Refining

Phillips 66 has announced the completion of the previously announced merger between Phillips 66 Partners (PSXP) and Phillips 66.

In a short statement, Worley confirmed that it has started the safe withdrawal of its services provided in and into Russia.

In a recent blog post, the AFPM explained why participating in the global energy market is critical for the US.

China is expected to dominate Asia’s refinery crude distillation unit (CDU) capacity additions from 2022 to 2026, says GlobalData.

The US Department of Energy has released 30 million bbl of crude oil from the US Strategic Petroleum Reserve to ensure an adequate supply of petroleum in response to Russia’s further invasion of Ukraine.

Shell has announced its intent to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and LNG in a phased manner, aligned with new government guidance.

The IEA Governing Board has confirmed that IEA Member Countries have released 61.7 million bbl of oil stocks.

AFPM President and CEO Chet Thompson has written a letter confirming AFPM’s position on petroleum imports from Russia.

According to projections from the EIA, US energy consumption will increase over the next 30 years as population and economic growth outpace gains in energy efficiency.

Shell has appointed Sinead Gorman as Chief Financial Officer, effective 1 April 2022. She will become a member of the company's Executive Committee and Board of Directors.

The European business community has been united in condemning the invasion of Ukraine by Russia. As such, Neste has replaced most Russian crude oil with other crudes, such as North Sea oil.

Wood Mackenzie analyses the risks to commodities and corporate exposure, as well as the wider economic fallout of Russia’s invasion of Ukraine.

BP has held a 19.75% shareholding in Russian state-owned oil company Rosneft since 2013.

IBM Security’s ‘2022 X Force Threat Intelligence Index’ reveals that the energy industry accounted for 24% of all cyberattacks in the UK last year.

Rising crude oil prices, low refinery production, and high consumption of distillate fuel – which includes diesel fuel and heating oil – have contributed to the highest nominal middle distillate prices since 2014.