59 h. ago Ukraine Claims Strike on Rosneft’s Ryazan Oil Refinery in Russia

Ukraine’s General Staff claimed a strike on Rosneft PJSC’s refinery in Ryazan, one of the largest in Russia, while Moscow continued to target Ukraine’s energy system with missiles and drones ahead of winter.

Other

62 h. ago Consumers Feel Pinch at Pump as Russia Drives Oil Refining Boom

It’s a great time to be an oil refiner — but a less great time to be filling up at the pump.

Other

3 d. ago Enbridge approves US$1.4 billion project to boost Canadian oil flows to U.S. refiners

Calgary-based pipeline operator Enbridge has announced a US$1.4 billion expansion of its Mainline and Flanagan South pipelines used to ship oil sands crude to markets in the U.S.

Economics

4 d. ago SK Innovation Raises $3.4 Billion in Major Financing With Meritz

South Korean oil refiner SK Innovation Co. has raised 5 trillion won ($3.4 billion) through local brokerage Meritz Securities Co., completing one of the country’s largest corporate financing deals.

Politics

6 d. ago Most Indian Oil Refiners Skip Buying Russian Crude for December

India has scaled back purchases of Russian crude for arrival in December, showing that Western sanctions and trade talks with the US are having a major impact on buying patterns.

Other

7 d. ago Europe’s Energy Giants Show They’re in Better Shape Than Feared

Europe’s energy firms did much better than expected in the third quarter, as stronger refining margins offset the impact of subdued oil prices, though the outlook going into 2026 remains uncertain.

Economics

9 d. ago Bulgaria moves to prevent shutdown of its only oil refinery ahead of US sanctions

SOFIA, Bulgaria (AP) — Bulgaria is racing to prevent the shutdown of its only oil refinery before U.S. sanctions on the Russian owner take effect later this month. Parliament in Sofia approved legal changes that grant additional state authority to a government-appointed manager of the Lukoil-owned Burgas refinery on the Black Sea coast. The move […]

Events

1 week ago Ukraine Claims Drone Attack at Lukoil Oil Refinery in Russia

Ukraine said it made a successful drone strike at Lukoil PJSC’s Volgograd refinery in Russia, adding to the pressure on the country’s oil industry.

Events

1 week ago Suncor shares jump after oil giant ups production forecasts, delivers earnings beat

CALGARY — Shares in Suncor Energy Inc. rose almost six per cent after the oil giant increased its production and refinery throughput forecasts for the year and delivered better-than-expected third-quarter results. The stock was up $3.29 to $58.94 in midday trading on the TSX on Wednesday. Suncor says it expects to finish 2025 with oil […]

Other

2 w. ago Turkey Lowers Oil Purchases From Russia as US Tightens Sanctions

Turkey’s oil refiners have started cutting their purchases of Russian crude after the US sanctioned Moscow’s top two oil producers and are instead seeking extra barrels from nations including Iraq, Libya, Saudi Arabia and Kazakhstan.

Events

2 w. ago Russian Oil Finds Fewer Takers in China After Hit From Sanctions

Chinese oil refiners are shunning Russian shipments after the US and others blacklisted Moscow’s top producers and some of its customers.

Events

2 w. ago Explosion at New Mexico oil refinery sends thick smoke across Artesia

ARTESIA, N.M. (AP) — Emergency crews responded Friday to an explosion at an oil refinery in New Mexico as thick smoke emerged from the plant and drifted across parts of the city of Artesia before crews were able to extinguish the flames. Artesia Police Commander Pete Quinones said there were no fatalities but injuries were […]

Events

2 w. ago Imperial Oil reports dip in profit as it takes charges on restructuring, office sale

CALGARY — Imperial Oil Ltd. reported a drop in third-quarter profit as it took charges related to a major overhaul at its Calgary headquarters. The oil producer and refiner, majority owned by U.S. major ExxonMobil Corp., had said in September it plans to cut 20 per cent of its workforce by the end of 2027, […]

Other

2 w. ago Hungary Prepares Bill For Fuel Emergencies After Refinery Fire

Hungary has drafted legislation on steps to be taken in case of a fuel-supply emergency, just days after a major fire at the country’s sole oil refinery and following a US decision to impose sanctions on Russian energy companies.

Events

2 w. ago India State Refiners Weigh Up Russia Oil Options After Sanctions

India’s state-run refiners are considering whether they can continue to take some discounted Russian oil cargoes by leaning on small suppliers instead of energy giants Rosneft PJSC and Lukoil PJSC, both blacklisted by the US last week.

Events

2 w. ago Key Russian Oil Grade Slumps as US Sanctions Hamper China Buying

The price of a key Russian oil grade has plunged after Western sanctions prompted Chinese refiners to cancel some purchases.

Events

3 w. ago Nigerian billionaire plans expansion of Africa’s biggest oil refinery

ABUJA, Nigeria (AP) — The billionaire owner of Africa’s largest refinery plans to expand its capacity to 1.4 million barrels per day to meet growing fuel needs in the continent and beyond. Aliko Dangote, who is Africa’s richest person, said the Dangote refinery, in Nigeria’s economic hub of Lagos, will more than double its current […]

Other

3 w. ago US Sanctions on Russian Oil Giants Send Shockwaves Across China

US sanctions on Russia’s energy giants are sending shockwaves deep into the heart of China’s oil industry, where both state and private refiners face heightened pressure to keep up supplies while steering clear of penalties.

Sport

3 w. ago U.S. consumers will soon feel full impact of Auto Pact fallout

Watch: David Adams on how production costs, and car prices, will increase under Trump's automaker repatriation plan

Other