Diesel prices have reached record highs, leading to a crisis where refiners are turning the situation into record profits, with experts highlighting the severity of the $170 diesel price.

Some Asian refiners are resisting Saudi Aramco's request to pick up oil at Yanbu on the Red Sea, citing difficulties in finding ships willing to navigate the dangerous waterway.

India has instructed its state-owned and private refiners to significantly increase cooking gas production. This move aims to strengthen domestic supplies due to prolonged uncertainty over the Strait of Hormuz, exacerbated by the Iran war.

Abu Dhabi National Oil Co. is reportedly offering to transport Iraqi oil exports through the Strait of Hormuz to Asian refiners, utilizing its 'dark-transit playbook'.

China's independent 'teapot' refiners are expected to increase their purchases of Iranian oil as their stockpiles dwindle, signaling a potential ramp-up in imports.

Lost refining capacity in Russia and the Gulf is benefiting US refiners but creating a political problem for Donald Trump by keeping fuel prices high despite retreating crude oil prices.

US refiners are reporting billions in profits, benefiting from a global fuel crunch that has led to higher prices and shortages worldwide. This surge in earnings comes as consumers face increased costs at the pump.

Indian refiners are projected to increase their imports of Russian crude oil to a record 3 million barrels per day, maintaining a crucial supply cushion if Red Sea shipping remains unaffected and leveraging Saudi Arabia's East-West pipeline.

A surging El Niño phenomenon could prolong inflation, potentially preventing the Federal Reserve from cutting interest rates and creating opportunities for refiners, tanker operators, and agricultural stocks.

Discounts on Russian oil for Indian refiners have disappeared, a development attributed to the renewed conflict in West Asia.

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

Russian energy companies are reportedly requesting increased gasoline supplies from Indian oil refineries. This comes as Ukrainian strikes have impacted Russian logistics centers, potentially affecting domestic fuel distribution.

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.

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

China has reportedly urged its refiners to keep production levels high as tensions involving Iran resurface, according to Bloomberg.

Despite U.S. refiners operating at exceptionally high capacities, gasoline prices are not falling, leading to questions about market dynamics.

Delek US and PBF Energy stocks surged following upgrades from TD Cowen, indicating positive market sentiment for both refiners.

Chinese refiners have significantly cut their operations to the lowest levels since 2017, as refiners across Asia also slow their purchases of oil from the Middle East.

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called for immediate reductions in fuel prices, citing the recent decline in international crude oil prices. The association urged marketers to adjust prices to reflect current market realities for consumers.

At least 4 million barrels of the nation’s main export grade, carried on two carriers, are being offered to refiners in at least China and South Korea.

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

Indian refiners are adapting to a new mix of crude oil varieties to maximize output, as geopolitical turmoil affects supplies from traditional oil-producing regions.

India's state-run refiners have raised retail prices of diesel and petrol for the third time in eight days, amid a tense US-Iran ceasefire, marking a shift from its previous policy of maintaining unchanged fuel prices for 76 days despite the Hormuz disruption.

PTT Group refiners have publicly affirmed their commitment to transparency and expressed support for checks on fuel allocation.

India has announced another hike in petrol and diesel prices, marking the second increase within a week. This decision comes as global refiners face strains from ongoing conflicts and a deepening crisis involving Iran, impacting supplies.

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

Local Nigerian refiners warn that crude diversion is causing underutilised capacity, threatening energy security, financing, and economic growth. Read More:…

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

Asian refiners are increasingly sourcing crude from the United States as they seek alternatives to Middle Eastern supplies, driven by concerns over the Iran war and potential shortages that could impact the global economy.

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.

Major French fuel distributors, including Carrefour and Leclerc, are demanding the withdrawal of a government draft decree aimed at regulating their margins. They deem the project "unjust, inapplicable, and illegal," proposing instead to suspend CEE collection and examine refiners' margins.

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.

Chinese refiners are reportedly buying Iranian crude oil, paying a premium for the commodity despite international sanctions.

Japan's government confirmed that the country can meet at least four months of its naphtha needs. This supply includes shipments procured from abroad and volume from domestic refiners, ensuring stability for the petrochemical industry.

China has instructed its private refining companies to ensure continuous fuel production, emphasizing the need to maintain output at all costs.

Asian refiners have begun pricing their orders for U.S. crude oil against the ICE Brent benchmark, moving away from typical pricing methods, as volatility in Dubai crude prices spikes.

The fourth week of the Iran war has led to a significant divergence between rising physical oil prices and futures, primarily due to the closure of the Strait of Hormuz and infrastructure attacks, causing refiners to face steep premiums.

