Oil Refining

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Bloomberg· 2025-09-05 21:50
US oil refiners have found an unlikely ally in their opposition to President Donald Trump’s proposed changes to biofuel policy: China https://t.co/AuM0J5rkJW ...
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Bloomberg· 2025-08-29 06:50
Indian refiners have stepped up their purchases of US crude, as Washington cracks down on the nation for buying Russian oil https://t.co/L5O49kRiVd ...
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Bloomberg· 2025-08-26 16:48
Nayara Energy, the Europe-sanctioned oil refiner that’s partially owned by Russian giant Rosneft PJSC, appointed a new CEO from a unit of Azerbaijan’s state-run oil company https://t.co/RUDksRcAWc ...
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Bloomberg· 2025-08-22 12:38
Africa’s richest person, Aliko Dangote, wants to dominate oil refining. Will his efforts enrich Nigeria too? https://t.co/dp9hUlQw1o ...
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Bloomberg· 2025-08-21 11:34
The former owner of the UK’s Lindsey oil refinery is facing a UK lawsuit over potential “irregularities” tied to the financial affairs of his now-failed business empire https://t.co/JtgG80tqQd ...
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Bloomberg· 2025-08-21 09:42
Asian oil refiners have been hunting for crude from further afield than their usual suppliers in the Middle East, but this more diversified strategy isn’t stirring a market that’s bracing for a glut https://t.co/Bl3gEynmrJ ...
Dangote's $20 Billion Oil Refinery: Will Project Benefit Nigeria?
Bloomberg Television· 2025-08-21 05:17
Dangote's Business Overview - Aliko Dangote, Africa's richest person, built a $20 billion oil refinery in Nigeria, exceeding the size of any in Europe [1][3] - Dangote comes from a family with a trading tradition, initially dealing in peanuts and other goods, later transitioning to cocoa, cotton, and cement [2] - Dangote's interest in oil refining was sparked by a failed bid on state refineries, leading to the construction of a mega refinery with a capacity of 650,000 barrels per day [3] Controversy and Government Relations - Dangote's relationship with the government is complex, sometimes appearing adversarial regarding fuel imports, while at other times, he is praised as a visionary [6] - President Bola Tinubu recently called Dangote a visionary, acknowledging his realization of Nigeria refining its own crude oil [6] Economic Impact and Criticism - Concerns exist regarding whether Dangote's dominance will primarily benefit himself or the nation, particularly with his pursuit of banning foreign competition [1] - Some view the concessions and tax breaks granted to Dangote by the government as generous, while others argue they are necessary for infrastructure development that might not otherwise occur [4] - Nigeria aims to refine its own oil to avoid the costly practice of exporting crude and importing fuel [4]
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Bloomberg· 2025-08-20 04:38
India’s state-run refiners have returned to buying Russian oil after a brief pause, despite the South Asian nation facing higher tariffs for the trade and a volley of criticism from Trump officials https://t.co/dxzpGTUHpF ...
PBF Energy Announces Joseph Marino to Become Chief Financial Officer Upon Retirement of Karen B. Davis
Prnewswire· 2025-08-19 20:16
Ms. Davis Re-Appointed to Serve on the BoardPARSIPPANY, N.J., Aug. 19, 2025 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) today announced the promotion of Joseph Marino to Chief Financial Officer ("CFO"), effective October 1, 2025. On that date, current CFO, Karen B. Davis, will retire as an executive of the company and rejoin the Board of Directors, where she previously served from January 1, 2020, through December 31, 2022.Matt Lucey, PBF Energy's CEO, said, "On behalf of our Board of Directors and manageme ...
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Bloomberg· 2025-08-19 05:23
Oil refiners in China have stepped up purchases of Russia’s flagship crude, seizing an opportunity to take discounted cargoes relinquished by India as Washington ramps up trade tariffs against New Delhi https://t.co/CF4Xvi5dI8 ...