Global diesel prices to rely on refinery closures for support in 2025 By Ahmad Ghaddar, Shariq Khan and Trixie Sher Li Yap December 12, 20245:10 AM PSTUpdated December 12, 2024 ...

Global composite refining margins reached $8.37 per barrel in May 2025, according to consultancy Wood Mackenzie, their highest since March 2024, but still much lower than the $33.50 average in ...

WoodMackenzie: A total of 101 out of 410 refineries around the world are at risk of getting shut down over the next decade. This number represented 21% of global refining capacity.

Kuwait’s 615,000 b/d Al-Zour refinery reached full refining capacity early in 2024, Oman’s 230,000 b/d Duqm refinery has begun operations, and Nigeria’s 650,000 b/d Dangote refinery has been ...

On Thursday, OPEC said in its annual report on long-term energy trends that it expects global oil demand to reach 113.3 million b/d in 2030 and nearly 123 million b/d in 2050, up from 103.7 ...

DUBAI, United Arab Emirates (AP) — Fighting around Sudan ‘s largest oil refinery set the sprawling complex ablaze, satellite data analyzed by The Associated Press on Saturday shows, sending t… ...