Oil refiners are confronting an unprecedented stress test as a global crisis looms. The industry is facing significant challenges, particularly in the US, due to the impending worldwide situation.

US imports of Saudi Arabian oil fell to zero in July, marking the first full month without such imports since 1985, according to preliminary government data.

Ongoing conflict is severely impacting oil refiners, pushing them to critical operational limits.

Some Chinese oil refiners are reportedly planning to forgo Saudi term oil cargoes for the upcoming month, indicating a shift in their purchasing strategies.

Independent oil refiners in China have significantly reduced their operating rates, reaching a nine-year low, reflecting challenges in the sector.

An analysis compares Marathon Petroleum's stock performance against other companies in the oil refiner sector, evaluating its relative market position.

California has reportedly relaxed carbon-market costs for oil refiners, a move that comes as the state's green-energy policies have been linked to high gasoline prices and a struggling refining industry.

US oil refiners are reportedly profiting from biofuels, a development attributed to existing mandates and the current high prices of fuel.

An analysis explores the components of gasoline prices, noting that energy crises tend to benefit oil refiners while burdening consumers.

Indian oil refiners have reportedly begun purchasing Iranian oil and are paying for these imports in Chinese yuan, with sources indicating that ICICI Bank is facilitating these transactions.

Oil refiners are emerging as significant beneficiaries of the current high oil prices, which have reached $100 per barrel. Their profitability is boosted by the increased cost of crude.

Foreign Minister Cho Hyun met with major local oil refiners to discuss securing alternative oil supplies. This move aims to reduce reliance on Middle Eastern oil amidst regional uncertainties.

President Lee Jae Myung on Friday issued a fresh warning against oil refiners for possible collusion in raising oil prices, amid an escalating war in the Middle East following US-Israeli attacks on Iran and Tehran's retaliation. In a post on the social media platform X, Lee shared a news article highlighting mixed reactions from the oil industry after he instructed officials to devise a price cap at a Cabinet meeting the previous day. "Price collusion is a serious crime against the public," he w

Barron's discusses the performance and market position of Oracle and oil refiners. The article also delves into a debate about whether a particular business model constitutes a pyramid scheme.

India's second-largest money manager is expressing a bullish outlook on sectors such as banks, oil refiners, power utilities, and drugmakers. The manager believes these industries are well-positioned to benefit from demand tailwinds despite a volatile global environment and looming oil risks.

Indian oil refiners have reportedly halted loadings of crude oil from Iraq as risks in the Strait of Hormuz escalate. This decision reflects growing concerns over maritime security in the critical shipping lane.

Oil refiners are reportedly capitalizing on a market that has shown resilience despite various challenges. The industry is finding ways to generate profits even when market conditions might suggest otherwise.

Analysis highlights three oil refining companies that are strategically positioned to capitalize on and benefit from the current environment of higher crack spreads in the energy market.

Russia's oil and gas revenues are being diminished by near-record payments to oil refiners in May, offsetting gains from higher global oil prices, which have been influenced by geopolitical events.

European oil refiners and airlines are optimistic about preventing jet fuel shortages by maximizing production and increasing imports from the US and Africa, offsetting the loss of Middle Eastern supplies.

US oil refiners are now profiting from biofuels, driven by government mandates and high fuel prices, marking a significant shift in their revenue streams.

Soaring fuel prices and access to cheap North American crude oil put American refiners in pole position

The Indian rupee reached a one-week high following strategic moves by the Reserve Bank of India to reduce dollar demand from state-run oil refiners. The central bank encouraged refiners to use a special credit line to stabilize the currency.

Japanese oil refiners are currently operating at two-thirds of their capacity. They are awaiting crude oil shipments from regions outside the Persian Gulf to increase their output.

Japan gets more than 90% of its oil from the Middle East, leaving it vulnerable to the effective closure of the Strait of Hormuz that’s preventing energy exports.

Indian refiners are reportedly forced to purchase oil at a premium as discounts on Russian and Venezuelan crude have largely disappeared following the Middle East conflict.

International oil refiners are increasingly opting to buy crude oil directly from Venezuela, circumventing traditional oil traders.

U.S. oil refiners are anticipated to report a significant increase in profits, potentially tripling them, as the industry benefits from supply disruptions sparked by tensions related to an Iran war.

Thailand's major oil refineries are reportedly operating smoothly and maintaining national supply despite escalating conflict in the Middle East, adjusting their sourcing strategies.

Russia's state revenues are being negatively impacted by multi-billion payouts to its oil refiners.

Chinese oil refiners have significantly reduced their output following a sharp decline in crude oil imports.

South Korea's foreign ministry and major oil refiners held a meeting to explore expanding crude oil imports from Latin America and the Caribbean to diversify supply.

European oil refiners have seen a record weekly gain in their gasoline margins, indicating strong profitability in the sector.

India's central bank has instructed state-run oil refiners to cease buying dollars in the spot market and instead utilize a government facility.

The Crude Oil Refiners Association of Nigeria (CORAN) is urging the Nigerian government to reinvest oil windfall revenues into domestic refining capacity to enhance energy security and stimulate economic growth.

China has reportedly instructed its largest oil refiners to suspend exports of diesel and gasoline, Bloomberg News indicated on Thursday, citing unidentified sources, as the war in...