A refinery in southwestern Russia owned and operated by state oil giant Rosneft has been taken offline and all production stopped, due to damage following a drone attack from Ukraine last week, Reuters reported on Thursday, quoting sources in the industry.  Rosneft’s Kuibyshev oil refinery in the region of Samara on the Volga River was hit by a drone attack this weekend and had already halted half of its crude processing capacity after one of the two primary crude refining units at the facility caught fire.   …

More than 20% of the total global refining capacity is at some risk of closure as refining margins are set to weaken alongside demand, while carbon taxes could also burden many refiners, Wood Mackenzie has said in a recent report. Overall, based on expected net cash margins in 2030, Wood Mackenzie has identified 121 out of 465 screened refining sites “at some risk of closure”. This represents a cumulative 20.2 million bpd of refining capacity, or 21.6% of the global capacity last year, WoodMac’s analysis showed.…

El Ejecutivo de Argentina busca rebajar el tono del encontronazo con el Gobierno de Colombia después de que un choque de declaraciones entre el mandatario argentino, Javier Milei, y su homólogo colombiano, Gustavo Petro, haya propiciado la

El Secretario Ejecutivo de la Alianza Bolivariana de los Pueblos de Nuestra América, Tratado de Comercio de los Pueblos (ALBA-TCP), Jorge Arreaza recordó a algunos Gobiernos que agresión diplomática coordinada contra Venezuela "fue un rotundo fracaso". "La realidad de...

East African neighbors Kenya and Uganda have reached an agreement to end a bitter dispute about oil imports via the Kenyan port of Mombasa to landlocked Uganda. For years, Uganda has imported fuels from Kenya via Kenyan companies and middlemen. Kenya has been importing fuels and selling them to its neighbors in East Africa. Last autumn, Uganda’s President Yoweri Museveni accused Kenyan resellers and middlemen of inflating fuel prices by up to 58% and said Uganda has been “cheated” by the fuel resellers to a “huge loss”…

East African neighbors Kenya and Uganda have reached an agreement to end a bitter dispute about oil imports via the Kenyan port of Mombasa to landlocked Uganda. For years, Uganda has imported fuels from Kenya via Kenyan companies and middlemen. Kenya has been importing fuels and selling them to its neighbors in East Africa. Last autumn, Uganda’s President Yoweri Museveni accused Kenyan resellers and middlemen of inflating fuel prices by up to 58% and said Uganda has been “cheated” by the fuel resellers to a “huge loss”…