Ethiopia Commences Construction on Landmark $2.5 B Oil Refinery Project

Ethiopia Commences Construction on Landmark $2.5 B Oil Refinery Project   Ethiopia has officially broken ground on a major new oil refinery project in the Gode region a $2.5 billion initiative poised to become the country’s first domestic crude oil processing facility.   The project, led by China’s Golden Concord Group (GCL), is expected to […]

South Korea’s S-Oil Posts Strong Profit, Signals Robust Refining Margins

South Korea’s S-Oil Posts Strong Profit, Signals Robust Refining Margins   South Korea’s S-Oil Corp reported a significant jump in fourth-quarter operating profits, driven largely by stronger refining margins and steady demand for refined products. The company forecast sustained profitability into the first quarter of the year.   Analysts attribute the margin strength to tighter […]

Gulf Coast Refineries Report Resilience Amid Deep Freeze

Gulf Coast Refineries Report Resilience Amid Deep Freeze   Major U.S. Gulf Coast refining complexes reported minimal disruptions as an intense cold front gripped the region over the weekend. Despite widespread freezing temperatures, most facilities continued operations with only isolated, temporary unit adjustments.   Exxon Mobil’s Baytown petrochemical complex initiated planned unit shutdowns as a […]

Russian Fuel Oil Exports to Asia Slow as Global Refining Dynamics Shift

Russian Fuel Oil Exports to Asia Slow as Global Refining Dynamics Shift   Global fuel oil shipments from Russia into Asian markets have shown a marked slowdown in early 2026, industry analytics reveal. Ship tracking data indicate volumes in January running significantly below levels seen a year earlier, pointing to reduced throughput from key Russian […]