US Imposes Sanctions on Oil Refineries and Purchases
The U.S. imposed sanctions on about 100 individuals, entities and vessels, including a Chinese independent refinery and terminal, that helped Iran's oil and petrochemicals trade, the administration of President Donald Trump said on Thursday.The Treasury Department sanctioned the Shandong Jincheng Petrochemical Group, which it said is an independent teapot refinery in Shandong Province that has purchased millions of barrels of Iranian oil since 2023.It also sanctioned China-based Rizhao Shihua Crude Oil Terminal, which operates a terminal at Lanshan Port.
Russian Oil Remains Available for Indian Refiners Despite Ukraine's Attacks
There is enough supply of Russian oil for Indian refiners in the market as Ukraine's attacks on Russia's energy facilities have reduced its refining capacity and made more crude available, a government official told Reuters on Monday.U.S. President Donald Trump has demanded India stop buying Russian oil, and Washington doubled tariffs to as much as 50% on U.S.
Afipsky Oil Refinery Fire Extinguished After Drone Attack
A fire at the Afipsky oil refinery in Russia's Krasnodar region, caused by fallen drone debris, was extinguished, local emergency services said on Thursday.The Russian Defence Ministry said air defence systems had shot down nine Ukrainian drones over the region overnight.The Ukrainian military confirmed that its drone units had hit the refinery in Krasnodar region, without providing details.It was not immediately clear what the extent of the damage was at the Afipsky refinery, which together with the Krasnodar refinery processed 7.2 million metric tons of crude oil in 2024.Market sources said the disruption at the Afipsky refinery may lead to lower use of crude…
Supertanker Delivers Oil to Sanctioned Nayara Energy Refinery
Supertanker Kalliopi was in the process of discharging Iraqi oil for India's Nayara Energy on Wednesday, the first delivery of crude for the refiner since it was sanctioned by the European Union, five sources familiar with the matter said.More than half of the two million barrels of Basrah volume on board the vessel had been discharged, one of the sources said, with the unloading expected to be completed on Thursday, a second source said.The supertanker is the first to deliver crude to Nayara's Vadinar refinery in the past 12 days, Kpler ship-tracking data showed.Nayara did not immediately respond to a Reuters request for comment.