Mexican state-owned oil company Pemex said its seven domestic refineries processed an average of 1.014 million b/d of crude oil in 2025, up 12% from 2024, marking the first time since 2015 that annual ...

All oil processing and refining needs at Lukoil Neftochim Burgas are covered until the end of March, and a delivery schedule for April has been ...

Disrupted crude flows from the Middle East via the Strait of Hormuz, exacerbated by the war in Iran and a Saudi refinery shutdown, have pushed Asian refining margins to a four-year high of almost $30 ...

Asian refiners are considering slashing crude processing rates by up to 30% as the war in Iran has effectively closed the Strait of Hormuz, delaying critical Middle Eastern crude deliveries.

As the US–Israel war on Iran escalates, so too does the global oil crisis. The effective closure of the Strait of Hormuz, through which roughly 20% of the world’s oil and natural gas flows, and the ...

The disruption threatens key maritime routes and suppliers that India relies on heavily for oil and gas imports. For a ...

The cuts by state-owned Sinopec, which accounts for a third of China's refinery output, are part of Beijing's widening measures to curb oil supply disruptions due to Iran's blockage of the Strait of ...

Secretary of State Marco Rubio on Sunday touted what he called a unique U.S. capability to refine Venezuela's abundance of crude oil, a linchpin of the Trump administration's takeover strategy for the ...

According to the report, Asia imports 65% of its crude oil from the Middle East, the highest dependency globally, with Saudi Arabia, Iraq, and the United Arab Emirates serving as the top three ...

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Because oil and petrochemical feedstocks move through global shipping routes, disruptions in one region will affect supply chains worldwide. The Strait of Hormuz is particularly i ...

By Trixie Yap SINGAPORE, March 10 (Reuters) - A growing number of refineries in Southeast Asia, which are reliant on Middle East oil, have cut back output due to constrained crude availability ...