refiners
Coverage of refiners in the Nexus archive.
- Russia Hikes June Subsidies to Refiners as Fuel Shortages Bite
Russia increased subsidies to refiners in June to address fuel shortages. Motorists in Moscow were observed queuing for fuel at a gas station on June 30.
- Nigeria: Oil Price Drop - FCCPC Warns Fuel Importers, Refiners, Others Against Exploiting Consumers
The Federal Competition and Consumer Protection Commission (FCCPC) in Nigeria has warned refiners, importers, depot operators, marketers, and retail outlet owners against exploiting consumers. This follows a sharp global crude oil price drop that has not led to significant reductions in local petroleum product prices.
- Pump pain, Wall Street gain: Iran war sends U.S. oil profits, stocks soaring as the big winners
The Iran war has boosted U.S. oil producers and refiners, with stock prices rising 20%-70% this year due to higher crude prices and demand. Analysts suggest elevated prices may persist through 2027-2028, driven by global reserve rebuilding and geopolitical shifts. Companies like Chevron, Exxon Mobil, and U.S. shale producers have seen significant gains.
- India's Russian oil imports rise in May as refiners boost purchases
India's total crude oil imports increased by 8% in May, driven by a 21% rise in Russian oil imports. Refiners in India boosted their purchases, contributing to the growth in Russian oil imports.
- Russia’s Multi-Billion Payouts to Refiners Dent State Revenues
Russia's multi-billion payouts to refiners are reducing state revenues. The financial support to refiners is impacting government income.
- US Warns of Sanctions Risks for Chinese Refiners of Iranian Oil
The US has warned Chinese refiners about potential sanctions risks associated with processing Iranian oil. This comes amid ongoing tensions between the US and Iran over oil exports.