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In 2023, despite falling commodity prices, oil production in the United States will reach record levels, underpinned by massive investment and effective cost management.
In 2023, despite falling commodity prices, oil production in the United States will reach record levels, underpinned by massive investment and effective cost management.
Orlen has signed a major agreement with BP for the supply of North Sea crude oil, representing 15% of its annual requirements, to strengthen its refining operations in Europe.
Orlen has signed a major agreement with BP for the supply of North Sea crude oil, representing 15% of its annual requirements, to strengthen its refining operations in Europe.
The recently expanded Trans Mountain pipeline provides sufficient capacity to maintain Canadian oil exports despite threats of strikes by the major railways.
The recently expanded Trans Mountain pipeline provides sufficient capacity to maintain Canadian oil exports despite threats of strikes by the major railways.
Russian refineries stepped up production in August in anticipation of the September maintenance shutdowns, optimizing throughput thanks to improved logistical conditions.
Russian refineries stepped up production in August in anticipation of the September maintenance shutdowns, optimizing throughput thanks to improved logistical conditions.
The global market for hydrocrackers, essential to the production of high-quality fuels, will reach 125.2 billion USD by 2033, driven by growing demand for cleaner energy.
The global market for hydrocrackers, essential to the production of high-quality fuels, will reach 125.2 billion USD by 2033, driven by growing demand for cleaner energy.
Saudi Arabia, a key player in OPEC, is significantly increasing its oil production, jeopardizing the balance of world prices and threatening the economic stability of the energy sector.
Saudi Arabia, a key player in OPEC, is significantly increasing its oil production, jeopardizing the balance of world prices and threatening the economic stability of the energy sector.
Iraq is developing two new refineries, with the aim of reducing its dependence on imports and increasing its exports of refined petroleum products.
Iraq is developing two new refineries, with the aim of reducing its dependence on imports and increasing its exports of refined petroleum products.
Increased exports of Chinese petroleum products are threatening the margins of South Korean refiners, already under pressure, in a fragile regional economic context.
Increased exports of Chinese petroleum products are threatening the margins of South Korean refiners, already under pressure, in a fragile regional economic context.
Russia increases fuel oil and VGO exports to Asia. China and Saudi Arabia stand out as the main importers, according to LSEG data.
Russia increases fuel oil and VGO exports to Asia. China and Saudi Arabia stand out as the main importers, according to LSEG data.
Governor Newsom introduces legislation imposing minimum fuel inventories in California to prevent price fluctuations and reinforce market stability.
Governor Newsom introduces legislation imposing minimum fuel inventories in California to prevent price fluctuations and reinforce market stability.