Russian Oil Refinery Woes Drive Decline in Q1 Exports

Russian oil refineries experienced decreased production, contributing to the country’s ongoing export decline in the first quarter of this year, Russia’s central bank said on Thursday. According to a report released by the bank, goods exports dwindled from $105.1 billion to $97.9 billion compared to the same period last year. …

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Russia’s Offline Oil Refining Capacity Reaches 14%

The amount of Russian oil refining capacity that has been taken offline due to Ukrainian drone strikes is 14% of Russia’s total refining capacity, according to Reuters calculations. Calculations show that 900,000 barrels per day of refining capacity has been taken offline by drone strikes, Reuters said on Tuesday. This …

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Eni to Build Third Biorefinery in Italy

Eni SPA said it is awaiting government clearance to begin construction of its third biofuel production plant in Italy, proposed to rise in the port city of Livorno. “The project, first announced in October 2022 and followed by an application for Environmental Impact Assessment in November 2022, is awaiting official …

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