All companies involved in the oil and gas supply chain including ‌oil producers, importers, refiners, fuel and gas retailers, liquefied ​natural gas importers, pipeline operators, and petrochemical…

California hit by much higher oil prices as Iran war stresses refiners  Reuters

Wall Street analysts are signaling that refiners are poised to be significant, albeit 'quiet,' winners in 2026, with their market signals becoming increasingly difficult to ignore.

Indian refiners have begun negotiating for additional crude cargoes from the U.S., Russia and West Africa to ensure supplies remain adequate; refineries, which convert crude oil into fuels like petrol and diesel, have deferred planned maintenance shutdowns and are maintaining normal processing rates to create buffers

Shipping data compiled by Bloomberg shows that roughly 15 million barrels of Russian oil are currently held on tankers in the Arabian Sea and the Bay of Bengal. In addition, vessels carrying about 7 million barrels are anchored near Singapore.

The Indian government has instructed refiners to maximize LPG production and directed oil marketing companies to prioritize the supply and marketing of LPG solely to domestic consumers.

US issues 30-day waiver to allow Indian refiners to buy Russian oil; IDF says it is striking Dahiya neighborhood in southern suburbs of Beirut Tell us: how have you been affected by the latest…

Sources indicate that Indian refiners are acquiring Russian oil that is currently floating offshore, navigating international sanctions.

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...

Seven oil tankers operated by South Korean refiners are stranded in the Strait of Hormuz, as the energy choke point remains effectively closed amid escalating conflict in the Middle East.

The U.S. Energy Secretary plans to engage with refiners to encourage increased production, aiming to help reduce gasoline prices at the pump.

Nigerian refiners are projected to save up to $329 million through a proposed crude swap arrangement, which aims to reduce logistics costs and enhance domestic supply.

Russian diesel exports dropped to a fresh multiyear low in early August. This decline is attributed to Moscow's restrictions on fuel exports following a series of drone attacks on the country’s refineries.

China's independent 'teapot' refiners are expected to ramp up their buying of Iranian crude oil this month, driven by increasing stockpiles in Shandong.

Nigeria's Upstream Petroleum Regulatory Commission (NUPRC) announced that 53.7 million barrels of crude oil and condensate were supplied to local refineries in the second quarter of 2026, achieving 97.4% compliance with the Domestic Crude Supply Obligation.

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.

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.

Nigerian lawmakers are working to mediate a truce between fuel importers and local refiners to strengthen the downstream petroleum sector and ensure a stable fuel supply.

US drivers are experiencing the effects of a global diesel squeeze, as refiners prioritize diesel production due to near-record margins, at the expense of gasoline.

American refiners are operating at high capacity as they contend with diminishing oil supplies, a situation exacerbated by the re-escalation of the Iran war.

Oil prices are rapidly increasing, with Brent crude surpassing $95 per barrel. This surge is partly influenced by Chinese refiners offering Middle East crude as prices rebound.

Indian refiners have reportedly stepped in to support Russia's oil exporters, providing a crucial market for Russian crude amidst international sanctions. This move helps Russia maintain its oil revenues despite Western efforts to limit them.

US refineries are experiencing unprecedented profit margins, a development linked to Ukraine's strikes on Russian oil refineries. These attacks have impacted global oil markets, benefiting American refiners.

South Korean refiners are attracting attention for their increasing role in the global supply chain after Russia halted diesel exports following attacks on its energy infrastructure.

While Indian refiners are technically capable of supplying Russia with required gasoline grades, India's Oil Minister Hardeep Singh Puri has stated that Indian companies are not directly selling gasoline to Russia, despite reports of reverse oil flow.

Prosecutors have indicted four major domestic refiners in South Korea for a 26 trillion-won ($17 billion) price-fixing case, which reportedly occurred after the outbreak of the US-Iran war earlier this year.

Iran is reportedly offering discounted crude oil to India following a US sanctions waiver, prompting Indian refiners to consider a return to purchasing Iranian oil.

Despite the return of Iranian oil to the market, Indian refiners are likely to hold back from purchasing it, with reasons for their reluctance being explored.

Asian refiners anticipate little capacity for Iranian oil, leaving China as the primary buyer following a US waiver.

Asian refiners are facing a surge of over 60 million barrels of oil ready to exit the Strait of Hormuz but are reluctant to purchase due to soaring tanker rates. This situation is causing a backlog of available Gulf oil despite demand.

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

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

Indian refiners have frozen the price of jet fuel for domestic flights following requests from airlines for relief from recent price hikes, after significant increases in April.

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.

Venezuela has surpassed Saudi Arabia and the US to become India's third-largest crude oil supplier in May, as Indian refiners increase purchases of cheaper Venezuelan heavy crude due to its attractive economics.

Indian airlines are appealing to refiners to delay planned increases in jet fuel prices. This plea comes amidst concerns about the financial viability of airlines and potential kerosene shortages.

