeria is currently supplying gasoline and diesel, but the continent's refined product imports are projected to rise significantly by 2050. Industry leaders emphasize the importance of enhancing domestic refining capabilities to improve energy security.
Eni expands biorefining capacity in response to demand drivers
Eni's Enilive satellite, which manages the company's biofuel production assets, is focusing on expanding biorefining capacity. The strategy aims to integrate agri-feedstock to meet increasing demand for clean fuels driven by policy changes and geopolitical factors.
Crack spread analysis shows trends in refining margins
The article discusses the current trends in crack spreads, which indicate the profitability of refining crude oil into petroleum products. It highlights fluctuations in crack spreads due to changes in crude oil prices and refined product demand.
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