Europe Oil Company News

Production has restarted at Russia's 120,000 bpd Orsk refinery in Russia around two weeks after its owners Forteinvest...

Independent commodity trader Gunvor is set to use windfall trading profits from the last two years to leverage into assets...

A Trafigura-led consortium, Rhone Energies, has entered into exclusive negotiations to acquire ExxonMobil's 140,000 bpd Fos-Sur-Mer refinery...

BP will close at least two units for maintenance at its 94,000 bpd Lingen refinery in Germany next month

US producer Occidental Petroleum expects to restart operations in the US Gulf of Mexico that were curtailed...

The fall in natural gas and crude oil prices during the first quarter of 2024 and the unplanned outage at its Whiting refinery...

Crude prices are likely to hold in the $80-$100/b during 2024, underpinned by healthy demand growth, OPEC+ cuts and geopolitical risk...

Refinery throughput levels continued to fall for Austrian refiner OMV during the first three months of the year, although falling crude prices...

The world's largest independent oil trading company chalked up profits of $13 billion in 2023, its second highest on record...

Crude loadings from the Caspian Pipeline Consortium's export pipeline from Kazakhstan to the Black Sea have been halted for 72 hours...

Trading giant Trafigura has announced a management shakeup after two long-standing executives announced retirement plans...

Imperial Oil has begun shutting units at its 120,000 bpd Sarnia refinery for a planned turnaround...

ExxonMobil expects lower oil and gas prices and downtime at its refineries to squeeze first quarter profit...

Independent commodity trader Gunvor reported a near-50% decline from record profits...

Independent producer Ithaca Energy has received a four-week exclusivity period from Italy's Eni...

ExxonMobil will shut its 250,000 bpd Joliet refinery in Illinois for a major turnaround expected to last around 50 days...

Colonial Pipeline has frozen nominations for cycles 15 and 16 into the Curtis Bay section of the Port of Baltimore...

The former chief of Glencore's oil trading division has lost his battle with UK government over the tax rate on £150 million worth of payments...

Energy trading giant Vitol saw its 2023 revenues fall over 20% on the year as volatility in the market pulled back from unprecedented highs...

Ukrainian drone strikes on Russia's oil processing infrastructure resumed over the weekend...