India’s LPG supply is constrained by the closure of the Strait of Hormuz, refiners are producing and exporting less alkylate.

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

Independent 'teapot' refiners in China are reportedly slashing production rates as the Hormuz crisis significantly impacts their profit margins.

Beijing has reportedly flip-flopped on its directive, now asking banks to pause loans to sanctioned refiners, days after previously instructing them to ignore sanctions.

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.

Beijing has reportedly instructed Chinese companies to ignore US sanctions targeting refiners, signaling a potential escalation in economic tensions and a challenge to American foreign policy.

China has granted permission to its state-owned refiners to export a limited amount of fuels to buyers in Asia, a move that could impact regional supply dynamics.

China’s State Refiners Seek to Resume Fuel Exports After Halt  Bloomberg.com

US refiners are projected to see a substantial jump in their first-quarter profits, as ongoing conflicts are reportedly boosting fuel margins and increasing demand.

As Iranbacked forces block the Strait of Hormuz, refiners race to reroute US Gulf crude through the Panama Canal paying historic premiums just to pass through.

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

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.

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

India's crude import bill for March fell by 4% overall, but imports from Russia increased fourfold. State refiners were identified as the largest buyers of Russian fuel during this period.

Indian refiners have ramped up purchases of Russian crude over the past two months and expect procurement to remain high through the rest of the year amid easing concerns around potential Donald…

Goldman Sachs has upgraded refiners Par Pacific and Delek US, citing compelling positive earnings revisions as the basis for their improved outlook on the companies.

Nigeria's largest refiner is importing crude, prompting calls to prioritize domestic crude supply to support local refineries and manage fuel prices.

Refiners in India are postponing scheduled maintenance activities in an effort to ensure stable fuel supplies across the country amidst market conditions.

For the first time, India's Oil Marketing Companies (OMCs) will pay refiners discounted rates. This measure aims to offset the financial burden caused by the increasing costs of crude oil.

China's state refiners are reportedly exploring new oil deals with Iran, following a waiver granted by the United States.

The U.S. has temporarily waived sanctions on millions of barrels of Iranian oil, specifically applying to oil already on ships, for 30 days to alleviate global supply pressure and address soaring gas prices. This move is leading refiners in India and other parts of Asia to consider resuming purchases of Iranian oil.

India's crude oil imports have decreased in March due to disruptions in the Strait of Hormuz, leading Indian refiners to pivot towards Russia and African producers, with Russia emerging as the largest supplier.

President Lee Jae Myung on Friday asked the public to tell him directly of any gas stations that violate the fuel price cap that took effect Friday. “The public’s monitoring and participation are needed to ensure that some sellers don’t gain unfair profits,” Lee wrote on his X account. “If you find any gas stations and such that break the regulation, report to me without hesitation.” The price cap limits the price of fuel supplied by refiners to gas stations to 1,724 won ($1.16) per liter of gas

Indian refiners have purchased 30 million barrels of Russian oil following a US waiver, to address supply disruptions amid the ongoing conflict in West Asia.

South Korea is moving to exercise its rights to tap crude oil reserves stored in the country's oil terminals by foreign oil firms to cope with the volatility caused by the situation in the Middle…

Kremlin spokesman Dmitry Peskov's comments came hours after U.S. Treasury Secretary Scott Bessent said that Washington has issued a temporary 30-day waiver to allow Indian refiners to purchase Russian oil

Exclusive: Indian refiners buying prompt Russian oil as Iran war hits supplies, sources say  Reuters

China has instructed its top refiners to cease exports of diesel and gasoline, a move that could impact global fuel markets.

China has instructed its top refiners to suspend exports of diesel and gasoline, a move that could impact global fuel supplies and prices.

Sources indicate that Saudi Aramco is offering crude oil to some Asian refiners via routes that bypass the Strait of Hormuz.

The Indian government has established refinery-wise LPG production targets to create a domestic supply buffer and enhance the country's energy security.

The article outlines a specific method for trading US refiners, focusing on the classic principles of supply and demand. It suggests a particular approach for investors looking to capitalize on market dynamics in the refining sector.

Russia's crude oil exports have tumbled to their lowest level since May, likely due to a brief lull in drone strikes allowing refiners to boost runs and divert crude from exports.

Indian state-run refiners are continuing their trend of purchasing crude oil from West Africa, a move driven by supply disruptions and increased delivery challenges stemming from the ongoing Middle East crisis.

South Korean refiners are reportedly considering importing crude oil from Venezuela, according to an industry association.

Nigeria's House of Representatives Committee on Petroleum Resources (Downstream) has initiated efforts to bridge the divide between petroleum importers and domestic refiners. This move is part of broader measures aimed at strengthening the country's downstream oil sector.

