US Refiners Increase Output as Diesel Shortages Boost Margins

• Thursday, 22nd October 2026
• by Mohammad Abdulwakeel

US refiners have operated at higher-than-normal rates in 2026 as tight global supplies of refined fuels, particularly diesel, have boosted profit margins, Reuters reported on October 22, citing data by the US Energy I...

IEA: Record Tanker Freight Costs Push Asian Refiners’ Margins Into Negative

• Thursday, 15th October 2026
• by Sarah Samir

Record-high tanker freight rates have pushed profit margins for Asian oil refineries processing medium-sour crude into negative territory in September, as rising transportation costs increase the price of delivered cr...

Saudi Aramco to Supply Egypt with Crude for 6 Month

• Thursday, 1st March 2018
• by Sarah Samir

Saudi Aramco agreed with Egypt to supply crude oil for six month for the Egyptian refiners, starting January 2018, Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources, told Reuters. According to the a...

Nigeria to Deal Directly With Refiners, Cancels Bids

• Wednesday, 4th November 2015
• by Egypt Oil & Gas

Nigeria will start selling and buying oil and gasoline directly to cut out middlemen and curb graft, the new managers of the Nigerian National Petroleum Corporation (NNPC) announced on Tuesday, according to News 24. I...

Saudi-Russia Price War Extends to European Theatre

• Sunday, 18th October 2015
• by Egypt Oil & Gas

Oil refiners in Europe are cutting their longstanding use of Russian crude in favour of Saudi grades thanks to aggressive price discounting, reported Reuters. “I’m buying less and less Russian crude for my...

Iran to Receive Overdue Debts from Indian Refiners

• Sunday, 13th September 2015
• by Egypt Oil & Gas

Indian refiners are preparing to deposit $700m with the United Commercial Bank to transfer the first installment of oil payments owed to Iran, informed sources told Reuters. This is ahead of the expected lifting of sa...