Refining & Downstream News
Latest refining & downstream coverage from Oil Authority and industry sources
Oil Authority Analysis8 articles
Drone Strike on Gazprom Neft Moscow Refinery Forces Gasoline Rationing as Combined Russian Outages Reach 600,000 Bpd
Gazprom Neft's Moscow refinery, struck by drones June 18, has pushed combined Russian refining outages to 600,000 bpd, triggering Moscow gasoline rationing.
Ukraine Drone Strikes Cripple Gazprom Neft Moscow Refinery, Forcing Fuel Rationing and Russia Gasoline Export Ban Through July
Ukraine struck Gazprom Neft's Moscow refinery twice in June 2026, knocking out 40% of the capital's fuel. Russia has banned gasoline exports through July.
Russian Refining Output Hits 2009-Era Low
Ukrainian drones hit Syzran and Yaroslavl refineries in 24 hours, pushing Russian processing below 4.7 million barrels per day for first time since 2009.
Indian Oil Q4 GRM Jumps to $19 on Hormuz Crack
Indian Oil's Q4 gross refining margin rocketed to $16 to $19 per barrel from $12.22 as Hormuz cracks blew out, but net profit slipped to 113 billion rupees.
Angola Cabinda Refinery Ships First 30,000 BPD Cargoes, Ending 50-Year Refining Drought
Angola's Cabinda refinery ships first 30,000 BPD diesel and naphtha cargoes, ending a 50-year refining drought. Phase 2 doubles capacity for $700 million.
Canadian Integrated Refiners Capture $11.33 Brent-WTI Spread as WCS Holds at $16.25 Below WTI, Cenovus, Suncor and Imperial Lock In Heavy-Crude Margin Sandwich
Brent settled $11.33 above WTI on Tuesday with WCS at minus $16.25. Cenovus, Suncor, and Imperial sit on the widest heavy-to-distillate margin since 2022.
North American Refiners Post $22 to $28 Crack Spreads as $100 WTI Widens Margins at Imperial Oil Strathcona and Suncor Edmonton
North American Refiners Post $22 to $28 Crack Spreads as $100 WTI Widens Margins at Imperial Oil Strathcona and Suncor Edmonton. Outlook: Will Margins Hold.
Valero Port Arthur Refinery Explosion Shuts Down 435,000 Barrel Per Day Facility, Shelter in Place Ordered
A massive explosion at Valero Energy's Port Arthur refinery on Monday evening triggered a shelter-in-place order for west-side residents. The blast, linked t...