The effective closure of the Strait of Hormuz in early March left crude tankers stranded, prompting refiners to urgently secure alternative supplies. This situation led to fluctuations in Russian crude prices as India increased its procurement.

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

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.

Despite easing refined fuel export restrictions this month due to elevated global oil prices and ample national reserves, China has introduced new compliance requirements for refiners. This cautious approach aims to safeguard domestic stockpiles amidst ongoing international tensions.

Asian refiners are emerging as potential beneficiaries of a fresh fuels crunch, suggesting a shift in the global energy market dynamics.

Indian refiners are experiencing a significant windfall from fuel exports, capitalizing on global shortages exacerbated by ongoing conflicts.

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.

Indian refiners Indian Oil Corp and Hindustan Petroleum Corp have secured millions of crude barrels from Angola, Nigeria, and Brazil to bolster national reserves, following a significant drawdown in stockpiles due to Strait of Hormuz tensions.

Russia Hikes June Subsidies to Refiners as Fuel Shortages Bite Bloomberg.com

India's crude oil imports are nearing pre-conflict levels, with refiners diversifying away from traditional Gulf suppliers and increasing purchases from Russia, the US, and other regions to compensate for Middle East disruptions.

The Strait of Hormuz is bustling with activity as Qatar resumes crude oil exports to Asian refiners, marking the first time since a recent conflict, signaling improved regional dynamics.

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

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.

A large influx of oil from the Persian Gulf is anticipated to overwhelm Asian refiners. This surge in supply could significantly impact the market.

Indian refiners have reportedly secured sufficient crude oil and LPG supplies, extending through August and mid-July respectively, mitigating concerns arising from the ongoing Middle East crisis through purchases from ADNOC and other suppliers.

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.

US crude refiners are currently pushing their run rates to maximum levels, indicating high demand or limited capacity in the refining sector.

Rising silver prices in India are fueling a surge in impure silver bars and coins, prompting calls for mandatory BIS hallmarking and licensing for refiners as industry experts report widespread use of scrap silver with prohibited elements.

According to Argus, U.S. refiners are currently producing jet fuel at levels approaching historical records.

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.

Private refiners in China are reportedly seeking approval from Beijing to cut their run rates.

China is reportedly defying US sanctions targeting refiners, a move that could place financial institutions in a precarious position due to potential secondary sanctions.

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

HYPREP has initiated an underwater welding training program for 44 former artisanal refiners in Ogoniland, Nigeria, aiming to provide sustainable livelihoods and protect the environment.

New US sanctions targeting a Chinese oil giant are increasing pressure on smaller, independent 'teapot' refiners in China.

Disruptions caused by the Iran war are leading marine fuel blenders and refiners to seek heavy sweet oil.

Viva Energy, one of Australia's largest refiners, anticipates its refinery output will recover to 90% capacity within the coming weeks, signaling improved operational stability.

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.

Dominique Schelcher, head of Coopérative U, stated that fuel sales are not profitable for them and called on refiners to reduce their prices so that the savings can be passed on to consumers at the pump.

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.

Independent "teapot" refiners in China are fighting for survival as the country faces a deepening oil crisis.

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.

Thai Prime Minister Anutin Charnvirakul declined to comment on reports that private refiners are preparing legal action against the government's order to reduce diesel refining margins.

Gasoline prices in Greece have exceeded 2.10 euros per liter, driven by international oil prices hovering around $110 per barrel. This surge is increasing the burden on consumers as refiners and companies face higher costs to replenish fuel supplies.

Democrat Party deputy leader Korn Chatikavanij has urged the government to investigate refinery profits rather than asking operators to donate excess earnings to help ease the economic burden from…

South Korea has initiated its inaugural strategic oil swap program, allowing the government to lend crude reserves to refiners in exchange for future alternative supplies, a move aimed at mitigating risks from Middle East tensions affecting shipping routes.

India has purchased approximately 60 million barrels of Russian oil for upcoming delivery, with refiners increasingly using Yuan and Dirham for transactions, marking a win for Russia.

Prosecutors in South Korea have raided four major domestic refiners following allegations of oil price fixing, an investigation launched amid rising gas prices exacerbated by the Middle East conflict.

Asia Refiners Ask Saudis to Change Oil Pricing System Due to War  Bloomberg.com

Asian Refiners Scour the World for Oil With Hormuz Flows Halted  Bloomberg.com

Refiners Hold Off Buying Oil as Prices Surge After Supply Hit  Bloomberg

China's energy security push is paying off as war roils Asian refiners, contrasting with other Asian countries hit hard by wartime energy disruptions.

Chinese state refiners are considering resuming US crude imports due to the ongoing supply crisis in the Middle East, despite existing tariffs. Read More: https://punchng.com/china-considers-buying-us-crude-as-middle-east-crisis-bites/

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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

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.